Mercer Global Advisors Inc. ADV Sells 1,873 Shares of SciPlay Co. (NASDAQ:SCPL)

Mercer Global Advisors Inc. ADV reduced its position in SciPlay Co. (NASDAQ:SCPL – Get Rating) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,953 shares of the company’s stock after selling 1,873 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in SciPlay were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new stake in shares of SciPlay in the fourth quarter valued at $329,000. Ritholtz Wealth Management bought a new position in shares of SciPlay in the fourth quarter worth about $342,000. Insight Wealth Strategies LLC grew its holdings in shares of SciPlay by 4.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 38,210 shares of the company’s stock worth $614,000 after purchasing an additional 1,785 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SciPlay by 20.0% in the third quarter. Bank of New York Mellon Corp now owns 39,924 shares of the company’s stock worth $470,000 after purchasing an additional 6,652 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in SciPlay during the 3rd quarter worth about $172,000. Hedge funds and other institutional investors own 17.64% of the company’s stock.

Insiders Place Their Bets

In other SciPlay news, CFO Daniel Oquinn sold 5,900 shares of SciPlay stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $16.75, for a total transaction of $98,825.00. Following the sale, the chief financial officer now owns 2,402 shares of the company’s stock, valued at approximately $40,233.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

SciPlay Stock Performance

SCPL opened at $19.58 on Friday. SciPlay Co. has a 12-month low of $10.60 and a 12-month high of $19.87. The firm has a market capitalization of $2.44 billion, a PE ratio of 19.78 and a beta of 0.40. The firm has a 50 day moving average of $17.19 and a two-hundred day moving average of $16.38.

SciPlay (NASDAQ:SCPL – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. SciPlay had a net margin of 3.36% and a return on equity of 3.87%. The firm had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $177.85 million. As a group, analysts predict that SciPlay Co. will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SCPL shares. Stifel Nicolaus increased their target price on shares of SciPlay from $18.00 to $19.00 in a report on Thursday, May 11th. Truist Financial raised their price target on shares of SciPlay from $17.00 to $18.00 in a report on Thursday, March 2nd. DA Davidson increased their price objective on shares of SciPlay from $20.00 to $23.00 in a research report on Friday, May 19th. Deutsche Bank Aktiengesellschaft lowered shares of SciPlay from a “buy” rating to a “hold” rating and decreased their price objective for the company from $21.00 to $20.00 in a research report on Friday, May 19th. Finally, Craig Hallum lowered shares of SciPlay from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, SciPlay has an average rating of “Hold” and an average price target of $18.20.

SciPlay Company Profile

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SciPlay Corp. engages in the development and commercialization of games. It offers social casino games that include Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, Quick Hit Slots, Monopoly Slots, and 88 Fortunes Slots and casual games, which include Bingo Showdown, and Solitaire Pets Adventure.