Sylebra HK Co Ltd reduced its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,582,769 shares of the technology company’s stock after selling 36,275 shares during the period. Scientific Games Corp makes up 18.1% of Sylebra HK Co Ltd’s investment portfolio, making the stock its largest position. Sylebra HK Co Ltd owned 0.10% of Scientific Games Corp worth $202,982,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of SGMS. Oppenheimer Asset Management Inc. bought a new stake in shares of Scientific Games Corp during the first quarter worth about $120,000. SG Americas Securities LLC bought a new stake in shares of Scientific Games Corp during the first quarter worth about $130,000. State of Alaska Department of Revenue raised its stake in shares of Scientific Games Corp by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,640 shares of the technology company’s stock worth $133,000 after buying an additional 150 shares during the period. Miles Capital Inc. raised its stake in shares of Scientific Games Corp by 7.2% in the fourth quarter. Miles Capital Inc. now owns 14,150 shares of the technology company’s stock worth $198,000 after buying an additional 948 shares during the period. Finally, Parametrica Management Ltd bought a new stake in shares of Scientific Games Corp during the first quarter worth about $211,000. Institutional investors and hedge funds own 61.40% of the company’s stock.
Scientific Games Corp (NASDAQ SGMS) traded up 0.19% during midday trading on Friday, reaching $25.90. 731,468 shares of the company traded hands. The firm’s 50 day moving average price is $23.78 and its 200 day moving average price is $20.03. Scientific Games Corp has a 12 month low of $8.07 and a 12 month high of $26.95. The firm’s market capitalization is $2.30 billion.
Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by $0.18. The company had revenue of $725.40 million for the quarter, compared to analysts’ expectations of $706.74 million. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect that Scientific Games Corp will post ($2.45) earnings per share for the current year.
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SGMS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, March 7th. ValuEngine upgraded shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus increased their price objective on shares of Scientific Games Corp from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Telsey Advisory Group increased their price objective on shares of Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, April 28th. Finally, BidaskClub upgraded shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.20.
In related news, Director Michael Gavin Isaacs sold 154,951 shares of Scientific Games Corp stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $22.81, for a total transaction of $3,534,432.31. Following the completion of the transaction, the director now directly owns 110,542 shares of the company’s stock, valued at approximately $2,521,463.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.03% of the company’s stock.
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. 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.
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