SciPlay Co. (NASDAQ:SCPL) Holdings Raised by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its stake in SciPlay Co. (NASDAQ:SCPLGet Rating) by 102.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,444 shares of the company’s stock after buying an additional 3,258 shares during the quarter. Lazard Asset Management LLC’s holdings in SciPlay were worth $90,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new stake in SciPlay in the 1st quarter worth approximately $174,000. GW Henssler & Associates Ltd. purchased a new stake in SciPlay in the 2nd quarter worth approximately $244,000. Watershed Asset Management L.L.C. purchased a new stake in SciPlay in the 2nd quarter worth approximately $270,000. Victory Capital Management Inc. lifted its position in SciPlay by 50.5% in the 1st quarter. Victory Capital Management Inc. now owns 22,042 shares of the company’s stock worth $294,000 after buying an additional 7,401 shares in the last quarter. Finally, Kendall Capital Management increased its stake in shares of SciPlay by 46.7% during the 1st quarter. Kendall Capital Management now owns 24,255 shares of the company’s stock worth $313,000 after purchasing an additional 7,725 shares during the last quarter. Hedge funds and other institutional investors own 17.66% of the company’s stock.

SciPlay Trading Down 0.1 %

NASDAQ:SCPL opened at $15.49 on Thursday. SciPlay Co. has a 1 year low of $10.60 and a 1 year high of $16.80. The firm’s fifty day simple moving average is $13.07 and its 200 day simple moving average is $13.05. The firm has a market capitalization of $1.96 billion, a PE ratio of 22.13 and a beta of 0.36.

SciPlay (NASDAQ:SCPLGet Rating) last posted its earnings results on Wednesday, November 9th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $170.80 million during the quarter, compared to analyst estimates of $167.54 million. SciPlay had a net margin of 2.66% and a return on equity of 6.51%. As a group, analysts anticipate that SciPlay Co. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on SCPL shares. Bank of America restated an “underperform” rating and set a $10.00 price target on shares of SciPlay in a research note on Tuesday, August 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of SciPlay from $17.00 to $16.00 in a research note on Monday, August 8th. Wedbush increased their price target on shares of SciPlay to $20.00 in a research note on Wednesday, November 16th. Craig Hallum upgraded shares of SciPlay from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.00 to $17.00 in a research note on Friday, November 11th. Finally, TheStreet upgraded shares of SciPlay from a “c+” rating to a “b-” rating in a research note on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.25.

About SciPlay

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SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms in North America and internationally. It offers social casino games, such as Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino, as well as casual games comprising Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live.

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Institutional Ownership by Quarter for SciPlay (NASDAQ:SCPL)

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