Wintrust Financial (WTFC) Reaches $93.98 52-Week High; Nantahala Capital Management Decreased Scientific Games (Call) (SGMS) Stake

May 18, 2018 - By Orlando Nugent

Scientific Games Corporation (NASDAQ:SGMS) Logo

The stock of Wintrust Financial Corporation (NASDAQ:WTFC) hit a new 52-week high and has $100.56 target or 7.00% above today’s $93.98 share price. The 8 months bullish chart indicates low risk for the $5.29B company. The 1-year high was reported on May, 18 by Barchart.com. If the $100.56 price target is reached, the company will be worth $370.23 million more. The stock decreased 0.81% or $0.77 during the last trading session, reaching $93.98. About 118,169 shares traded. Wintrust Financial Corporation (NASDAQ:WTFC) has risen 23.71% since May 18, 2017 and is uptrending. It has outperformed by 12.16% the S&P500.

Nantahala Capital Management Llc decreased Scientific Games Corp (Call) (SGMS) stake by 25.03% reported in 2017Q4 SEC filing. Nantahala Capital Management Llc sold 786,000 shares as Scientific Games Corp (Call) (SGMS)’s stock declined 14.41%. The Nantahala Capital Management Llc holds 2.35 million shares with $120.76M value, down from 3.14 million last quarter. Scientific Games Corp (Call) now has $5.44B valuation. The stock increased 0.42% or $0.25 during the last trading session, reaching $59.95. About 318,274 shares traded. Scientific Games Corporation (NASDAQ:SGMS) has risen 96.55% since May 18, 2017 and is uptrending. It has outperformed by 85.00% the S&P500.

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 had 25 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Scientific Games Corporation (NASDAQ:SGMS) earned “Hold” rating by Deutsche Bank on Monday, July 24. The firm has “Hold” rating given on Friday, February 2 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, March 2 by Bank of America. The stock has “Market Perform” rating by Telsey Advisory Group on Friday, February 26. The rating was upgraded by Bank of America to “Buy” on Thursday, January 26. The company was maintained on Monday, August 24 by Janney Capital. The stock of Scientific Games Corporation (NASDAQ:SGMS) has “Buy” rating given on Tuesday, August 18 by Sterne Agee CRT. The firm earned “Market Perform” rating on Friday, May 6 by Telsey Advisory Group. The stock of Scientific Games Corporation (NASDAQ:SGMS) earned “Neutral” rating by Macquarie Research on Friday, December 16. The company was maintained on Monday, September 21 by Sterne Agee CRT.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.36, from 1.37 in 2017Q3. It is negative, as 17 investors sold SGMS shares while 67 reduced holdings. 30 funds opened positions while 55 raised stakes. 53.50 million shares or 1.28% more from 52.82 million shares in 2017Q3 were reported. Arizona-based Tci Wealth Advsr Incorporated has invested 0.01% in Scientific Games Corporation (NASDAQ:SGMS). Bnp Paribas Arbitrage Sa holds 22,052 shares or 0% of its portfolio. 74 are owned by Gemmer Asset Management Ltd Liability Corp. The New York-based Tower Cap Lc (Trc) has invested 0% in Scientific Games Corporation (NASDAQ:SGMS). Ahl Partners Llp accumulated 26,949 shares. Massachusetts-based Par Mgmt has invested 0.03% in Scientific Games Corporation (NASDAQ:SGMS). Hap Trading Limited Company owns 738,778 shares. Parallax Volatility Advisers Lp holds 0% or 8,106 shares. Arizona State Retirement owns 88,892 shares. Amer Interest Grp Inc holds 0.01% or 42,285 shares. Alpha Windward Ltd Co invested 0.01% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS). 210 were reported by Us Natl Bank De. Principal Grp invested in 0.02% or 402,099 shares. Highbridge Mgmt owns 8,700 shares for 0.01% of their portfolio. State Of Tennessee Treasury Department holds 0.01% or 41,328 shares in its portfolio.

Since March 5, 2018, it had 0 buys, and 7 selling transactions for $18.13 million activity. On Monday, March 5 the insider COHEN PETER A sold $1.23M. Kennedy David L had sold 40,000 shares worth $2.35 million. Isaacs Michael Gavin also sold $2.62 million worth of Scientific Games Corporation (NASDAQ:SGMS) shares. HADDRILL RICHARD M also sold $2.08 million worth of Scientific Games Corporation (NASDAQ:SGMS) shares.

More notable recent Scientific Games Corporation (NASDAQ:SGMS) news were published by: Investorplace.com which released: “The 5 Best Charts in the Market Right Now” on May 18, 2018, also Nasdaq.com with their article: “Why Shares of Scientific Games Corp Popped 15% Today” published on May 14, 2018, Seekingalpha.com published: “More sports betting gainers” on May 14, 2018. More interesting news about Scientific Games Corporation (NASDAQ:SGMS) were released by: Nasdaq.com and their article: “Report: Exploring Fundamental Drivers Behind East West, Southern Copper, UBS Group AG, Scientific Games, Leidos …” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “All eyes on sports betting plays” with publication date: May 15, 2018.

Nantahala Capital Management Llc increased Elevate Credit Inc stake by 936,144 shares to 1.53M valued at $11.54 million in 2017Q4. It also upped Sears Hometown & Outlet Stor (NASDAQ:SHOS) stake by 570,600 shares and now owns 2.15M shares. Global Eagle Entmt Inc (NASDAQ:ENT) was raised too.

