Scientific Games Corp on Focus After Bullish Options Activity

 Scientific Games Corp on Focus After Bullish Options Activity

In today’s session Scientific Games Corp (SGMS) registered an unusually high (6,686) 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 6,686 contracts traded and 68904 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SGMS170120C00016000 closed last at: $0.8 or 5.9% down. About 42,226 shares traded hands. Scientific Games Corp (NASDAQ:SGMS) has risen 33.40% since April 18, 2016 and is uptrending. It has outperformed by 28.97% the S&P500.

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. $18 is the highest target while $7.50 is the lowest. The $11.71 average target is -16.65% below today’s ($14.05) stock price. Scientific Games Corp has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, August 18. Telsey Advisory Group maintained it with “Market Perform” rating and $10 target price in Friday, May 6 report. The firm earned “Sell” rating on Wednesday, August 5 by Deutsche Bank. JP Morgan maintained Scientific Games Corp (NASDAQ:SGMS) rating on Friday, September 25. JP Morgan has “Neutral” rating and $12 price target. The stock has “Buy” rating given by Sterne Agee CRT on Monday, September 21. The firm has “Underperform” rating by Bank of America given on Tuesday, January 12. Telsey Advisory Group maintained Scientific Games Corp (NASDAQ:SGMS) on Friday, February 26 with “Market Perform” rating. The firm has “Neutral” rating by Janney Capital given on Monday, August 24. The rating was initiated by Goldman Sachs with “Sell” on Wednesday, August 19. The firm earned “Hold” rating on Tuesday, September 1 by Deutsche Bank.

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 increased to 1.96 in 2016 Q2. Its up 1.09, from 0.87 in 2016Q1. The ratio increased, 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.
Barclays Public Ltd Com has 0% invested in the company for 175,000 shares. Dimensional Fund Lp, a Texas-based fund reported 14,908 shares. Employees Retirement Association Of Colorado reported 21,130 shares or 0% of all its holdings. Hbk Invs Ltd Partnership holds 0% or 56,890 shares in its portfolio. Renaissance Ltd Liability Corporation accumulated 127,400 shares or 0% of the stock. Spark Inv Mngmt Ltd Limited Liability Company has 536,900 shares for 0.46% of their US portfolio. Huntington Bancshares holds 0% or 500 shares in its portfolio. Fine Capital Prtnrs Limited Partnership owns 8.21M shares or 8.4% of their US portfolio. California Pub Employees Retirement has invested 0% of its portfolio in Scientific Games Corp (NASDAQ:SGMS). Highbridge Mngmt Limited Liability Corporation last reported 0% of its portfolio in the stock. Smithfield Tru reported 900 shares or 0% of all its holdings. Bluefin Trading Ltd Co owns 90,084 shares or 0.08% of their US portfolio. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0% invested in Scientific Games Corp (NASDAQ:SGMS) for 18,500 shares. Goldman Sachs Grp holds 0% or 63,707 shares in its portfolio. D E Shaw last reported 2.10M shares in the company.

Insider Transactions: Since September 16, 2016, the stock had 0 buys, and 1 insider sale for $1.05 million net activity. The insider Kennedy David L sold $1.05 million.

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 $1.21 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 notable 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 with their article: “Why Scientific Games Corp Stock Took a Hit” published on May 06, 2016, Fool.com published: “Why Scientific Games Corp’s Shares Dropped 23% in August” on September 06, 2016. More interesting news about Scientific Games Corp (NASDAQ:SGMS) were released by: Prnewswire.com and their article: “Scientific Games Selected To Provide Expansive Casino Systems Solutions to New …” published on August 01, 2016 as well as Fool.com‘s news article titled: “Scientific Games Corp Stock Falls After New CEO Is Announced” with publication date: August 05, 2016.

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