National Bank of Canada FI Takes $12.03 Million Position in Light & Wonder, Inc. (NASDAQ:LNW)

National Bank of Canada FI bought a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 139,300 shares of the company's stock, valued at approximately $12,033,000. National Bank of Canada FI owned about 0.16% of Light & Wonder as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNW. R Squared Ltd bought a new position in Light & Wonder during the fourth quarter valued at $35,000. Quarry LP purchased a new position in Light & Wonder in the third quarter worth about $51,000. Blue Trust Inc. increased its stake in Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company's stock worth $65,000 after acquiring an additional 474 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Light & Wonder during the third quarter valued at approximately $104,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Light & Wonder in the 3rd quarter valued at approximately $222,000. 88.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Light & Wonder

In related news, CFO Oliver Chow sold 2,595 shares of Light & Wonder stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $104.94, for a total value of $272,319.30. Following the sale, the chief financial officer now directly owns 3,695 shares in the company, valued at approximately $387,753.30. The trade was a 41.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total value of $118,192.12. Following the sale, the chief accounting officer now owns 5,016 shares of the company's stock, valued at $523,720.56. The trade was a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,867 shares of company stock valued at $1,037,884. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on LNW shares. Stifel Nicolaus decreased their price target on Light & Wonder from $104.00 to $93.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. Mizuho lifted their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a research note on Wednesday, February 26th. Macquarie raised their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group raised their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $109.91.

Light & Wonder Price Performance

Shares of NASDAQ:LNW traded down $6.55 during trading on Thursday, reaching $77.27. 279,904 shares of the company's stock traded hands, compared to its average volume of 756,110. The firm has a market cap of $6.53 billion, a PE ratio of 24.04, a P/E/G ratio of 0.35 and a beta of 1.38. 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 quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The company has a 50-day simple moving average of $97.37 and a 200-day simple moving average of $93.89.

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.