1,000 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Purchased by CX Institutional

CX Institutional acquired a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,000 shares of the company’s stock, valued at approximately $87,000.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Light & Wonder by 89.5% during the first quarter. SG Americas Securities LLC now owns 8,047 shares of the company’s stock worth $697,000 after buying an additional 3,800 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Light & Wonder by 217.8% in the first quarter. GAMMA Investing LLC now owns 1,265 shares of the company’s stock worth $110,000 after buying an additional 867 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Light & Wonder by 3,861.1% during the first quarter. Farther Finance Advisors LLC now owns 713 shares of the company’s stock worth $63,000 after acquiring an additional 695 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in Light & Wonder during the 1st quarter valued at about $32,843,000. Finally, Versant Capital Management Inc grew its stake in Light & Wonder by 4,783.3% during the 1st quarter. Versant Capital Management Inc now owns 293 shares of the company’s stock valued at $25,000 after acquiring an additional 287 shares in the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on LNW. Truist Financial decreased their target price on shares of Light & Wonder from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Mizuho increased their price target on Light & Wonder from $80.00 to $84.00 and gave the company an “underperform” rating in a report on Thursday, May 8th. Macquarie lifted their price objective on Light & Wonder from $120.00 to $122.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their target price on Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.00.

Light & Wonder Stock Performance

NASDAQ LNW opened at $84.22 on Tuesday. The stock has a fifty day simple moving average of $85.02 and a 200-day simple moving average of $90.66. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The stock has a market cap of $7.11 billion, a PE ratio of 26.16, a P/E/G ratio of 0.35 and a beta of 1.23. Light & Wonder, Inc. has a twelve month low of $75.46 and a twelve month high of $115.00.

Light & Wonder (NASDAQ:LNW) last posted its earnings results on Wednesday, May 7th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.23). Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The company had revenue of $774.00 million during the quarter, compared to analyst estimates of $802.93 million. During the same period in the previous year, the company earned $0.88 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts anticipate that Light & Wonder, Inc. will post 4.3 earnings per share for the current year.

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.