Scientific Games Corporation raising acquisition cash


Laurion Capital Management LP acquired a new stake in shares of Scientific Games Corp during the first quarter worth approximately $215,000. Corporate insiders own 42.03% of the company's stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of Scientific Games Corp during the 1st quarter valued at $120,000. The stock increased 1.46% or $1.06 during the last trading session, reaching $73.8. Ameritas Investment Partners Inc. boosted its holdings in shares of Scientific Games Corp by 13.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the technology company's stock worth $548,000 after purchasing an additional 200 shares during the period. Cetera Advisor Limited Co holds 0.04% or 11,092 shares. Acadian Asset Management LLC bought a new position in shares of Scientific Games Corp during the first quarter worth $8,710,000. Finally, Prudential Financial Inc. increased its stake in shares of Scientific Games Corp by 0.3% in the second quarter.

Scientific Games Corporation (NASDAQ:SGMS) performed nicely this week, continuing its impressive near-term upward movement.

Over the past 50 days, Scientific Games Corporation (NASDAQ:SGMS) stock was 1.62% off of the high and 69.13% removed from the low. The company's market capitalization is $2.02 billion. For the past month, Scientific Games Corporation's stock has been 31.28%, 85.04% for the last quarter, 105.24% for the past six months and 314.46% for the past 52 weeks. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.08. The business had revenue of $725.40 million for the quarter, compared to analyst estimates of $706.74 million.

Las Vegas-based Scientific Games Corporation declared that the 5% senior secured notes, which are expected to be available until October 17, will come due in 2025 and are to be protected "by liens on the same collateral" that underpins its existing credit agreements and a 7% offering that matures in 2022. During the same quarter in the prior year, the firm earned ($0.59) earnings per share.

Analysts expect Citigroup Inc (NYSE:C) to report $1.28 EPS on October, 12 before the open.They anticipate $0.03 EPS change or 2.40% from last quarter's $1.25 EPS. The stock has moved north 8.80% over the past week of trading. The shares were sold at an average price of $38.85, for a total transaction of $2,643,198.60. Following the completion of the transaction, the director now directly owns 7,173 shares of the company's stock, valued at $276,160.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. About 586,244 shares traded or 26.35% up from the average. The hedge fund run by Debra Fine held 4.51 million shares of the edp services company at the end of 2017Q2, valued at $117.83 million, down from 5.85 million at the end of the previous reported quarter. The disclosure for this sale can be found here.

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Scientific Games Corporation (NASDAQ:SGMS) may have great momentum, but how has it been performing relative to the market?

Several research firms recently weighed in on SGMS. JP Morgan maintained Scientific Games Corp (NASDAQ:SGMS) on Friday, September 25 with "Neutral" rating.

Analysts await Scientific Games Corp (NASDAQ:SGMS) to report earnings on November, 1. Telsey Advisory Group increased their price objective on shares of Scientific Games Corp from $13.00 to $20.00 and gave the company a "market perform" rating in a research report on Friday, March 3rd. Finally, Zacks Investment Research lowered shares of Scientific Games Corp from a "buy" rating to a "hold" rating in a research report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. $54.27's average target is -12.74% below currents $62.19 stock price.

Reporting directly to chief executive and president Kevin Sheehan, Dennis will be responsible for elevating the company's brand position, promoting its integrated brands and increasing engagement with customers and players for its content and technology in gaming, interactive and lottery. Its segments include Gaming, Lottery and Interactive.