Today Scientific Games Corp Had High Bullish Options Activity

 Today Scientific Games Corp Had High Bullish Options Activity

In today’s session Scientific Games Corp (SGMS) registered an unusually high (3,014) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SGMS increase. With 3,014 contracts traded and 17774 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SGMS170120C00016000 closed last at: $0.75 or 11.8% down. About 181,377 shares traded hands. Scientific Games Corp (NASDAQ:SGMS) has risen 30.37% since March 14, 2016 and is uptrending. It has outperformed by 24.76% the S&P500.

Analysts await Scientific Games Corp (NASDAQ:SGMS) to report earnings on November, 14. They expect $-0.88 earnings per share, down 3.53% or $0.03 from last year’s $-0.85 per share. After $-0.59 actual earnings per share reported by Scientific Games Corp for the previous quarter, Wall Street now forecasts 49.15% negative EPS growth.

Scientific Games Corp (NASDAQ:SGMS) Ratings Coverage

Out of 7 analysts covering Scientific Games Corp (NASDAQ:SGMS), 2 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 29% are positive. Scientific Games Corp has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, May 6 report. As per Monday, September 21, the company rating was maintained by Sterne Agee CRT. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, February 26. The company was initiated on Wednesday, August 19 by Goldman Sachs. The firm earned “Neutral” rating on Friday, September 25 by JP Morgan. Bank of America downgraded the shares of SGMS in a report on Tuesday, January 12 to “Underperform” rating. The company was initiated on Tuesday, August 18 by Sterne Agee CRT. The stock of Scientific Games Corp (NASDAQ:SGMS) has “Neutral” rating given on Monday, August 24 by Janney Capital. Deutsche Bank maintained it with “Sell” rating and $10 target price in Wednesday, August 5 report. The stock of Scientific Games Corp (NASDAQ:SGMS) earned “Hold” rating by Deutsche Bank on Tuesday, September 1.

According to Zacks Investment Research, “Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries, and the leading supplier of wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games’ customers are in the United States and more than 60 other countries.”

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.46, from 1.33 in 2016Q1. The ratio dropped, as 26 funds sold all Scientific Games Corp shares owned while 43 reduced positions. 19 funds bought stakes while 41 increased positions. They now own 50.79 million shares or 10.20% less from 56.56 million shares in 2016Q1.
California State Teachers Retirement Sys last reported 108,908 shares in the company. Gp has 0% invested in the company for 38,436 shares. Moreover, Cowen Gp Incorporated Inc has 0.17% invested in Scientific Games Corp (NASDAQ:SGMS) for 266,434 shares. Teachers Retirement Sys Of The State Of Kentucky has 0% invested in the company for 18,500 shares. Moreover, Envestnet Asset has 0% invested in Scientific Games Corp (NASDAQ:SGMS) for 2,973 shares. Profund Advisors Ltd has 0.01% invested in the company for 11,830 shares. Pnc Gru Inc accumulated 330 shares or 0% of the stock. Ameriprise Fincl owns 243,934 shares or 0% of their US portfolio. Panagora Asset has 35,091 shares for 0% of their US portfolio. Dimensional Fund Advsr Ltd Partnership has invested 0% of its portfolio in Scientific Games Corp (NASDAQ:SGMS). Goldman Sachs Gru Inc last reported 63,707 shares in the company. State Street Corporation has invested 0% of its portfolio in Scientific Games Corp (NASDAQ:SGMS). Ubs Asset Mgmt Americas owns 24,598 shares or 0% of their US portfolio. Employees Retirement Association Of Colorado accumulated 21,130 shares or 0% of the stock. Huntington Savings Bank holds 0% or 500 shares in its portfolio.

Insider Transactions: Since September 16, 2016, the stock had 0 buys, and 1 sale for $1.05 million net activity. 100,000 shares were sold by Kennedy David L, worth $1.05M on Friday, September 16.

Scientific Games Corporation is a developer of technology services and products, and associated content for the gaming, lottery and interactive gaming industries. The company has a market cap of $1.15 billion. The Firm operates through three divisions: Gaming, Lottery and Interactive. It currently has negative earnings. The Company’s portfolio includes gaming machines and game content, casino management systems, table game services and products, instant and draw lottery games, server gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.

SGMS Company Profile

Scientific Games Corporation, incorporated on July 2, 1984, is a developer of technology‑based services and products, and associated content for the gaming, lottery and interactive gaming industries. The Firm operates through three divisions: Gaming, Lottery and Interactive. The Company’s portfolio includes gaming machines and game content, casino management systems, table game services and products, 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.

More important recent Scientific Games Corp (NASDAQ:SGMS) news were published by: Fool.com which released: “Scientific Games Corp Jumps As It Looks to Unlock Growth in Its Interactive …” on September 07, 2016, also Fool.com published article titled: “Why Scientific Games Corp’s Shares Dropped 23% in August”, Fool.com published: “Scientific Games Corp Stock Falls After New CEO Is Announced” on August 05, 2016. More interesting news about Scientific Games Corp (NASDAQ:SGMS) was released by: Prnewswire.com and their article: “Scientific Games Selected To Provide Expansive Casino Systems Solutions to New …” with publication date: August 01, 2016.

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