Scientific Games Corp (NASDAQ:SGMS)’s share price fell 6.3% during trading on Tuesday . The company traded as low as $24.60 and last traded at $26.25. 120,229 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,378,510 shares. The stock had previously closed at $24.70.

A number of brokerages have recently commented on SGMS. BidaskClub upgraded Scientific Games from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 31st. Telsey Advisory Group lifted their target price on Scientific Games from $59.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, May 24th. Zacks Investment Research upgraded Scientific Games from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Monday, July 16th. ValuEngine cut Scientific Games from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Stifel Nicolaus dropped their price objective on Scientific Games from $57.00 to $46.00 and set a “hold” rating for the company in a report on Friday, August 3rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $51.29.

The company has a debt-to-equity ratio of -3.90, a current ratio of 1.92 and a quick ratio of 1.58. The firm has a market cap of $2.45 billion, a PE ratio of -11.12 and a beta of 2.32.

Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The business had revenue of $844.70 million for the quarter, compared to analysts’ expectations of $853.64 million. During the same quarter in the previous year, the firm earned ($0.44) EPS. Scientific Games’s revenue was up 10.2% compared to the same quarter last year. analysts forecast that Scientific Games Corp will post -0.67 earnings per share for the current year.

In other news, Director Barry F. Schwartz bought 5,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was acquired at an average cost of $24.76 per share, with a total value of $123,800.00. Following the transaction, the director now directly owns 106,852 shares in the company, valued at approximately $2,645,655.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Barry L. Cottle bought 10,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were purchased at an average cost of $33.24 per share, with a total value of $332,400.00. Following the completion of the transaction, the insider now owns 76,287 shares in the company, valued at $2,535,779.88. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 195,000 shares of company stock valued at $6,160,700. 40.48% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SGMS. Bank of Montreal Can purchased a new stake in Scientific Games during the 2nd quarter valued at about $104,000. Cerebellum GP LLC purchased a new stake in shares of Scientific Games in the second quarter worth about $121,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Scientific Games in the second quarter worth about $140,000. LS Investment Advisors LLC boosted its stake in shares of Scientific Games by 42.9% in the first quarter. LS Investment Advisors LLC now owns 4,441 shares of the technology company’s stock worth $185,000 after buying an additional 1,333 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in shares of Scientific Games in the second quarter worth about $208,000. 70.64% of the stock is owned by institutional investors and hedge funds.

Scientific Games Company Profile (NASDAQ:SGMS)

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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