SciPlay Co. (NASDAQ:SCPL) Short Interest Up 87.8% in April

SciPlay Co. (NASDAQ:SCPLGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,190,000 shares, an increase of 87.8% from the March 31st total of 633,800 shares. Based on an average daily trading volume, of 360,300 shares, the short-interest ratio is presently 3.3 days. Currently, 5.0% of the shares of the stock are short sold.

SCPL opened at $13.36 on Friday. The company’s 50-day moving average price is $12.98 and its 200 day moving average price is $14.54. SciPlay has a fifty-two week low of $10.75 and a fifty-two week high of $22.29. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 17.13 and a beta of 0.32.

SciPlay (NASDAQ:SCPLGet Rating) last issued its earnings results on Tuesday, March 1st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.62. The firm had revenue of $154.40 million for the quarter, compared to the consensus estimate of $154.46 million. SciPlay had a return on equity of 7.79% and a net margin of 3.18%. During the same quarter in the previous year, the company posted $0.18 earnings per share. Equities analysts anticipate that SciPlay will post 1.08 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its stake in shares of SciPlay by 42.1% in the 4th quarter. Lazard Asset Management LLC now owns 3,186 shares of the company’s stock valued at $43,000 after purchasing an additional 944 shares during the period. Aegon Asset Management UK PLC lifted its stake in SciPlay by 2.3% in the 4th quarter. Aegon Asset Management UK PLC now owns 91,864 shares of the company’s stock valued at $1,266,000 after purchasing an additional 2,036 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in SciPlay in the 3rd quarter valued at approximately $44,000. JPMorgan Chase & Co. bought a new position in shares of SciPlay during the fourth quarter valued at $45,000. Finally, Islay Capital Management LLC raised its stake in SciPlay by 46.0% during the fourth quarter. Islay Capital Management LLC now owns 10,410 shares of the company’s stock worth $143,000 after buying an additional 3,278 shares during the last quarter. 16.79% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on SCPL shares. Truist Financial decreased their price target on SciPlay from $18.00 to $14.00 in a report on Thursday, January 20th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of SciPlay from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, March 3rd. DA Davidson upgraded shares of SciPlay from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, March 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of SciPlay in a research note on Tuesday, April 19th. Finally, Zacks Investment Research downgraded shares of SciPlay from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.86.

SciPlay Company Profile (Get Rating)

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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