Russell Investments Group Ltd. Grows Holdings in Scientific Games Corp (SGMS)

Russell Investments Group Ltd. boosted its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 70.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,290 shares of the technology company’s stock after buying an additional 29,150 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Scientific Games worth $3,223,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in Scientific Games by 13.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,673 shares of the technology company’s stock worth $122,000 after buying an additional 556 shares in the last quarter. First Quadrant L P CA acquired a new stake in Scientific Games during the 3rd quarter worth approximately $139,000. LS Investment Advisors LLC lifted its holdings in Scientific Games by 42.2% during the 3rd quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock worth $181,000 after buying an additional 1,170 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Scientific Games during the 3rd quarter worth approximately $201,000. Finally, Bayesian Capital Management LP acquired a new stake in Scientific Games during the 2nd quarter worth approximately $209,000. Institutional investors own 63.97% of the company’s stock.

Shares of Scientific Games Corp (SGMS) opened at $50.85 on Monday. Scientific Games Corp has a fifty-two week low of $13.65 and a fifty-two week high of $54.95. The company has a debt-to-equity ratio of -4.07, a quick ratio of 1.45 and a current ratio of 1.83.

Scientific Games (NASDAQ:SGMS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The firm had revenue of $768.90 million for the quarter, compared to analyst estimates of $748.56 million. During the same quarter last year, the firm earned ($1.13) EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. equities analysts forecast that Scientific Games Corp will post -2.47 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Craig Hallum reiterated a “buy” rating and set a $56.00 target price (up from $45.00) on shares of Scientific Games in a report on Thursday, October 5th. Bank of America restated a “buy” rating and issued a $50.00 price objective (up from $38.00) on shares of Scientific Games in a report on Wednesday, September 20th. Finally, Stifel Nicolaus raised their price objective on shares of Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.20.

In other news, EVP James C. Kennedy sold 100,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $48.30, for a total value of $4,830,000.00. Following the sale, the executive vice president now directly owns 105,029 shares in the company, valued at approximately $5,072,900.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Regan sold 17,000 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $46.88, for a total transaction of $796,960.00. The disclosure for this sale can be found here. Insiders sold a total of 187,384 shares of company stock worth $9,026,426 over the last 90 days. Company insiders own 40.61% of the company’s stock.

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About Scientific Games

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its 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.

Institutional Ownership by Quarter for Scientific Games (NASDAQ:SGMS)

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