Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Light & Wonder, Inc. (NASDAQ:LNW) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,574 shares of the company’s stock after selling 3,573 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Light & Wonder were worth $4,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LNW. New York State Common Retirement Fund lifted its holdings in shares of Light & Wonder by 0.6% in the 3rd quarter. New York State Common Retirement Fund now owns 36,200 shares of the company’s stock worth $2,582,000 after acquiring an additional 200 shares during the last quarter. Toroso Investments LLC lifted its holdings in shares of Light & Wonder by 3.1% in the 3rd quarter. Toroso Investments LLC now owns 6,772 shares of the company’s stock worth $483,000 after acquiring an additional 206 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Light & Wonder by 1.6% in the 3rd quarter. Natixis Advisors L.P. now owns 14,525 shares of the company’s stock worth $1,036,000 after acquiring an additional 234 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Light & Wonder by 2.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,032 shares of the company’s stock worth $1,072,000 after acquiring an additional 305 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Light & Wonder by 6.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,336 shares of the company’s stock worth $381,000 after acquiring an additional 333 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Light & Wonder Price Performance

Shares of LNW opened at $91.92 on Tuesday. Light & Wonder, Inc. has a twelve month low of $56.01 and a twelve month high of $108.90. The firm’s fifty day simple moving average is $96.88 and its 200-day simple moving average is $86.20. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 52.23 and a beta of 1.78. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 5.04.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). Light & Wonder had a net margin of 5.58% and a return on equity of 23.68%. The firm had revenue of $770.00 million during the quarter, compared to analyst estimates of $748.30 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. Light & Wonder’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts forecast that Light & Wonder, Inc. will post 3.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Macquarie upped their price objective on shares of Light & Wonder from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Mizuho started coverage on shares of Light & Wonder in a report on Tuesday, March 26th. They issued an “underperform” rating and a $83.00 price objective on the stock. Benchmark started coverage on shares of Light & Wonder in a report on Tuesday, January 16th. They set a “buy” rating and a $92.00 target price on the stock. Redburn Atlantic lowered shares of Light & Wonder from a “buy” rating to a “neutral” rating and increased their target price for the stock from $105.00 to $110.00 in a report on Monday, March 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $103.00 target price (up from $97.00) on shares of Light & Wonder in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.75.

Insider Buying and Selling

In related news, VP James Sottile sold 1,549 shares of Light & Wonder stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $101.15, for a total transaction of $156,681.35. Following the sale, the vice president now directly owns 57,478 shares in the company, valued at approximately $5,813,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP James Sottile sold 1,549 shares of Light & Wonder stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $101.15, for a total transaction of $156,681.35. Following the sale, the vice president now directly owns 57,478 shares in the company, valued at approximately $5,813,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Vanja Kalabic sold 1,149 shares of Light & Wonder stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $100.72, for a total transaction of $115,727.28. Following the sale, the chief accounting officer now owns 1,600 shares in the company, valued at $161,152. The disclosure for this sale can be found here. Insiders have sold 7,537 shares of company stock worth $760,427 in the last ninety days. 2.00% of the stock is owned by corporate insiders.

Light & Wonder Profile

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.