The stock of Scientific Games Corp (NASDAQ:SGMS) is a huge mover today! About 292,776 shares traded hands. Scientific Games Corp (NASDAQ:SGMS) has risen 24.54% since March 2, 2016 and is uptrending. It has outperformed by 16.28% the S&P500.
The move comes after 9 months positive chart setup for the $1.06B company. It was reported on Oct, 5 by Barchart.com. We have $17.87 PT which if reached, will make NASDAQ:SGMS worth $519.40 million more.
Analysts await Scientific Games Corp (NASDAQ:SGMS) to report earnings on November, 14. They expect $-0.88 earnings per share, down 3.53% or $0.03 from last year’s $-0.85 per share. After $-0.59 actual earnings per share reported by Scientific Games Corp for the previous quarter, Wall Street now forecasts 49.15% negative EPS growth.
Scientific Games Corp (NASDAQ:SGMS) Ratings Coverage
Out of 7 analysts covering Scientific Games Corp (NASDAQ:SGMS), 2 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 29% are positive. Scientific Games Corp has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Bank of America downgraded the shares of SGMS in a report on Tuesday, January 12 to “Underperform” rating. The rating was initiated by Goldman Sachs with “Sell” on Wednesday, August 19. The stock has “Neutral” rating given by JP Morgan on Friday, September 25. On Monday, September 21 the stock rating was maintained by Sterne Agee CRT with “Buy”. The rating was initiated by Sterne Agee CRT on Tuesday, August 18 with “Buy”. As per Wednesday, August 5, the company rating was maintained by Deutsche Bank. Telsey Advisory Group maintained Scientific Games Corp (NASDAQ:SGMS) rating on Friday, May 6. Telsey Advisory Group has “Market Perform” rating and $10 price target. The firm earned “Hold” rating on Tuesday, September 1 by Deutsche Bank. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, February 26. Janney Capital maintained the shares of SGMS in a report on Monday, August 24 with “Neutral” rating.
According to Zacks Investment Research, “Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries, and the leading supplier of wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games’ customers are in the United States and more than 60 other countries.”
Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.46, from 1.33 in 2016Q1. The ratio worsened, as 26 funds sold all Scientific Games Corp shares owned while 43 reduced positions. 19 funds bought stakes while 41 increased positions. They now own 50.79 million shares or 10.20% less from 56.56 million shares in 2016Q1.
Invesco Limited has 0% invested in the company for 313,604 shares. Moreover, Price T Rowe Assocs Md has 0% invested in Scientific Games Corp (NASDAQ:SGMS) for 31,830 shares. Voya Investment Mngmt Ltd Limited Liability Company reported 22,670 shares or 0% of all its holdings. Connor Clark And Lunn Investment Management reported 92,900 shares or 0.01% of all its holdings. Millennium Ltd Liability Corp has 25,900 shares for 0% of their US portfolio. Tci Wealth Advsr holds 200 shares or 0% of its portfolio. Menta Cap Ltd Com last reported 0.01% of its portfolio in the stock. Oxford Asset Mngmt accumulated 261,697 shares or 0.1% of the stock. Alliancebernstein Ltd Partnership owns 70,756 shares or 0% of their US portfolio. Hutchin Hill Lp has 0.05% invested in the company for 149,900 shares. Susquehanna Int Gru Llp has 333,681 shares for 0% of their US portfolio. The California-based California Public Employees Retirement Sys has invested 0% in Scientific Games Corp (NASDAQ:SGMS). Tower Research Lc (Trc) holds 0% or 205 shares in its portfolio. Tfs Cap Limited Liability Com last reported 0.12% of its portfolio in the stock. Kbc Group Incorporated Nv has invested 0.02% of its portfolio in Scientific Games Corp (NASDAQ:SGMS).
Insider Transactions: Since September 16, 2016, the stock had 0 insider buys, and 1 sale for $1.05 million net activity. Kennedy David L had sold 100,000 shares worth $1.05M on Friday, September 16.
More notable recent Scientific Games Corp (NASDAQ:SGMS) news were published by: Fool.com which released: “Scientific Games Corp Jumps As It Looks to Unlock Growth in Its Interactive …” on September 07, 2016, also Fool.com with their article: “Why Scientific Games Corp’s Shares Dropped 23% in August” published on September 06, 2016, Fool.com published: “Why Scientific Games Corp Stock Took a Hit” on May 06, 2016. More interesting news about Scientific Games Corp (NASDAQ:SGMS) were released by: Twst.com and their article: “Scientific Games Corporation: Scientific Games Purchases Karma Gaming’s …” published on October 05, 2016 as well as Fool.com‘s news article titled: “Scientific Games Corp Stock Falls After New CEO Is Announced” with publication date: August 05, 2016.
SGMS Company Profile
Scientific Games Corporation, incorporated on July 2, 1984, is a developer of technologyâ€‘based services and products, and associated content for the gaming, lottery and interactive gaming industries. The Firm operates through three divisions: Gaming, Lottery and Interactive. The Company’s portfolio includes gaming machines and game content, casino management systems, table game services and products, instant and drawâ€‘based lottery games, serverâ€‘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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