296 institutions hold shares in Scientific Games Corporation (SGMS), with 5.59M shares held by insiders accounting for 5.86% while institutional investors hold 94.02% of the company’s shares. The shares outstanding are 95.00M, and float is at 89.25M with Short Float at 7.46%. Institutions hold 88.51% of the Float.
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The top institutional shareholder in the company is Caledonia (Private) Investments Pty Ltd with over 9.38 million shares valued at $389.23 million. The investor’s holdings represent 9.83% of the SGMS Shares outstanding. As of Dec 30, 2020, the second largest holder is Fine Capital Partners, L.P. with 9.11 million shares valued at $378.0 million to account for 9.55% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 7.1 million shares representing 7.44% and valued at over $294.63 million, while Blackrock Inc. holds 6.68% of the shares totaling 6.38 million with a market value of $264.52 million.
Scientific Games Corporation (NASDAQ: SGMS) is -1.47% lower on its value in year-to-date trading and has touched a low of $6.49 and a high of $52.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SGMS stock was last observed hovering at around $40.04 in the last trading session, with the day’s gains setting it 0.84% off its average median price target of $59.00 for the next 12 months. It is also 37.11% off the consensus price target high of $65.00 offered by 9 analysts, but current levels are -16.8% lower than the price target low of $35.00 for the same period.
Currently trading at $40.88, the stock is -5.80% and -8.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 2.10% at the moment leaves the stock 22.35% off its SMA200. SGMS registered 596.42% gain for a year compared to 6-month gain of 12.06%. The firm has a 50-day simple moving average (SMA 50) of $45.21 and a 200-day simple moving average (SMA200) of $40.27.
The stock witnessed a -11.69% loss in the last 1 month and extending the period to 3 months gives it a 3.57%, and is 9.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.58% over the week and 6.54% over the month.
Scientific Games Corporation (SGMS) has around 9000 employees, a market worth around $3.75B and $2.72B in sales. Fwd P/E is 22.40. Profit margin for the company is -20.90%. Distance from 52-week low is 529.74% and -22.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.50%).
Scientific Games Corporation (SGMS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Scientific Games Corporation (SGMS) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.30, where 3 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Scientific Games Corporation is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.45 with sales reaching $715.72M over the same period.The EPS is expected to shrink by -328.50% this year, but quarterly earnings will post 14.90% year-over-year. Quarterly sales are estimated to shrink -1.30% in year-over-year returns.
Scientific Games Corporation (SGMS) Insider Activity
A total of 17 insider transactions have happened at Scientific Games Corporation (SGMS) in the last six months, with sales accounting for 8 and purchases happening 9 times. The most recent transaction is an insider sale by PERELMAN RONALD O, the company’s Former Executive Chairman. SEC filings show that PERELMAN RONALD O sold 1,964,285 shares of the company’s common stock on Oct 12 at a price of $28.00 per share for a total of $55.0 million. Following the sale, the insider now owns 8.87 million shares.
Scientific Games Corporation disclosed in a document filed with the SEC on Oct 07 that PERELMAN RONALD O (Former Executive Chairman) sold a total of 2,499,999 shares of the company’s common stock. The trade occurred on Oct 07 and was made at $28.00 per share for $70.0 million. Following the transaction, the insider now directly holds 10.84 million shares of the SGMS stock.
Still, SEC filings show that on Sep 30, PERELMAN RONALD O (Former Executive Chairman) disposed off 4,700,000 shares at an average price of $28.00 for $131.6 million. The insider now directly holds 13,318,493 shares of Scientific Games Corporation (SGMS).
Scientific Games Corporation (SGMS): Who are the competitors?
The company’s main competitors (and peers) include Churchill Downs Incorporated (CHDN) that is trading 186.74% up over the past 12 months and Penn National Gaming Inc. (PENN) that is 965.40% higher over the same period. Short interest in the company’s stock has risen 7.22% from the last report on Feb 11, 2021 to stand at a total of 6.17 million short shares sold with a short interest ratio of 11.41.