Russell Investments Group Ltd. decreased its position in Light & Wonder, Inc. (NASDAQ:LNW – Get Rating) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,891 shares of the company’s stock after selling 2,536 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Light & Wonder worth $5,033,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Light & Wonder in the third quarter worth $443,927,000. Vanguard Group Inc. acquired a new stake in shares of Light & Wonder in the third quarter worth $389,375,000. State Street Corp acquired a new stake in shares of Light & Wonder in the third quarter worth $128,003,000. Harvard Management Co. Inc. acquired a new stake in shares of Light & Wonder in the third quarter worth $114,857,000. Finally, Stone House Capital Management LLC acquired a new stake in shares of Light & Wonder in the third quarter worth $104,627,000. Institutional investors own 96.42% of the company’s stock.
Insider Buying and Selling
In other Light & Wonder news, major shareholder Fine Capital Partners, L.P. sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $64.07, for a total transaction of $4,164,550.00. Following the completion of the sale, the insider now directly owns 9,079,617 shares in the company, valued at $581,731,061.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Light & Wonder Stock Performance
Shares of Light & Wonder stock opened at $60.20 on Wednesday. The company has a market capitalization of $5.49 billion, a PE ratio of 1.56 and a beta of 1.79. Light & Wonder, Inc. has a 12 month low of $40.10 and a 12 month high of $68.55. The company has a current ratio of 2.74, a quick ratio of 2.48 and a debt-to-equity ratio of 3.27. The stock’s fifty day simple moving average is $59.33 and its 200 day simple moving average is $61.11.
Light & Wonder (NASDAQ:LNW – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $632.14 million. Light & Wonder had a return on equity of 3.52% and a net margin of 140.65%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.72) EPS. On average, research analysts predict that Light & Wonder, Inc. will post 1.37 EPS for the current year.
Light & Wonder Company Profile
Light & Wonder, Inc engages in the development of technology-based products and services and associated content. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.
- Get a free copy of the StockNews.com research report on Light & Wonder (LNW)
- How to Calculate Stock Growth
- 7 Best Retail Stocks to Invest in
- 3 Home Improvement Stocks to Renovate Your Portfolio
- Beam Global Shines Brightly in the EV Infrastructure Space
- Canoo Bottoms As Production Ramp Gets Closer
Want to see what other hedge funds are holding LNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Light & Wonder, Inc. (NASDAQ:LNW – Get Rating).
Receive News & Ratings for Light & Wonder Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Light & Wonder and related companies with MarketBeat.com's FREE daily email newsletter.