Scientific Games Corp (NASDAQ:SGMS) Institutional Investors Sentiment

April 16, 2018 - By Winifred Garcia

Scientific Games Corporation (NASDAQ:SGMS) Logo

Sentiment for Scientific Games Corp (NASDAQ:SGMS)

Scientific Games Corp (NASDAQ:SGMS) institutional sentiment decreased to 1.01 in Q4 2017. Its down -0.36, from 1.37 in 2017Q3. The ratio fall, as 85 funds increased and opened new holdings, while 84 cut down and sold their stakes in Scientific Games Corp. The funds in our partner’s database now hold: 53.50 million shares, up from 52.82 million shares in 2017Q3. Also, the number of funds holding Scientific Games Corp in their top 10 holdings decreased from 8 to 5 for a decrease of 3. Sold All: 17 Reduced: 67 Increased: 55 New Position: 30.

Scientific Games Corporation develops technology services and products, and associated content for the gaming, lottery, and interactive gaming industries worldwide. The company has market cap of $4.06 billion. The Company’s Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals , conversion game kits, and spare parts; and slot, casino, and table-management systems, as well as leases VLTs and electronic table games. It currently has negative earnings. This segment also sells and leases table products, such as shufflers; licenses proprietary table games; and provides installation and support services of casino management systems, including ongoing hardware maintenance and software upgrade services.

The stock increased 2.05% or $0.9 during the last trading session, reaching $44.8. About 104,770 shares traded. Scientific Games Corporation (NASDAQ:SGMS) has risen 96.55% since April 16, 2017 and is uptrending. It has outperformed by 85.00% the S&P500.

Analysts await Scientific Games Corporation (NASDAQ:SGMS) to report earnings on April, 26. They expect $-0.24 earnings per share, up 73.91 % or $0.68 from last year’s $-0.92 per share. After $-0.28 actual earnings per share reported by Scientific Games Corporation for the previous quarter, Wall Street now forecasts -14.29 % EPS growth.

Sylebra Hk Co Ltd holds 35.6% of its portfolio in Scientific Games Corporation for 8.62 million shares. Fine Capital Partners L.P. owns 2.43 million shares or 15.71% of their US portfolio. Moreover, Whale Rock Capital Management Llc has 4.97% invested in the company for 2.09 million shares. The California-based Park West Asset Management Llc has invested 1.91% in the stock. Hap Trading Llc, a New York-based fund reported 738,778 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 4 selling transactions for $6.53 million activity.

Scientific Games Corporation (NASDAQ:SGMS) Ratings Coverage

Ratings analysis reveals 75% of Scientific Games’s analysts are positive. Out of 4 Wall Street analysts rating Scientific Games, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $52 while the high is $57. The stock’s average target of $53.50 is 19.42% above today’s ($44.8) share price. SGMS was included in 5 notes of analysts from February 2, 2018. The rating was maintained by Stifel Nicolaus on Thursday, March 1 with “Hold”. As per Friday, February 2, the company rating was maintained by Stifel Nicolaus. As per Friday, March 2, the company rating was maintained by Bank of America.

Scientific Games Corporation (NASDAQ:SGMS) Institutional Positions Chart

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