Light & Wonder, Inc. (NASDAQ:LNW) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,311 shares of the company's stock after buying an additional 3,397 shares during the period. Federated Hermes Inc.'s holdings in Light & Wonder were worth $3,050,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Light & Wonder during the 4th quarter valued at $596,000. Inceptionr LLC acquired a new position in shares of Light & Wonder during the fourth quarter worth about $261,000. AXQ Capital LP boosted its position in shares of Light & Wonder by 94.6% in the fourth quarter. AXQ Capital LP now owns 7,198 shares of the company's stock worth $622,000 after buying an additional 3,500 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Light & Wonder by 29.2% in the fourth quarter. Teacher Retirement System of Texas now owns 23,903 shares of the company's stock worth $2,065,000 after buying an additional 5,397 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Light & Wonder by 107.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 20,528 shares of the company's stock valued at $1,756,000 after buying an additional 10,647 shares in the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Light & Wonder

In other Light & Wonder news, CEO Siobhan Lane sold 3,784 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.37, for a total value of $398,720.08. Following the transaction, the chief executive officer now owns 21,254 shares of the company's stock, valued at $2,239,533.98. This trade represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Vanja Kalabic sold 1,132 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the transaction, the chief accounting officer now directly owns 5,016 shares of the company's stock, valued at $523,720.56. This trade represents a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,867 shares of company stock worth $1,037,884. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LNW has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Mizuho boosted their target price 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. Stifel Nicolaus lowered their price target on shares of Light & Wonder from $104.00 to $93.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. Macquarie boosted their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Finally, Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $109.91.

Light & Wonder Stock Up 2.0 %

Light & Wonder stock traded up $1.60 during midday trading on Friday, hitting $79.96. The stock had a trading volume of 773,992 shares, compared to its average volume of 769,705. The business has a fifty day moving average price of $96.18 and a 200 day moving average price of $93.35. Light & Wonder, Inc. has a 12 month low of $75.46 and a 12 month high of $115.00. The stock has a market cap of $6.75 billion, a P/E ratio of 24.83, a P/E/G ratio of 0.35 and a beta of 1.38. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49.

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.