State of Alaska Department of Revenue Has $895,000 Stock Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

State of Alaska Department of Revenue increased its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,345 shares of the company’s stock after purchasing an additional 280 shares during the period. State of Alaska Department of Revenue’s holdings in Light & Wonder were worth $895,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc increased its holdings 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 purchasing an additional 287 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Light & Wonder by 3,861.1% during the 1st quarter. Farther Finance Advisors LLC now owns 713 shares of the company’s stock valued at $63,000 after purchasing an additional 695 shares in the last quarter. CX Institutional acquired a new stake in Light & Wonder during the 1st quarter valued at $87,000. GAMMA Investing LLC increased its holdings in Light & Wonder by 217.8% during the 1st quarter. GAMMA Investing LLC now owns 1,265 shares of the company’s stock valued at $110,000 after purchasing an additional 867 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Light & Wonder during the 4th quarter valued at $224,000. 88.08% of the stock is currently owned by institutional investors.

Light & Wonder Stock Up 1.2%

Shares of Light & Wonder stock opened at $95.65 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.57 and a debt-to-equity ratio of 6.26. Light & Wonder, Inc. has a 12 month low of $75.46 and a 12 month high of $115.00. The business has a fifty day simple moving average of $86.24 and a 200 day simple moving average of $90.21. The stock has a market cap of $8.07 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 0.41 and a beta of 1.23.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings data 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 return on equity of 68.41% and a net margin of 10.45%. The company had revenue of $774.00 million for the quarter, compared to analyst estimates of $802.93 million. During the same period last year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts predict that Light & Wonder, Inc. will post 4.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LNW. Jefferies Financial Group set a $116.00 price target on Light & Wonder in a report on Wednesday. Stifel Nicolaus raised their price target on Light & Wonder from $84.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, May 8th. Benchmark dropped their price target on Light & Wonder from $130.00 to $100.00 and set a “buy” rating for the company in a report on Monday, May 12th. Truist Financial dropped their price target on Light & Wonder from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, Mizuho lifted their target price on Light & Wonder from $80.00 to $84.00 and gave the company an “underperform” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Light & Wonder currently has an average rating of “Moderate Buy” and a consensus target price of $106.55.

Light & Wonder 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.