Vanguard Group Now Owns 10.28% of Scientific Games (SGMS)

Written by George Maybach for Fintel

(April 10, 2023) —Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 9.36MM shares of Scientific Games Corp (SGMS). This represents 10.28% of the company.

In their previous filing dated February 9, 2023 they reported 9.24MM shares and 9.87% of the company, an increase in shares of 1.22% and an increase in total ownership of 0.41% (calculated as current – previous percent ownership).

Analyst Price Forecast Suggests 33.71% Upside

As of March 27, 2023, the average one-year price target for Scientific Games is $77.65. The forecasts range from a low of $52.52 to a high of $110.25. The average price target represents an increase of 33.71% from its latest reported closing price of $58.07.

See our leaderboard of companies with the largest price target upside.

What is the Fund Sentiment?

There are 560 funds or institutions reporting positions in Scientific Games. This is an increase of 14 owner(s) or 2.56% in the last quarter. Average portfolio weight of all funds dedicated to SGMS is 0.76%, an increase of 11.22%. Total shares owned by institutions decreased in the last three months by 0.66% to 102,802K shares. The put/call ratio of SGMS is 0.34, indicating a bullish outlook.

American International Group holds 190K shares. In it’s prior filing, the firm reported owning 193K shares, representing a decrease of 1.64%. The firm increased its portfolio allocation in SGMS by 29.02% over the last quarter.

QVMM – Invesco S&P MidCap 400 QVM Multi-factor ETF holds 13K shares. In it’s prior filing, the firm reported owning 12K shares, representing an increase of 8.27%. The firm increased its portfolio allocation in SGMS by 33.24% over the last quarter.

Bank Of America holds 141K shares. In it’s prior filing, the firm reported owning 263K shares, representing a decrease of 85.86%. The firm decreased its portfolio allocation in SGMS by 99.93% over the last quarter.

OHIO NATIONAL FUND INC – ON S&P MidCap 400® Index Portfolio holds 17K shares. In it’s prior filing, the firm reported owning 15K shares, representing an increase of 9.20%. The firm increased its portfolio allocation in SGMS by 24.51% over the last quarter.

FISVX – Fidelity Small Cap Value Index Fund holds 71K shares. In it’s prior filing, the firm reported owning 67K shares, representing an increase of 4.71%. The firm increased its portfolio allocation in SGMS by 28.07% over the last quarter.