Why Michael Winterscheidt Sold 4,420 Stock of Scientific Games (SGMS)?; Kingfisher Capital Decreased Scana (SCG) Holding

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Kingfisher Capital Llc decreased Scana Corporation (SCG) stake by 64.38% reported in 2018Q1 SEC filing. Kingfisher Capital Llc sold 13,049 shares as Scana Corporation (SCG)’s stock declined 10.43%. The Kingfisher Capital Llc holds 7,220 shares with $271,000 value, down from 20,269 last quarter. Scana Corporation now has $5.28B valuation. The stock decreased 1.05% or $0.39 during the last trading session, reaching $36.92. About 1.46M shares traded or 1.45% up from the average. SCANA Corporation (NYSE:SCG) has declined 47.22% since June 19, 2017 and is downtrending. It has underperformed by 59.79% the S&P500. Some Historical SCG News: ; 18/04/2018 – Dominion’s $8 Billion Scana Merger Dealt Another Blow in S.C; 18/04/2018 – SOUTH CAROLINA SENATE PASSES SCANA RATE CUT: AP; 09/05/2018 – South Carolina Electric & Gas Company replaces more than 40 percent of its nuclear project capacity with purchase of natural-gas-fired power plant; 23/05/2018 – S.C. COMMITTEE FAILS TO REACH COMPROMISE ON SCANA RATE CUT; 26/04/2018 – SCANA 1Q OPER REV. $1.18B, EST. $1.25B; 16/03/2018 – SCANA CORP – IN ADDITION, FIRST MORTGAGE BONDS TO BE ISSUED BY SOUTH CAROLINA ELECTRIC & GAS COMPANY; 12/03/2018 SCG: Contractors failed to stop wasting supplies at S.C. nuclear plant site despite warnings. Story by @Andy_Ed_Brown & @thadmoore; 26/04/2018 – SCANA 1Q EPS $1.18; 26/04/2018 – Scana Corp 1Q Rev $1.18B; 15/05/2018 – Magnetar Financial Buys New 2.5% Position in Scana

Investors sentiment increased to 0.95 in Q1 2018. Its up 0.08, from 0.87 in 2017Q4. It increased, as 61 investors sold SCG shares while 125 reduced holdings. 58 funds opened positions while 119 raised stakes. 83.88 million shares or 6.67% less from 89.88 million shares in 2017Q4 were reported. Franklin invested in 0% or 15,366 shares. Alps Incorporated stated it has 1.25M shares or 0.37% of all its holdings. Pinnacle Ptnrs stated it has 5,537 shares or 0.02% of all its holdings. Macquarie Grp Inc, Australia-based fund reported 24,600 shares. 502,242 were reported by Barclays Public Ltd Liability Com. Wellington Mngmt Grp Inc Ltd Liability Partnership invested in 0% or 33,220 shares. Proshare Limited holds 28,900 shares. Hsbc Hldgs Public Ltd accumulated 120,974 shares or 0.01% of the stock. 97,229 were accumulated by Massachusetts Financial Svcs Ma. Da Davidson reported 27,050 shares. Moreover, Magnetar Fincl Limited Liability has 3.44% invested in SCANA Corporation (NYSE:SCG). M&R Cap Mgmt, a New York-based fund reported 1,200 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt owns 0.05% invested in SCANA Corporation (NYSE:SCG) for 97,965 shares. Eaton Vance invested in 17,311 shares or 0% of the stock. Jolley Asset Mgmt Lc invested 0.03% in SCANA Corporation (NYSE:SCG).

Analysts await SCANA Corporation (NYSE:SCG) to report earnings on August, 2. They expect $0.59 earnings per share, down 30.59% or $0.26 from last year’s $0.85 per share. SCG’s profit will be $84.31M for 15.64 P/E if the $0.59 EPS becomes a reality. After $1.18 actual earnings per share reported by SCANA Corporation for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Another recent and important SCANA Corporation (NYSE:SCG) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights Ichor, SCANA, Pattern Energy Group, Arthur J. Gallagher, Premier, and Azul …” on June 15, 2018.

Among 13 analysts covering SCANA (NYSE:SCG), 3 have Buy rating, 3 Sell and 7 Hold. Therefore 23% are positive. SCANA had 36 analyst reports since August 15, 2015 according to SRatingsIntel. Mizuho maintained the stock with “Hold” rating in Thursday, January 4 report. Mizuho maintained the stock with “Buy” rating in Friday, October 28 report. Mizuho maintained SCANA Corporation (NYSE:SCG) rating on Thursday, January 11. Mizuho has “Hold” rating and $46.5 target. The stock has “Buy” rating by Mizuho on Tuesday, June 14. Macquarie Research upgraded the stock to “Outperform” rating in Thursday, October 29 report. The firm has “Buy” rating given on Monday, November 13 by Edward Jones. The stock of SCANA Corporation (NYSE:SCG) has “Hold” rating given on Wednesday, September 27 by Williams Capital Group. The stock has “Neutral” rating by Mizuho on Tuesday, February 14. The rating was maintained by Morgan Stanley on Monday, November 13 with “Underweight”. Mizuho upgraded the stock to “Neutral” rating in Monday, August 28 report.

