Balter Liquid Alternatives LLC purchased a new stake in shares of Scientific Games Corp (NASDAQ:SGMS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,776 shares of the technology company’s stock, valued at approximately $604,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Piedmont Investment Advisors LLC purchased a new stake in shares of Scientific Games during the 2nd quarter worth approximately $291,000. California Public Employees Retirement System grew its stake in Scientific Games by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 117,591 shares of the technology company’s stock valued at $5,392,000 after buying an additional 5,391 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Scientific Games in the 3rd quarter valued at approximately $2,584,000. Prudential Financial Inc. boosted its holdings in Scientific Games by 10.9% in the 3rd quarter. Prudential Financial Inc. now owns 102,025 shares of the technology company’s stock valued at $4,678,000 after purchasing an additional 10,051 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in Scientific Games by 39.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 29,686 shares of the technology company’s stock valued at $1,361,000 after purchasing an additional 8,423 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.
Scientific Games Corp (NASDAQ:SGMS) opened at $43.50 on Monday. Scientific Games Corp has a 52-week low of $19.80 and a 52-week high of $56.45. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45.
In other Scientific Games news, Director Richard M. Haddrill sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $51.28, for a total transaction of $410,240.00. Following the completion of the sale, the director now directly owns 136,542 shares of the company’s stock, valued at $7,001,873.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 40.61% of the stock is currently owned by corporate insiders.
A number of equities analysts recently commented on the stock. BidaskClub cut shares of Scientific Games from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $55.00 price target on shares of Scientific Games in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Scientific Games from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.20.
Scientific Games Company Profile
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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