7,546 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Purchased by Raymond James & Associates

Raymond James & Associates acquired a new position in Light & Wonder, Inc. (NASDAQ:LNW) in the 4th quarter, Holdings Channel reports. The firm acquired 7,546 shares of the company’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also bought and sold shares of LNW. Charles Schwab Investment Management Inc. lifted its holdings in Light & Wonder by 22.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,251,206 shares of the company’s stock worth $89,249,000 after buying an additional 231,631 shares during the period. Barclays PLC lifted its holdings in Light & Wonder by 95.8% in the third quarter. Barclays PLC now owns 168,548 shares of the company’s stock worth $12,021,000 after buying an additional 82,460 shares during the period. Vanguard Group Inc. lifted its holdings in Light & Wonder by 0.5% in the third quarter. Vanguard Group Inc. now owns 9,152,926 shares of the company’s stock worth $652,878,000 after buying an additional 46,751 shares during the period. Stifel Financial Corp purchased a new position in shares of Light & Wonder during the third quarter valued at approximately $2,879,000. Finally, Morgan Stanley lifted its holdings in shares of Light & Wonder by 0.4% during the third quarter. Morgan Stanley now owns 3,251,704 shares of the company’s stock valued at $231,944,000 after purchasing an additional 14,377 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Light & Wonder Trading Down 0.6 %

NASDAQ:LNW opened at $93.55 on Thursday. 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, Inc. has a 12 month low of $56.01 and a 12 month high of $108.90. The company has a market cap of $8.40 billion, a PE ratio of 53.15 and a beta of 1.78. The company has a 50 day simple moving average of $97.48 and a two-hundred day simple moving average of $87.08.

Light & Wonder (NASDAQ:LNW) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.73 earnings per share (EPS) 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 business had revenue of $770.00 million for the quarter, compared to the consensus estimate of $748.30 million. During the same period in the previous year, the firm earned $0.12 EPS. The company’s revenue was up 12.9% on a year-over-year basis. Research analysts forecast that Light & Wonder, Inc. will post 3.78 earnings per share for the current year.

Insider Activity

In other news, CAO Vanja Kalabic sold 1,149 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $100.72, for a total transaction of $115,727.28. Following the completion of the sale, the chief accounting officer now owns 1,600 shares of the company’s stock, valued at approximately $161,152. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Siobhan Lane sold 3,566 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $100.73, for a total transaction of $359,203.18. Following the transaction, the chief executive officer now directly owns 11,302 shares in the company, valued at approximately $1,138,450.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Vanja Kalabic sold 1,149 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $100.72, for a total transaction of $115,727.28. Following the completion of the transaction, 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 sold a total of 7,537 shares of company stock valued at $760,427 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LNW. Mizuho began coverage on shares of Light & Wonder in a report on Tuesday, March 26th. They set an “underperform” rating and a $83.00 target price for the company. 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. Benchmark assumed coverage on shares of Light & Wonder in a report on Tuesday, January 16th. They set a “buy” rating and a $92.00 target price for the company. Truist Financial boosted their price objective on shares of Light & Wonder from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Redburn Atlantic lowered shares of Light & Wonder from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $105.00 to $110.00 in a report on Monday, March 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Light & Wonder has a consensus rating of “Moderate Buy” and a consensus price target of $96.75.

Light & Wonder Company 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.