Wealth Enhancement Advisory Services LLC Has $221,000 Stock Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Wealth Enhancement Advisory Services LLC lessened its position in Light & Wonder, Inc. (NASDAQ:LNW) by 44.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,559 shares of the company’s stock after selling 2,069 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Light & Wonder were worth $221,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Centaurus Financial Inc. increased its position in shares of Light & Wonder by 3.3% during the 4th quarter. Centaurus Financial Inc. now owns 3,350 shares of the company’s stock worth $289,000 after purchasing an additional 108 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Light & Wonder by 2.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company’s stock worth $127,198,000 after purchasing an additional 28,358 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Light & Wonder by 13.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,411 shares of the company’s stock worth $20,335,000 after purchasing an additional 28,560 shares during the last quarter. Royal Bank of Canada increased its position in shares of Light & Wonder by 1,752.9% during the 4th quarter. Royal Bank of Canada now owns 157,073 shares of the company’s stock worth $13,568,000 after purchasing an additional 148,596 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Light & Wonder by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 4,131 shares of the company’s stock worth $357,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LNW. Mizuho boosted their price target on Light & Wonder from $80.00 to $84.00 and gave the stock an “underperform” rating in a research report on Thursday, May 8th. Stifel Nicolaus lifted their target price on Light & Wonder from $84.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted 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. Truist Financial reduced their target price on Light & Wonder from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Benchmark reduced their target price on Light & Wonder from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Light & Wonder presently has an average rating of “Moderate Buy” and a consensus target price of $107.00.

Light & Wonder Stock Performance

LNW opened at $84.22 on Tuesday. The business has a fifty day simple moving average of $85.02 and a 200 day simple moving average of $90.66. The company has a market capitalization of $7.11 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 0.35 and a beta of 1.23. Light & Wonder, Inc. has a 1 year low of $75.46 and a 1 year high of $115.00. 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 released its quarterly earnings results on Wednesday, May 7th. The company reported $0.94 earnings per share (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 the consensus estimate of $802.93 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. Research analysts expect that Light & Wonder, Inc. will post 4.3 EPS 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.