Analysts await Scientific Games Corporation (NASDAQ:SGMS) to report earnings on July, 23. They expect $-0.08 earnings per share, up 81.40% or $0.35 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 -87.30% EPS growth.

Among 13 analysts covering Wintrust Financial (NASDAQ:WTFC), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Wintrust Financial has $10200 highest and $46 lowest target. $85.58’s average target is -8.94% below currents $93.98 stock price. Wintrust Financial had 50 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Wintrust Financial Corporation (NASDAQ:WTFC) has “Hold” rating given on Monday, April 23 by Hovde Group. SunTrust maintained Wintrust Financial Corporation (NASDAQ:WTFC) rating on Thursday, October 19. SunTrust has “Hold” rating and $79.0 target. The firm has “Hold” rating by Piper Jaffray given on Tuesday, April 17. The stock has “Hold” rating by FIG Partners on Monday, March 12. FIG Partners upgraded the shares of WTFC in report on Friday, February 9 to “Buy” rating. The rating was maintained by Sandler O’Neill on Tuesday, January 23 with “Hold”. The rating was maintained by Keefe Bruyette & Woods on Monday, August 21 with “Buy”. The firm has “Hold” rating by Piper Jaffray given on Wednesday, January 24. The stock of Wintrust Financial Corporation (NASDAQ:WTFC) earned “Hold” rating by SunTrust on Sunday, November 5. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

More recent Wintrust Financial Corporation (NASDAQ:WTFC) news were published by: Globenewswire.com which released: “Wintrust Financial Corporation Announces Cash Dividend” on April 26, 2018. Also Globenewswire.com published the news titled: “Wintrust Financial Corporation Announces Plans to Acquire Delaware Place Bank” on May 02, 2018. Seekingalpha.com‘s news article titled: “Wintrust Financial’s (WTFC) CEO Edward Wehmer on Q1 2018 Results – Earnings Call Transcript” with publication date: April 21, 2018 was also an interesting one.

Investors sentiment decreased to 1.25 in 2017 Q4. Its down 0.38, from 1.63 in 2017Q3. It turned negative, as 14 investors sold Wintrust Financial Corporation shares while 92 reduced holdings. 42 funds opened positions while 91 raised stakes. 49.58 million shares or 1.16% less from 50.16 million shares in 2017Q3 were reported. Vanguard Group Inc Inc Inc reported 4.77 million shares or 0.02% of all its holdings. State Of Wisconsin Invest Board invested 0.02% in Wintrust Financial Corporation (NASDAQ:WTFC). Gemmer Asset Mgmt Llc has invested 0% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Lpl Fincl Ltd Company stated it has 0% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Credit Agricole S A accumulated 0.3% or 54,899 shares. Massachusetts Svcs Communications Ma has invested 0.06% in Wintrust Financial Corporation (NASDAQ:WTFC). United Financial Advisers Limited Co has 0% invested in Wintrust Financial Corporation (NASDAQ:WTFC). Commercial Bank Of Mellon owns 766,712 shares. 2,654 are owned by Meeder Asset Mgmt. Acadian Asset Management Lc invested 0% in Wintrust Financial Corporation (NASDAQ:WTFC). Eaton Vance Mngmt holds 150,914 shares or 0.03% of its portfolio. The Colorado-based Advsr Asset Mgmt Inc has invested 0.01% in Wintrust Financial Corporation (NASDAQ:WTFC). Susquehanna Grp Inc Llp holds 0% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC) for 3,843 shares. Ameritas Inv Prtn Incorporated owns 21,377 shares. Eagle Asset Mngmt Incorporated stated it has 0.01% in Wintrust Financial Corporation (NASDAQ:WTFC).

Since January 29, 2018, it had 1 buying transaction, and 5 insider sales for $4.35 million activity. Another trade for 17,432 shares valued at $1.53M was sold by MURPHY RICHARD B. WEHMER EDWARD J sold 14,173 shares worth $1.24 million. $29,895 worth of Wintrust Financial Corporation (NASDAQ:WTFC) shares were bought by SWEENEY GARY D. DYKSTRA DAVID A sold $983,737 worth of Wintrust Financial Corporation (NASDAQ:WTFC) on Monday, January 29. 5,268 shares were sold by STOEHR DAVID L, worth $461,424.

Analysts await Wintrust Financial Corporation (NASDAQ:WTFC) to report earnings on July, 17. They expect $1.45 EPS, up 30.63% or $0.34 from last year’s $1.11 per share. WTFC’s profit will be $81.60M for 16.20 P/E if the $1.45 EPS becomes a reality. After $1.40 actual EPS reported by Wintrust Financial Corporation for the previous quarter, Wall Street now forecasts 3.57% EPS growth.

Wintrust Financial Corporation, a financial holding company, provides banking and other financial services and products to clients in the Chicago metropolitan area and in southern Wisconsin. The company has market cap of $5.29 billion. It operates in three divisions: Community Banking, Specialty Finance, and Wealth Management. It has a 21.35 P/E ratio. The Community Banking segment offers personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional customers.

Scientific Games Corporation (NASDAQ:SGMS) Institutional Positions Chart

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