Hanseatic Management Services Inc. Has $519,000 Holdings in Scientific Games Corp (SGMS)

Hanseatic Management Services Inc. lowered its stake in Scientific Games Corp (NASDAQ:SGMS) by 79.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,312 shares of the technology company’s stock after selling 43,128 shares during the period. Hanseatic Management Services Inc.’s holdings in Scientific Games Corp were worth $519,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SGMS. Teachers Advisors LLC lifted its position in shares of Scientific Games Corp by 10.1% in the first quarter. Teachers Advisors LLC now owns 94,904 shares of the technology company’s stock worth $2,244,000 after buying an additional 8,675 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Scientific Games Corp by 27.6% during the 1st quarter. Vanguard Group Inc. now owns 5,916,233 shares of the technology company’s stock worth $139,918,000 after purchasing an additional 1,278,837 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Scientific Games Corp by 17.8% during the 1st quarter. Geode Capital Management LLC now owns 462,241 shares of the technology company’s stock worth $10,931,000 after purchasing an additional 69,829 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Scientific Games Corp by 309.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 577,388 shares of the technology company’s stock worth $13,655,000 after purchasing an additional 436,231 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Scientific Games Corp by 157,167.7% during the 1st quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock worth $144,758,000 after purchasing an additional 6,116,966 shares during the last quarter. 62.72% of the stock is owned by institutional investors.

SGMS has been the subject of several research analyst reports. Zacks Investment Research raised Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, July 20th. Stifel Nicolaus boosted their price objective on Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and set a $50.00 price objective (up previously from $38.00) on shares of Scientific Games Corp in a research report on Wednesday, September 20th. Finally, Craig Hallum reissued a “buy” rating and set a $56.00 price objective (up previously from $45.00) on shares of Scientific Games Corp in a research report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Scientific Games Corp has an average rating of “Buy” and an average price target of $42.20.

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Scientific Games Corp (NASDAQ:SGMS) traded up $0.25 during trading on Thursday, reaching $47.40. The company’s stock had a trading volume of 591,700 shares, compared to its average volume of 1,102,161. The company has a quick ratio of 1.45, a current ratio of 1.83 and a debt-to-equity ratio of -4.07. Scientific Games Corp has a 12-month low of $13.65 and a 12-month high of $49.70.

Scientific Games Corp (NASDAQ:SGMS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to analysts’ expectations of $748.56 million. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted ($1.13) earnings per share. analysts expect that Scientific Games Corp will post -2.41 earnings per share for the current fiscal year.

In other Scientific Games Corp news, Director Michael J. Regan sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $46.88, for a total value of $796,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Kennedy sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $48.26, for a total value of $1,930,400.00. Following the completion of the transaction, the director now directly owns 63,551 shares of the company’s stock, valued at approximately $3,066,971.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,384 shares of company stock valued at $9,026,426. Insiders own 40.61% of the company’s stock.

About Scientific Games Corp

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.

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

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