Headlands Technologies LLC acquired a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 6,341 shares of the company's stock, valued at approximately $548,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Light & Wonder during the 4th quarter valued at about $35,000. Quarry LP purchased a new position in Light & Wonder in the 3rd quarter worth $51,000. Blue Trust Inc. lifted its stake in shares of Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company's stock valued at $65,000 after acquiring an additional 474 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Light & Wonder in the third quarter valued at approximately $104,000. Finally, Sanctuary Advisors LLC purchased a new stake in Light & Wonder during the 3rd quarter valued at $222,000. 88.08% of the stock is currently owned by institutional investors.
Light & Wonder Price Performance
LNW traded up $6.02 during trading on Wednesday, reaching $83.82. 2,063,946 shares of the company traded hands, compared to its average volume of 757,843. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The firm has a fifty day simple moving average of $97.37 and a 200 day simple moving average of $93.89. Light & Wonder, Inc. has a 12-month low of $75.46 and a 12-month high of $115.00. The company has a market cap of $7.08 billion, a P/E ratio of 26.03, a PEG ratio of 0.35 and a beta of 1.38.
Analyst Ratings Changes
LNW has been the topic of several research analyst reports. Mizuho boosted their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Macquarie increased their price objective on Light & Wonder from $122.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Benchmark boosted their target price on shares of Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Citigroup upgraded shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Light & Wonder presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.91.
View Our Latest Stock Report on Light & Wonder
Insiders Place Their Bets
In other Light & Wonder news, CAO Vanja Kalabic sold 1,132 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now owns 5,016 shares of the company's stock, valued at $523,720.56. This represents a 18.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 in the company, valued at approximately $8,161,513.74. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,867 shares of company stock worth $1,037,884 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.
Light & Wonder Profile
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Free Report)
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.
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