Scientific Games Corp (SGMS) Holdings Cut by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its position in Scientific Games Corp (NASDAQ:SGMS) by 29.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 249,600 shares of the technology company’s stock after selling 103,761 shares during the period. Two Sigma Advisers LP owned 0.27% of Scientific Games worth $4,463,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of Scientific Games by 176.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 50,643 shares of the technology company’s stock valued at $1,287,000 after acquiring an additional 32,329 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Scientific Games by 53.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 12,862 shares of the technology company’s stock valued at $327,000 after acquiring an additional 4,500 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Scientific Games by 3.8% in the 3rd quarter. BlackRock Inc. now owns 6,301,235 shares of the technology company’s stock valued at $160,050,000 after acquiring an additional 228,606 shares in the last quarter. American International Group Inc. grew its holdings in shares of Scientific Games by 3.1% in the 3rd quarter. American International Group Inc. now owns 146,985 shares of the technology company’s stock valued at $3,733,000 after acquiring an additional 4,420 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Scientific Games by 34.8% in the 3rd quarter. FMR LLC now owns 2,451,221 shares of the technology company’s stock valued at $62,262,000 after acquiring an additional 632,380 shares in the last quarter. 68.67% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on SGMS shares. Susquehanna Bancshares started coverage on Scientific Games in a report on Friday, December 7th. They issued a “positive” rating and a $25.00 price objective for the company. Jefferies Financial Group set a $22.00 price objective on Scientific Games and gave the company a “hold” rating in a report on Friday, December 14th. Deutsche Bank restated a “hold” rating and issued a $26.00 price objective on shares of Scientific Games in a report on Monday, December 17th. BidaskClub upgraded Scientific Games from a “strong sell” rating to a “sell” rating in a report on Saturday, January 5th. Finally, Zacks Investment Research cut Scientific Games from a “hold” rating to a “sell” rating in a report on Monday, January 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $37.88.

Shares of NASDAQ:SGMS opened at $20.77 on Tuesday. Scientific Games Corp has a 52-week low of $14.79 and a 52-week high of $62.80. The stock has a market capitalization of $1.88 billion, a P/E ratio of -38.46, a PEG ratio of 4.27 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 Thomson Reuters’ consensus estimate of $0.10 by $2.11. The firm had revenue of $885.70 million during the quarter, compared to analyst estimates of $871.92 million. During the same quarter last year, the business posted ($0.48) earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts predict that Scientific Games Corp will post 0.48 earnings per share for the current fiscal year.

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About Scientific Games

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

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