More important recent Scientific Games Corporation (NASDAQ:SGMS) news were published by: Marketwatch.com which released: “Charting a jagged June breakout attempt, Nasdaq challenges record territory” on June 05, 2018, also Prnewswire.com published article titled: “SG Gaming and Ladbrokes Coral Group Agree Momentous 7-Year Deal”, Investingnews.com published: “Global Daily Fantasy Sports Announces 2018 FIFA World Cup Russia Contest” on June 13, 2018. More interesting news about Scientific Games Corporation (NASDAQ:SGMS) was released by: Streetinsider.com and their article: “Scientific Games (SGMS) to Implement Delaware Lottery Full-Scale Sports Betting Expansion Following PASPA Ruling” with publication date: June 01, 2018.

Sale amounting to close to $250,923 USD was revealed online in a public document submitted to the U.S. Security and Exchange Commission on 18-06-2018. According to which, Michael Winterscheidt, the Chief Accounting Officer of Scientific Games Corp also an insider of the Pinksheet-listed Scientific Games Corp had sold precisely 4,420 shares – ( at $56.8 per each share ). This is not his first insider trade, in the last 30 days, he unloaded another 4,420 shares worth $250,923 USD.

Analysts await Scientific Games Corporation (NASDAQ:SGMS) to report earnings on July, 23. They expect $-0.05 earnings per share, up 88.37% or $0.38 from last year’s $-0.43 per share. After $-0.63 actual earnings per share reported by Scientific Games Corporation for the previous quarter, Wall Street now forecasts -92.06% EPS growth.

Among 10 analysts covering Scientific Games Corp (NASDAQ:SGMS), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Scientific Games Corp has $57 highest and $7.50 lowest target. $36.22’s average target is -36.29% below currents $56.85 stock price. Scientific Games Corp had 25 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Craig Hallum given on Thursday, October 5. As per Tuesday, January 12, the company rating was downgraded by Bank of America. The stock of Scientific Games Corporation (NASDAQ:SGMS) has “Neutral” rating given on Monday, August 24 by Janney Capital. Telsey Advisory Group maintained it with “Market Perform” rating and $10 target in Friday, May 6 report. The company was maintained on Wednesday, August 5 by Deutsche Bank. The rating was initiated by Goldman Sachs on Wednesday, August 19 with “Sell”. Deutsche Bank upgraded Scientific Games Corporation (NASDAQ:SGMS) on Tuesday, September 1 to “Hold” rating. Stifel Nicolaus maintained Scientific Games Corporation (NASDAQ:SGMS) on Thursday, March 1 with “Hold” rating. The rating was maintained by JP Morgan on Friday, September 25 with “Neutral”. The firm has “Hold” rating given on Friday, February 2 by Stifel Nicolaus.

Scientific Games Corporation develops technology services and products, and associated content for the gaming, lottery, and interactive gaming industries worldwide. The company has market cap of $5.16 billion. The Company’s Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals , conversion game kits, and spare parts; and slot, casino, and table-management systems, as well as leases VLTs and electronic table games. It currently has negative earnings. This segment also sells and leases table products, such as shufflers; licenses proprietary table games; and provides installation and support services of casino management systems, including ongoing hardware maintenance and software upgrade services.

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.09, from 1.01 in 2017Q4. It fall, as 26 investors sold Scientific Games Corporation shares while 69 reduced holdings. 35 funds opened positions while 52 raised stakes. 53.71 million shares or 0.40% more from 53.50 million shares in 2017Q4 were reported. Bluestein R H & accumulated 0.01% or 5,400 shares. Wolverine Asset Mngmt Limited Co invested 0.05% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS). Mason Street Advsrs Limited Liability Corporation, Wisconsin-based fund reported 26,660 shares. 1,212 are owned by Retail Bank Of Montreal Can. Amer Century invested 0% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS). Qs Limited Com holds 0.05% or 120,210 shares. Swiss Bank reported 93,400 shares. 15,253 were reported by Bnp Paribas Arbitrage Sa. Hennessy Advsr owns 653,800 shares for 0.91% of their portfolio. Strs Ohio owns 2,700 shares or 0% of their US portfolio. Oregon Pub Employees Retirement Fund holds 0.01% or 19,952 shares in its portfolio. Quantbot Technology Limited Partnership stated it has 2,159 shares or 0.01% of all its holdings. 28,804 are held by Paloma Partners Management. First Tru Advisors Lp holds 0.01% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS) for 95,791 shares. Aperio Grp Limited Com invested 0% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS).

Since March 5, 2018, it had 0 buys, and 9 insider sales for $23.42 million activity. Another trade for 56,649 shares valued at $2.62 million was sold by Isaacs Michael Gavin. COHEN PETER A sold $391,690 worth of stock or 9,500 shares. Kennedy David L sold $2.35 million worth of stock or 40,000 shares. Another trade for 4,420 shares valued at $250,923 was made by Winterscheidt Michael on Thursday, June 14. HADDRILL RICHARD M had sold 40,000 shares worth $2.08 million on Monday, May 7. Another trade for 84,174 shares valued at $5.04 million was made by Mooberry Derik on Wednesday, May 16.

SCANA Corporation (NYSE:SCG) Institutional Positions Chart