Northwestern Mutual Investment Management Company LLC lessened its position in Scientific Games Corp (NASDAQ:SGMS) by 5.3% during the first quarter, Holdings Channel reports. The fund owned 9,847 shares of the technology company’s stock after selling 554 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Scientific Games were worth $201,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Teachers Advisors LLC grew its stake in shares of Scientific Games by 0.9% in the third quarter. Teachers Advisors LLC now owns 108,090 shares of the technology company’s stock worth $2,745,000 after acquiring an additional 1,009 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Scientific Games by 195.5% in the fourth quarter. Bank of Montreal Can now owns 6,270 shares of the technology company’s stock worth $111,000 after acquiring an additional 4,148 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Scientific Games by 1.4% in the fourth quarter. Arizona State Retirement System now owns 39,493 shares of the technology company’s stock worth $706,000 after acquiring an additional 543 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Scientific Games in the fourth quarter worth $58,000. Finally, Rhumbline Advisers grew its stake in shares of Scientific Games by 65.2% in the fourth quarter. Rhumbline Advisers now owns 166,175 shares of the technology company’s stock worth $2,971,000 after acquiring an additional 65,589 shares during the last quarter. 65.21% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. BidaskClub raised Scientific Games from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 5th. Deutsche Bank reduced their target price on Scientific Games from $26.00 to $22.00 and set an “in-line” rating for the company in a research report on Wednesday, May 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $31.00 target price (down from $36.00) on shares of Scientific Games in a research report on Wednesday, May 8th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $21.00 target price on shares of Scientific Games in a research report on Wednesday, March 20th. Finally, ValuEngine cut Scientific Games from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Three equities 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 stock. The stock has a consensus rating of “Hold” and an average price target of $32.50.
Shares of SGMS stock opened at $20.61 on Thursday. The firm has a market capitalization of $1.93 billion, a P/E ratio of -38.17, a PEG ratio of 65.43 and a beta of 2.43. Scientific Games Corp has a one year low of $14.79 and a one year high of $58.70.
Scientific Games (NASDAQ:SGMS) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.19. The firm had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $832.28 million. Scientific Games had a negative return on equity of 0.60% and a negative net margin of 5.15%. Scientific Games’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned ($2.24) earnings per share. On average, analysts predict that Scientific Games Corp will post 0.03 EPS for the current year.
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Scientific Games Company Profile
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, 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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