KBC Group NV Buys 137 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

KBC Group NV raised its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,746 shares of the company’s stock after acquiring an additional 137 shares during the quarter. KBC Group NV’s holdings in Light & Wonder were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Light & Wonder by 2.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company’s stock worth $387,000 after acquiring an additional 108 shares during the last quarter. Centaurus Financial Inc. increased its stake in shares of Light & Wonder by 3.3% in the fourth quarter. Centaurus Financial Inc. now owns 3,350 shares of the company’s stock worth $289,000 after purchasing an additional 108 shares in the last quarter. Xponance Inc. raised its position in shares of Light & Wonder by 0.7% in the fourth quarter. Xponance Inc. now owns 17,769 shares of the company’s stock valued at $1,535,000 after purchasing an additional 120 shares during the period. Simon Quick Advisors LLC lifted its stake in shares of Light & Wonder by 2.9% during the 1st quarter. Simon Quick Advisors LLC now owns 4,752 shares of the company’s stock valued at $412,000 after buying an additional 136 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Light & Wonder by 6.8% in the 4th quarter. ProShare Advisors LLC now owns 4,131 shares of the company’s stock worth $357,000 after buying an additional 263 shares during the period. 88.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LNW shares. Wall Street Zen raised shares of Light & Wonder from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial dropped their price objective on Light & Wonder from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Benchmark cut 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. Macquarie upped their price target on Light & Wonder from $120.00 to $122.00 and gave the company an “outperform” rating in a research report on Monday, June 16th. Finally, Stifel Nicolaus raised 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.55.

Light & Wonder Stock Performance

Light & Wonder stock opened at $99.45 on Friday. Light & Wonder, Inc. has a fifty-two week low of $75.46 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.35 and a current ratio of 1.57. The stock has a market cap of $8.39 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 0.43 and a beta of 1.23. The firm’s fifty day moving average price is $88.19 and its 200-day moving average price is $90.48.

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

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.