Bank of Montreal Can Buys 1,099 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Bank of Montreal Can lifted its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,818 shares of the company’s stock after purchasing an additional 1,099 shares during the quarter. Bank of Montreal Can’s holdings in Light & Wonder were worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Light & Wonder in the fourth quarter worth $596,000. Inceptionr LLC bought a new stake in Light & Wonder in the 4th quarter worth about $261,000. AXQ Capital LP raised its position in Light & Wonder by 94.6% in the 4th quarter. AXQ Capital LP now owns 7,198 shares of the company’s stock worth $622,000 after buying an additional 3,500 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Light & Wonder by 29.2% during the 4th quarter. Teacher Retirement System of Texas now owns 23,903 shares of the company’s stock valued at $2,065,000 after acquiring an additional 5,397 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Light & Wonder by 107.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 20,528 shares of the company’s stock valued at $1,756,000 after acquiring an additional 10,647 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.

Insider Buying and Selling

In related news, CEO Siobhan Lane sold 3,784 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.37, for a total transaction of $398,720.08. Following the completion of the transaction, the chief executive officer now owns 21,254 shares in the company, valued at approximately $2,239,533.98. This represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total transaction of $118,192.12. Following the completion of the sale, the chief accounting officer now owns 5,016 shares in the company, valued at approximately $523,720.56. This represents a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,867 shares of company stock valued at $1,037,884. Company insiders own 2.10% of the company’s stock.

Light & Wonder Price Performance

Shares of NASDAQ:LNW opened at $79.96 on Friday. The firm’s 50 day simple moving average is $95.90 and its two-hundred day simple moving average is $93.33. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The company has a market capitalization of $6.75 billion, a P/E ratio of 24.83, a P/E/G ratio of 0.35 and a beta of 1.38. Light & Wonder, Inc. has a 1-year low of $75.46 and a 1-year high of $115.00.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Macquarie boosted their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Light & Wonder from $104.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday, April 3rd. Mizuho lifted their price objective on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a report on Wednesday, February 26th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group boosted their price target on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $109.91.

Light & Wonder Company Profile

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.