Scientific Games Corp (NASDAQ:SGMS) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 10,360,043 shares, an increase of 19.1% from the April 15th total of 8,695,299 shares. Approximately 19.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,588,348 shares, the short-interest ratio is currently 6.5 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGMS. Oppenheimer Asset Management Inc. acquired a new position in shares of Scientific Games in the 4th quarter valued at about $58,000. Coastal Investment Advisors Inc. acquired a new position in shares of Scientific Games in the 1st quarter valued at about $60,000. LS Investment Advisors LLC lifted its stake in shares of Scientific Games by 54.2% in the 4th quarter. LS Investment Advisors LLC now owns 6,010 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,112 shares in the last quarter. Bank of Montreal Can lifted its position in Scientific Games by 195.5% during the 4th quarter. Bank of Montreal Can now owns 6,270 shares of the technology company’s stock worth $111,000 after acquiring an additional 4,148 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Scientific Games by 17.8% during the 4th quarter. Van ECK Associates Corp now owns 7,252 shares of the technology company’s stock worth $130,000 after acquiring an additional 1,094 shares in the last quarter. 65.36% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ SGMS opened at $18.75 on Friday. The stock has a market capitalization of $1.77 billion, a PE ratio of -34.72, a PEG ratio of 64.04 and a beta of 2.32. Scientific Games has a 1-year low of $14.79 and a 1-year high of $62.35.

Scientific Games (NASDAQ:SGMS) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.19. The business had revenue of $837.00 million for the quarter, compared to analyst estimates of $832.28 million. Scientific Games had a negative return on equity of 0.60% and a negative net margin of 5.15%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.24) EPS. Sell-side analysts anticipate that Scientific Games will post 0.03 earnings per share for the current fiscal year.

SGMS has been the topic of a number of research analyst reports. Zacks Investment Research raised Scientific Games from a “sell” rating to a “hold” rating in a research note on Monday, January 28th. ValuEngine raised Scientific Games from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. BidaskClub raised Scientific Games from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Credit Suisse Group reissued an “underperform” rating and issued a $21.00 price target on shares of Scientific Games in a research note on Wednesday, March 20th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $31.00 price target (down from $36.00) on shares of Scientific Games in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.50.

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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 digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, 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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