Scientific Games (SGMS) Shares Gap Up to $20.89

Scientific Games Corp (NASDAQ:SGMS) gapped up before the market opened on Tuesday . The stock had previously closed at $19.68, but opened at $20.89. Scientific Games shares last traded at $22.57, with a volume of 2297880 shares traded.

A number of equities research analysts have commented on SGMS shares. Deutsche Bank reissued a “hold” rating and set a $26.00 price objective on shares of Scientific Games in a report on Monday, December 17th. BidaskClub raised shares of Scientific Games from a “strong sell” rating to a “sell” rating in a report on Saturday, January 5th. Zacks Investment Research lowered shares of Scientific Games from a “hold” rating to a “sell” rating in a report on Monday, January 14th. Finally, ValuEngine raised shares of Scientific Games from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Scientific Games has an average rating of “Hold” and an average target price of $37.88.

The company has a market cap of $2.08 billion, a PE ratio of -41.80, a PEG ratio of 4.46 and a beta of 2.32.

Scientific Games (NASDAQ:SGMS) last issued its earnings results on Thursday, February 21st. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $2.11. The business had revenue of $885.70 million during the quarter, compared to the consensus estimate of $871.92 million. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business posted ($0.48) EPS. Equities analysts forecast that Scientific Games Corp will post 0.48 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sciencast Management LP bought a new position in shares of Scientific Games in the 1st quarter valued at about $222,000. Retirement Systems of Alabama boosted its stake in shares of Scientific Games by 1.0% in the 1st quarter. Retirement Systems of Alabama now owns 72,050 shares of the technology company’s stock valued at $1,471,000 after purchasing an additional 714 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Scientific Games by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 641,615 shares of the technology company’s stock valued at $11,472,000 after purchasing an additional 34,255 shares during the last quarter. Norges Bank bought a new position in shares of Scientific Games in the 4th quarter valued at about $6,008,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Scientific Games by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 848,228 shares of the technology company’s stock valued at $15,166,000 after purchasing an additional 9,482 shares during the last quarter. 68.67% of the stock is currently owned by institutional investors.

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Scientific Games Company Profile (NASDAQ:SGMS)

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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