Lazard Asset Management LLC Increases Holdings in SciPlay Co. (NASDAQ:SCPL)

Lazard Asset Management LLC increased its holdings in shares of SciPlay Co. (NASDAQ:SCPLGet Rating) by 102.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,444 shares of the company’s stock after purchasing an additional 3,258 shares during the period. Lazard Asset Management LLC’s holdings in SciPlay were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SCPL. Gabelli Funds LLC purchased a new stake in SciPlay during the 1st quarter worth $174,000. GW Henssler & Associates Ltd. acquired a new position in SciPlay in the 2nd quarter worth $244,000. Watershed Asset Management L.L.C. acquired a new position in SciPlay in the 2nd quarter worth $270,000. Victory Capital Management Inc. lifted its holdings 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 lifted its holdings in SciPlay by 46.7% in the 1st quarter. Kendall Capital Management now owns 24,255 shares of the company’s stock worth $313,000 after buying an additional 7,725 shares in the last quarter. 17.66% of the stock is owned by hedge funds and other institutional investors.

SciPlay Stock Down 0.1 %

SCPL opened at $15.49 on Thursday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 22.13 and a beta of 0.36. SciPlay Co. has a fifty-two week low of $10.60 and a fifty-two week high of $16.80. The company’s 50-day moving average price is $13.07 and its 200 day moving average price is $13.05.

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

Analysts Set New Price Targets

A number of brokerages have commented on SCPL. Craig Hallum upgraded shares of SciPlay from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $17.00 in a report on Friday, November 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of SciPlay from $17.00 to $16.00 in a report on Monday, August 8th. DA Davidson upped their target price on shares of SciPlay to $18.00 in a research note on Wednesday, November 16th. TheStreet upgraded shares of SciPlay from a “c+” rating to a “b-” rating in a research note on Tuesday, November 15th. Finally, Bank of America restated an “underperform” rating and issued a $10.00 target price on shares of SciPlay in a research note on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

About SciPlay

(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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Institutional Ownership by Quarter for SciPlay (NASDAQ:SCPL)

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