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

Yousif Capital Management LLC lowered its position in Light & Wonder, Inc. (NASDAQ:LNW) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,635 shares of the company’s stock after selling 606 shares during the quarter. Yousif Capital Management LLC’s holdings in Light & Wonder were worth $1,527,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Light & Wonder by 3,861.1% in the 1st quarter. Farther Finance Advisors LLC now owns 713 shares of the company’s stock worth $63,000 after buying an additional 695 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Light & Wonder in the 1st quarter worth $32,843,000. GAMMA Investing LLC lifted its holdings in Light & Wonder by 27,428.1% in the 1st quarter. GAMMA Investing LLC now owns 109,562 shares of the company’s stock worth $9,489,000 after buying an additional 109,164 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Light & Wonder by 4,783.3% in the 1st quarter. Versant Capital Management Inc now owns 293 shares of the company’s stock worth $25,000 after buying an additional 287 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Light & Wonder in the 4th quarter worth about $3,365,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Stock Up 2.5%

LNW stock opened at $84.22 on Tuesday. Light & Wonder, Inc. has a 12 month low of $75.46 and a 12 month high of $115.00. The firm 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. The firm has a 50 day simple moving average of $85.02 and a 200 day simple moving average of $90.66. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61.

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

Analyst Ratings Changes

Several research firms have recently weighed in on LNW. Mizuho boosted their target price on shares of Light & Wonder from $80.00 to $84.00 and gave the stock an “underperform” rating in a research report on Thursday, May 8th. Macquarie boosted their target price on shares of Light & Wonder from $120.00 to $122.00 and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus boosted their price objective on shares of Light & Wonder from $84.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, May 8th. Finally, Truist Financial lowered their price objective on shares of Light & Wonder from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.00.

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.