Insight Wealth Strategies LLC Acquires Shares of 36,397 SciPlay Co. (NASDAQ:SCPL)

Insight Wealth Strategies LLC acquired a new stake in SciPlay Co. (NASDAQ:SCPL) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 36,397 shares of the company’s stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Colony Group LLC boosted its holdings in SciPlay by 0.4% in the 4th quarter. Colony Group LLC now owns 114,069 shares of the company’s stock valued at $1,580,000 after purchasing an additional 498 shares in the last quarter. Exane Derivatives purchased a new stake in SciPlay in the 1st quarter valued at approximately $29,000. Principal Financial Group Inc. boosted its holdings in SciPlay by 8.3% in the 1st quarter. Principal Financial Group Inc. now owns 55,121 shares of the company’s stock valued at $892,000 after purchasing an additional 4,216 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in SciPlay by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 63,544 shares of the company’s stock valued at $880,000 after purchasing an additional 5,165 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in SciPlay in the 4th quarter valued at approximately $88,000. 16.79% of the stock is currently owned by institutional investors.

Shares of SciPlay stock opened at $17.88 on Friday. SciPlay Co. has a 1 year low of $11.76 and a 1 year high of $21.74. The firm has a market cap of $2.29 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.25 and a beta of 0.39. The stock’s 50 day moving average is $17.15.

SciPlay (NASDAQ:SCPL) last issued its quarterly earnings results on Sunday, May 9th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). SciPlay had a net margin of 3.54% and a return on equity of 5.31%. As a group, analysts expect that SciPlay Co. will post 0.94 earnings per share for the current year.

Several brokerages have recently commented on SCPL. Macquarie boosted their price target on SciPlay from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 2nd. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft boosted their price target on SciPlay from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, February 18th. Bank of America lowered SciPlay from a “buy” rating to an “underperform” rating and boosted their price target for the stock from $17.00 to $20.00 in a research note on Wednesday, February 17th. Zacks Investment Research lowered SciPlay from a “hold” rating to a “sell” rating in a research note on Wednesday, May 26th. Finally, KeyCorp lifted their price objective on SciPlay from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $19.61.

SciPlay Company Profile

SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms worldwide. It offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.

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Institutional Ownership by Quarter for SciPlay (NASDAQ:SCPL)

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