SG Americas Securities LLC Raises Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

SG Americas Securities LLC grew its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 89.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,047 shares of the company’s stock after purchasing an additional 3,800 shares during the period. SG Americas Securities LLC’s holdings in Light & Wonder were worth $697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Light & Wonder by 2.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company’s stock valued at $387,000 after acquiring an additional 108 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of Light & Wonder by 3.3% during the fourth quarter. Centaurus Financial Inc. now owns 3,350 shares of the company’s stock valued at $289,000 after acquiring an additional 108 shares in the last quarter. Xponance Inc. raised its stake in shares of Light & Wonder by 0.7% during the fourth quarter. Xponance Inc. now owns 17,769 shares of the company’s stock valued at $1,535,000 after acquiring an additional 120 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Light & Wonder by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,901 shares of the company’s stock valued at $510,000 after acquiring an additional 146 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Light & Wonder by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock valued at $3,477,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Trading Down 0.9%

Shares of Light & Wonder stock opened at $85.29 on Friday. The stock has a market capitalization of $7.20 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 0.38 and a beta of 1.23. The company has a quick ratio of 1.35, a current ratio of 1.57 and a debt-to-equity ratio of 6.26. The company has a 50-day simple moving average of $85.42 and a 200 day simple moving average of $90.43. Light & Wonder, Inc. has a 12-month low of $75.46 and a 12-month high of $115.00.

Light & Wonder (NASDAQ:LNW) last issued its 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). Light & Wonder had a net margin of 10.45% and a return on equity of 68.41%. The business had revenue of $774.00 million during the quarter, compared to the consensus estimate of $802.93 million. During the same period last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts expect that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Light & Wonder from $84.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, May 8th. Truist Financial cut their target price on shares of Light & Wonder from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Benchmark cut their price target on shares of Light & Wonder from $130.00 to $100.00 and set a “buy” rating for the company in a report on Monday, May 12th. Finally, Mizuho lifted their target price on shares of Light & Wonder from $80.00 to $84.00 and gave the company an “underperform” rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.