38.83 % to Target, Telsey Advisory Group Keeps ‘”Outperform”’ Rating on Scientific Games (NASDAQ:SGMS) Shares Today

Scientific Games Corporation (NASDAQ:SGMS) Logo

Investors sentiment increased to 1.28 in Q4 2018. Its up 0.24, from 1.04 in 2018Q3. It improved, as 30 investors sold Scientific Games Corporation shares while 39 reduced holdings. 30 funds opened positions while 58 raised stakes. 55.79 million shares or 4.30% more from 53.49 million shares in 2018Q3 were reported.

The Pennsylvania-based Federated Investors Pa has invested 0.03% in Scientific Games Corporation (NASDAQ:SGMS). Public Employees Retirement Of Ohio accumulated 56,207 shares or 0.01% of the stock. Walleye Trading Ltd Liability stated it has 484,279 shares. Retirement Of Alabama stated it has 0.01% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS). Sylebra Hk Limited accumulated 11.81% or 8.62 million shares. Jane Street Grp Inc Lc stated it has 37,948 shares. Moreover, Commercial Bank Of Ny Mellon Corp has 0% invested in Scientific Games Corporation (NASDAQ:SGMS). Group One Trading Ltd Partnership reported 0.03% stake. Panagora Asset stated it has 0.01% in Scientific Games Corporation (NASDAQ:SGMS). Manufacturers Life Insur The invested 0% in Scientific Games Corporation (NASDAQ:SGMS). Jpmorgan Chase And stated it has 0% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS). Tudor Et Al holds 0% or 13,632 shares. Numerixs Technologies has 0.04% invested in Scientific Games Corporation (NASDAQ:SGMS) for 6,333 shares. Renaissance Techs Ltd Llc has 0% invested in Scientific Games Corporation (NASDAQ:SGMS). New Mexico Educational Retirement Board accumulated 11,065 shares.

Since December 20, 2018, it had 4 insider purchases, and 0 insider sales for $20.96 million activity.

Scientific Games (NASDAQ:SGMS) Rating Reaffirmed

They currently have a $31 TP on Scientific Games (NASDAQ:SGMS). The target price by Telsey Advisory Group would suggest a potential upside of 38.83 % from the company’s current stock price. This has been disclosed in a report on 8 May.

Scientific Games Corporation (NASDAQ:SGMS) Ratings Coverage

Among 3 analysts covering Scientific Games (NASDAQ:SGMS), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Scientific Games has $31 highest and $21 lowest target. $24.67’s average target is 10.48% above currents $22.33 stock price. Scientific Games had 5 analyst reports since November 16, 2018 according to SRatingsIntel. Jefferies downgraded the shares of SGMS in report on Friday, November 16 to “Hold” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, February 22 report. The firm has “Sell” rating by Credit Suisse given on Wednesday, March 20.

The stock increased 18.34% or $3.46 during the last trading session, reaching $22.33. About 3.26 million shares traded or 113.91% up from the average. Scientific Games Corporation (NASDAQ:SGMS) has declined 30.32% since May 8, 2018 and is downtrending. It has underperformed by 34.69% the S&P500.

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 $2.07 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.

More notable recent Scientific Games Corporation (NASDAQ:SGMS) news were published by: Streetinsider.com which released: “Wynn Resorts (WYNN), Scientific Games (SGMS) to Partner to Launch Sports Betting and iGaming in US – StreetInsider.com” on April 16, 2019, also Seekingalpha.com with their article: “Scientific Games’ (SGMS) CEO Barry Cottle on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on November 08, 2018, Seekingalpha.com published: “SciPlay Begins U.S. IPO Effort – Seeking Alpha” on April 09, 2019. More interesting news about Scientific Games Corporation (NASDAQ:SGMS) were released by: Benzinga.com and their article: “SciPlay IPO: What You Need To Know (NASDAQ:SCPL) – Benzinga” published on May 02, 2019 as well as Fool.com‘s news article titled: “Why Scientific Games Corp’s Shares Popped 13% Today – The Motley Fool” with publication date: November 21, 2018.

Scientific Games Corporation (NASDAQ:SGMS) Institutional Positions Chart

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