Thrivent Financial for Lutherans grew its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,937 shares of the technology company’s stock after purchasing an additional 1,031 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Scientific Games were worth $249,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in SGMS. BlackRock Inc. grew its position in shares of Scientific Games by 3.8% during the 3rd quarter. BlackRock Inc. now owns 6,301,235 shares of the technology company’s stock worth $160,050,000 after buying an additional 228,606 shares during the period. Whale Rock Capital Management LLC grew its position in shares of Scientific Games by 30.9% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,415,894 shares of the technology company’s stock worth $61,076,000 after buying an additional 806,935 shares during the period. FMR LLC grew its position in shares of Scientific Games by 34.8% during the 3rd quarter. FMR LLC now owns 2,451,221 shares of the technology company’s stock worth $62,262,000 after buying an additional 632,380 shares during the period. Northern Trust Corp grew its position in shares of Scientific Games by 0.6% during the 4th quarter. Northern Trust Corp now owns 892,819 shares of the technology company’s stock worth $15,964,000 after buying an additional 5,291 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Scientific Games by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 848,228 shares of the technology company’s stock worth $15,166,000 after buying an additional 9,482 shares during the period. Hedge funds and other institutional investors own 68.67% of the company’s stock.
Shares of NASDAQ:SGMS opened at $22.57 on Wednesday. Scientific Games Corp has a 1-year low of $14.79 and a 1-year high of $62.80. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -41.80, a P/E/G ratio of 4.37 and a beta of 2.31.
Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings data on Thursday, February 21st. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $0.10 by $2.11. The company had revenue of $885.70 million for the quarter, compared to the consensus estimate of $871.92 million. During the same quarter last year, the business posted ($0.48) earnings per share. Scientific Games’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts anticipate that Scientific Games Corp will post 0.48 earnings per share for the current year.
Several analysts have recently commented on SGMS shares. BidaskClub raised shares of Scientific Games from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Zacks Investment Research downgraded shares of Scientific Games from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. ValuEngine downgraded shares of Scientific Games from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $21.00 price objective on shares of Scientific Games in a research report on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $37.88.
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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 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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