Public Sector Pension Investment Board held its position in shares of Scientific Games Corp (NASDAQ:SGMS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,400 shares of the company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board’s holdings in Scientific Games Corp were worth $482,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookfield Asset Management Inc. bought a new position in shares of Scientific Games Corp during the third quarter valued at $2,818,000. BlackRock Fund Advisors raised its position in shares of Scientific Games Corp by 7.5% in the third quarter. BlackRock Fund Advisors now owns 3,523,942 shares of the company’s stock valued at $39,715,000 after buying an additional 245,381 shares during the period. Whitebox Advisors LLC bought a new position in shares of Scientific Games Corp during the third quarter valued at $1,800,000. Wells Fargo & Company MN raised its position in shares of Scientific Games Corp by 12.3% in the third quarter. Wells Fargo & Company MN now owns 1,408,721 shares of the company’s stock valued at $15,876,000 after buying an additional 153,787 shares during the period. Finally, Dimensional Fund Advisors LP bought a new position in shares of Scientific Games Corp during the fourth quarter valued at $1,976,000. 65.96% of the stock is owned by institutional investors.
Scientific Games Corp (NASDAQ:SGMS) opened at 21.60 on Tuesday. The stock has a 50 day moving average of $20.25 and a 200 day moving average of $15.03. Scientific Games Corp has a 1-year low of $7.90 and a 1-year high of $23.05. The stock’s market cap is $1.90 billion.
Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings data on Thursday, March 2nd. The company reported ($1.26) EPS for the quarter, missing the consensus estimate of ($0.92) by $0.34. The company had revenue of $752.20 million for the quarter, compared to analyst estimates of $751.30 million. During the same quarter in the previous year, the company earned ($1.48) EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Scientific Games Corp will post ($2.17) earnings per share for the current year.
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Several research analysts have weighed in on SGMS shares. Zacks Investment Research lowered shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Bank of America Corp raised shares of Scientific Games Corp from an “underperform” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, January 26th. Macquarie lowered shares of Scientific Games Corp from an “outperform” rating to a “neutral” rating in a research note on Friday, December 16th. Finally, Telsey Advisory Group increased their target price on shares of Scientific Games Corp from $13.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.20.
About Scientific Games Corp
Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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