ING Groep NV lessened its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,000 shares of the company's stock after selling 18,000 shares during the quarter. ING Groep NV owned about 0.65% of Light & Wonder worth $49,409,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC grew its position in Light & Wonder by 590.3% in the 4th quarter. Ieq Capital LLC now owns 20,343 shares of the company's stock valued at $1,757,000 after purchasing an additional 17,396 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Light & Wonder by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 40,250 shares of the company's stock valued at $3,477,000 after buying an additional 200 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Light & Wonder by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,901 shares of the company's stock valued at $510,000 after buying an additional 146 shares during the last quarter. Blue Trust Inc. increased its position in shares of 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 in the last quarter. Finally, Iridian Asset Management LLC CT raised its holdings in shares of Light & Wonder by 94.3% in the 4th quarter. Iridian Asset Management LLC CT now owns 100,192 shares of the company's stock worth $8,655,000 after acquiring an additional 48,621 shares during the last quarter. 88.08% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on LNW. Jefferies Financial Group lifted their price target on Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Benchmark reaffirmed a "buy" rating and set a $114.00 target price on shares of Light & Wonder in a research report on Wednesday. Macquarie upped their price target on Light & Wonder from $117.00 to $122.00 and gave the stock an "outperform" rating in a report on Wednesday. Stifel Nicolaus raised their price objective on Light & Wonder from $90.00 to $104.00 and gave the company a "hold" rating in a research note on Wednesday. Finally, Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned 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.com, Light & Wonder has a consensus rating of "Moderate Buy" and an average price target of $109.25.
Read Our Latest Research Report on LNW
Light & Wonder Stock Performance
Shares of NASDAQ:LNW traded down $3.06 during midday trading on Friday, reaching $101.83. 788,115 shares of the company traded hands, compared to its average volume of 704,774. Light & Wonder, Inc. has a 12 month low of $84.00 and a 12 month high of $115.00. The firm's fifty day moving average price is $89.67 and its two-hundred day moving average price is $96.07. 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 firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 0.36 and a beta of 1.72.
About Light & Wonder
(
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.
Further Reading
Before you consider Light & Wonder, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Light & Wonder wasn't on the list.
While Light & Wonder currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
