Light & Wonder, Inc. (NASDAQ:LNW) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC raised its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 45.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,052 shares of the company's stock after acquiring an additional 90,117 shares during the quarter. Clearbridge Investments LLC owned 0.33% of Light & Wonder worth $24,882,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Light & Wonder in the 4th quarter worth $596,000. Inceptionr LLC purchased a new position in Light & Wonder in the fourth quarter valued at about $261,000. AXQ Capital LP grew its stake in Light & Wonder by 94.6% during the 4th quarter. AXQ Capital LP now owns 7,198 shares of the company's stock valued at $622,000 after purchasing an additional 3,500 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Light & Wonder by 29.2% during the 4th quarter. Teacher Retirement System of Texas now owns 23,903 shares of the company's stock worth $2,065,000 after purchasing an additional 5,397 shares during the last quarter. Finally, Main Management ETF Advisors LLC purchased a new position in shares of Light & Wonder during the 3rd quarter valued at approximately $774,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total transaction of $118,192.12. Following the sale, the chief accounting officer now owns 5,016 shares of the company's stock, valued at approximately $523,720.56. The trade was a 18.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP James Sottile sold 2,356 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.54, for a total value of $248,652.24. Following the completion of the transaction, the vice president now directly owns 77,331 shares of the company's stock, valued at $8,161,513.74. This trade represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,867 shares of company stock valued at $1,037,884. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Light & Wonder Stock Performance

LNW traded down $4.22 during trading on Friday, reaching $79.78. 1,412,453 shares of the company were exchanged, compared to its average volume of 746,526. Light & Wonder, Inc. has a 52 week low of $75.46 and a 52 week high of $115.00. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The firm has a 50 day moving average of $98.14 and a 200 day moving average of $94.76. The stock has a market cap of $6.74 billion, a P/E ratio of 24.78, a PEG ratio of 0.35 and a beta of 1.38.

Light & Wonder Company 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.