A Director at Scientific Games (NASDAQ: SGMS) is Selling Shares

By Carrie Williams

Today, a Director at Scientific Games (NASDAQ: SGMS), David L. Kennedy, sold shares of SGMS for $894K.

Following David L. Kennedy’s last SGMS Sell transaction on September 16, 2016, the stock climbed by 3.8%. In addition to David L. Kennedy, one other SGMS executive reported Sell trades in the last month.

Based on Scientific Games ‘s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $720 million and GAAP net loss of $98.9 million. In comparison, last year the company earned revenue of $672 million and had a GAAP net loss of $678 million. The company has a one year high of $14.75 and a one year low of $4.56. Currently, Scientific Games has an average volume of 579.3K.

Three different firms, including Merrill Lynch and Deutsche Bank, currently also have a Sell rating on the stock.

The insider sentiment on Scientific Games has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Scientific Games Corp. supplies technology based products and services to the gaming and lottery industries. Its portfolio includes instant and draw-based lottery games; gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive products and services. The company operates its business through three segments: Gaming, Lottery and Interactive. The Interactive business segment is comprised solely of their instant products operating segment, which provides instant lottery games and related value-added services, as well as licensed brands that are printed on instant lottery games and other promotional lottery products. The Lottery Systems business segment is comprised solely of their lottery systems operating segment, which provides products and services generally comprised of a central system, customized computer software, data communication services, support and/or related equipment to lottery operators. The Gaming business segment includes their gaming operating segment, which generally sells new and used gaming machines, conversion kits and parts, and leases or otherwise provides gaming machines, server-based systems and content, to commercial, tribal and governmental gaming operators. Scientific Games was founded on July 2, 1984 and is headquartered in Las Vegas, NV.