SciPlay Sees Unusually High Options Volume (NASDAQ:SCPL)

SciPlay Co. (NASDAQ: SCPLGet a rating) was the target of unusually heavy options trading activity on Wednesday. Traders acquired 41,633 put options on the company. This is a 10,005% increase from the typical daily volume of 412 put options.

Institutional investors weigh in on SciPlay

Several hedge funds have recently changed their positions in the stock. CM Bidwell & Associates Ltd. bought a new position in SciPlay during the first quarter worth approximately $80,000. Lazard Asset Management LLC increased its stake in SciPlay by 102.3% during the second quarter. Lazard Asset Management LLC now owns 6,444 shares of the company worth $90,000 after purchasing 3,258 additional shares during the period. Gabelli Funds LLC bought a new position in SciPlay during the first quarter worth approximately $174,000. Fox Run Management LLC bought a new position in SciPlay during the second quarter worth approximately $187,000. Finally, GW Henssler & Associates Ltd. bought a new position in SciPlay during the second quarter worth approximately $244,000. Institutional investors hold 17.66% of the company’s shares.

SciPlay Action Performance

Shares of NASDAQ: SCPL opened at $14.01 on Wednesday. The company has a market capitalization of $1.79 billion, a P/E ratio of 18.93 and a beta of 0.26. The stock’s 50-day moving average is $12.12 and its 200-day moving average is $12.90. SciPlay has a 52-week low of $10.60 and a 52-week high of $21.42.

SciPlay (NASDAQ: SCPLGet a rating) last reported results on Tuesday, August 9. The company reported earnings per share of $0.23 for the quarter, beating the consensus estimate of $0.22 by $0.01. SciPlay had a net margin of 2.94% and a return on equity of 6.91%. The company posted revenue of $160.10 million in the quarter, compared to $163.62 million expected by analysts. As a group, stock analysts predict that SciPlay will post EPS of 0.95 for the current year.

Wall Street analysts predict growth

A number of equity analysts have weighed in on SCPL shares recently. DA Davidson lowered his price target on SciPlay shares from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, October 10. Deutsche Bank Aktiengesellschaft lowered its price target on SciPlay shares from $17.00 to $16.00 in a Monday, August 8 research report. TheStreet downgraded SciPlay’s shares from a “b-” rating to a “c+” rating in a Tuesday, September 13 research report. Bank of America reissued an “underperforming” rating and set a target price of $10.00 on SciPlay shares in a research report on Tuesday, August 23. Finally, Morgan Stanley lowered its price target on SciPlay shares from $13.50 to $12.50 and set an “equal weight” rating on the stock in a Wednesday, Sept. 7 research report. One investment analyst has assigned the stock a sell rating, two have issued a hold rating and five have assigned the company a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

SciPlay Company Profile

(Get a 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 including Bingo Showdown, Solitaire Pets Adventure and Backgammon Live.

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