American International Group Inc. raised its stake in shares of Scientific Games Corp (NASDAQ:SGMS) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,100 shares of the technology company’s stock after buying an additional 2,456 shares during the period. American International Group Inc.’s holdings in Scientific Games were worth $1,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Systematic Financial Management LP bought a new position in shares of Scientific Games in the third quarter worth about $365,000. Chartwell Investment Partners LLC bought a new position in shares of Scientific Games in the third quarter worth about $4,307,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Scientific Games in the third quarter worth about $284,000. Macquarie Group Ltd. bought a new position in shares of Scientific Games in the third quarter worth about $738,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Scientific Games by 3.5% in the third quarter. Ameriprise Financial Inc. now owns 280,127 shares of the technology company’s stock worth $12,844,000 after purchasing an additional 9,370 shares during the period. Institutional investors own 63.97% of the company’s stock.

Scientific Games Corp (SGMS) opened at $52.10 on Tuesday. Scientific Games Corp has a 12 month low of $13.65 and a 12 month high of $54.95. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.22). The company had revenue of $768.90 million during the quarter, compared to analysts’ expectations of $748.56 million. During the same quarter last year, the company earned ($1.13) EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts predict that Scientific Games Corp will post -2.47 earnings per share for the current year.

A number of equities analysts have recently commented on SGMS shares. Bank of America reiterated a “buy” rating and issued a $50.00 price objective (up from $38.00) on shares of Scientific Games in a research note on Wednesday, September 20th. Craig Hallum restated a “buy” rating and set a $56.00 price target (up from $45.00) on shares of Scientific Games in a research note on Thursday, October 5th. Finally, Stifel Nicolaus boosted their price target on Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.20.

In other Scientific Games news, EVP James C. Kennedy sold 100,000 shares of Scientific Games stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $48.30, for a total transaction of $4,830,000.00. Following the sale, the executive vice president now directly owns 105,029 shares of the company’s stock, valued at $5,072,900.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James C. Kennedy sold 30,384 shares of Scientific Games stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $48.35, for a total value of $1,469,066.40. Following the sale, the executive vice president now directly owns 105,029 shares in the company, valued at $5,078,152.15. The disclosure for this sale can be found here. Insiders have sold 187,384 shares of company stock worth $9,026,426 over the last 90 days. Corporate insiders own 40.61% of the company’s stock.

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Scientific Games 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.

Institutional Ownership by Quarter for Scientific Games (NASDAQ:SGMS)

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