Telsey Advisory Group Increases Scientific Games (NASDAQ:SGMS) Price Target to $54.00

Elias Hubbard
April 23, 2018

Park West Asset Management Llc sold 85,117 shares as the company's stock declined 14.41% with the market. The institutional investor held 13,136 shares of the technology company at the end of 2017Q4, valued at $4.64M, down from 26,591 at the end of the previous reported quarter. Scientific Games Corp (Call) has $4.54B market cap.

SGMS stock opened at $50.00 on Wednesday. The shares were sold at an average price of $46.17, for a total transaction of $2,615,484.33.

On April, 26 is expected Scientific Games Corporation (NASDAQ:SGMS)'s earnings report, RTT reports. SGMS outperformed by 85.00% the S&P500.

Winch Advisory Services Llc decreased its stake in Facebook Inc Com Cl A (FB) by 50.6% based on its latest 2017Q4 regulatory filing with the SEC. Invictus RG now owns 5,301 shares of the technology company's stock valued at $272,000 after buying an additional 3,612 shares in the last quarter. Algert Global LLC now owns 16,764 shares of the technology company's stock valued at $860,000 after purchasing an additional 1,257 shares in the last quarter. Vulcan Value Partners Llc who had been investing in Ituran Location And Control for a number of months, seems to be less bullish one the $673.08 million market cap company. The stock decreased 0.75% or $0.67 during the last trading session, reaching $88.95.

On average, analysts expect that Scientific Games will report full year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from ($0.13) to $0.25. Aflac Incorporated (NYSE:AFL) has risen 21.05% since April 22, 2017 and is uptrending.

Bulldog Investors Llc holds 1.63% of its portfolio in Lazard Global Total Return and Income Fund, Inc. for 332,527 shares.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock.

ILLEGAL ACTIVITY NOTICE: "Scientific Games (NASDAQ:SGMS) Receiving Positive Media Coverage, Accern Reports" was first posted by Macon Daily and is the sole property of of Macon Daily. Analysts forecast $-0.24 earnings per share, which is $0.68 up or 73.91 % from 2017's $-0.92 earnings per share. Inc. boosted its position in shares of Scientific Games Corp by 0.8% in the third quarter.

Investors sentiment decreased to 1.01 in 2017 Q4. For the next year, analysts anticipate that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.47 to $2.80.

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. State Street invested in 1.33M shares. COHEN PETER A also sold $1.23 million worth of Scientific Games Corporation (NASDAQ:SGMS) shares. Raymond James Fincl Services stated it has 8,420 shares or 0% of all its holdings. 8,141 were reported by Profund Ltd Limited Liability Company. The firm has "Sell" rating by Goldman Sachs given on Wednesday, August 19. Following the completion of the sale, the director now owns 42,779 shares in the company, valued at approximately $1,975,106.43. Van Eck Assocs accumulated 11,395 shares. "Buy" rating has 3, "Sell" are 0, while 1 are "Hold". Hancock Holdings holds 44,288 shares or 0.09% of its portfolio. Lord Abbett & owns 658,677 shares. The technology company reported ($0.92) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.74) by $0.18. Deutsche Bankshares Ag owns 0.03% invested in Scientific Games Corporation (NASDAQ:SGMS) for 778,138 shares. Sold All: 4 Reduced: 10 Increased: 7 New Position: 3. Therefore 50% are positive. The company presently has an average rating of "Buy" and a consensus price target of $52.67. The stock has "Buy" rating by Citigroup on Friday, April 1. Scientific Games had 5 analyst reports since February 2, 2018 according to SRatingsIntel. On Thursday, March 1 the rating was maintained by Stifel Nicolaus with "Hold". ValuEngine upgraded Scientific Games from a "hold" rating to a "buy" rating in a research report on Monday, April 2nd. On Friday, September 8 the stock rating was downgraded by Bank of America to "Underperform". Stifel Nicolaus reiterated a "hold" rating and issued a $55.00 price objective on shares of Scientific Games in a research note on Friday, February 2nd. The firm earned "Buy" rating on Tuesday, August 18 by Sterne Agee CRT. Telsey Advisory Group maintained the stock with "Market Perform" rating in Friday, February 26 report. Deutsche Bank maintained the stock with "Hold" rating in Monday, July 24 report. Zacks Investment Research lowered shares of Scientific Games from a "hold" rating to a "sell" rating in a research note on Tuesday, January 23rd. The rating was maintained by Bank of America with "Buy" on Friday, March 2.

The Parallax Volatility Advisers Lp's stake in Spdr Series Trust (Call) (KRE) was increased by 69,300 shares to 232,300 shares valued at $13.67 million in 2017Q4, according to the filing. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,045 shares of the technology company's stock worth $156,000 after purchasing an additional 1,840 shares during the period.

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