Charles Schwab Investment Management Inc. Has $63.56 Million Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Charles Schwab Investment Management Inc. raised its position in Light & Wonder, Inc. (NASDAQ:LNW) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 733,888 shares of the company’s stock after buying an additional 7,544 shares during the period. Charles Schwab Investment Management Inc. owned 0.87% of Light & Wonder worth $63,562,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. increased its stake 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. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Light & Wonder by 0.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,018 shares of the company’s stock worth $1,907,000 after purchasing an additional 133 shares during the last quarter. Simon Quick Advisors LLC lifted its position 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 during the last quarter. KBC Group NV lifted its position in shares of Light & Wonder by 3.8% during the 1st quarter. KBC Group NV now owns 3,746 shares of the company’s stock valued at $324,000 after buying an additional 137 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Light & Wonder by 18.7% during the 1st quarter. US Bancorp DE now owns 1,164 shares of the company’s stock valued at $101,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Insider Buying and Selling at Light & Wonder

In other news, Director Antonia Korsanos purchased 8,065 shares of the business’s stock in a transaction on Sunday, August 10th. The stock was purchased at an average cost of $80.05 per share, with a total value of $645,603.25. Following the acquisition, the director directly owned 22,815 shares in the company, valued at approximately $1,826,340.75. This trade represents a 54.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hamish Mclennan purchased 1,380 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of $87.61 per share, with a total value of $120,901.80. Following the completion of the acquisition, the director owned 6,380 shares in the company, valued at approximately $558,951.80. This trade represents a 27.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,756 shares of company stock valued at $1,421,688 in the last three months. Company insiders own 2.20% of the company’s stock.

Light & Wonder Stock Down 0.5%

Shares of NASDAQ:LNW opened at $88.12 on Friday. The firm has a fifty day moving average price of $92.70 and a two-hundred day moving average price of $91.96. The company has a debt-to-equity ratio of 6.86, a current ratio of 1.77 and a quick ratio of 1.51. Light & Wonder, Inc. has a one year low of $69.56 and a one year high of $115.00. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 0.53 and a beta of 1.21.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.44 by $0.14. Light & Wonder had a net margin of 10.89% and a return on equity of 71.17%. The firm had revenue of $809.00 million during the quarter, compared to the consensus estimate of $851.29 million. During the same period last year, the firm earned $0.90 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts anticipate that Light & Wonder, Inc. will post 4.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut Light & Wonder from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $108.00 to $95.00 in a research report on Thursday, August 7th. Stifel Nicolaus upped their price target on Light & Wonder from $84.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, May 8th. Jefferies Financial Group set a $116.00 price target on Light & Wonder in a research report on Wednesday, June 25th. Benchmark dropped their price target on Light & Wonder from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Macquarie cut their price objective on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.10.

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.