Y Intercept Hong Kong Ltd Purchases Shares of 6,900 Light & Wonder, Inc. (NASDAQ:LNW)

Y Intercept Hong Kong Ltd purchased 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 SEC. The firm purchased 6,900 shares of the company's stock, valued at approximately $596,000.

Several other institutional investors have also modified their holdings of LNW. Allspring Global Investments Holdings LLC acquired a new position in Light & Wonder during the third quarter worth $108,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Light & Wonder in the third quarter valued at $420,000. State of Alaska Department of Revenue raised its stake in shares of Light & Wonder by 5.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,305 shares of the company's stock worth $934,000 after buying an additional 535 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Light & Wonder by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 84,365 shares of the company's stock worth $7,654,000 after buying an additional 719 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Light & Wonder by 6.0% in the 3rd quarter. QRG Capital Management Inc. now owns 10,646 shares of the company's stock worth $966,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company's stock.

Wall Street Analyst Weigh In

LNW has been the subject of a number of research reports. Macquarie lifted their target price on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Benchmark raised their price target on Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Mizuho upped their price objective on Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a research report on Wednesday, February 26th. Citigroup upgraded Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group upped their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $110.83.

Remove Ads

Light & Wonder Trading Up 1.7 %

NASDAQ:LNW traded up $1.84 during trading hours on Wednesday, reaching $108.44. 525,945 shares of the company were exchanged, compared to its average volume of 736,227. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 0.35 and a beta of 1.72. The stock has a 50 day simple moving average of $92.88 and a 200 day simple moving average of $96.32. Light & Wonder, Inc. has a 52-week low of $84.00 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61.

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.