XY Capital Ltd Lowers Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

XY Capital Ltd reduced its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 62.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,146 shares of the company's stock after selling 22,024 shares during the period. Light & Wonder comprises approximately 0.5% of XY Capital Ltd's holdings, making the stock its 18th largest position. XY Capital Ltd's holdings in Light & Wonder were worth $1,136,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT raised its holdings in 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. R Squared Ltd purchased a new stake in Light & Wonder during the 4th quarter valued at $35,000. KBC Group NV raised its stake in Light & Wonder by 57.3% during the 4th quarter. KBC Group NV now owns 3,609 shares of the company's stock valued at $312,000 after buying an additional 1,315 shares during the last quarter. Blue Trust Inc. raised its stake in Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company's stock valued at $65,000 after buying an additional 474 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Light & Wonder by 2.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company's stock valued at $1,888,000 after buying an additional 458 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LNW shares. Truist Financial decreased their target price on shares of Light & Wonder from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Benchmark reiterated a "buy" rating and set a $114.00 target price on shares of Light & Wonder in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $108.50.

Light & Wonder Price Performance

NASDAQ:LNW traded up $3.33 during trading hours on Thursday, reaching $97.81. The stock had a trading volume of 466,777 shares, compared to its average volume of 636,944. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder, Inc. has a 52 week low of $84.00 and a 52 week high of $115.00. The company has a 50 day moving average price of $88.77 and a two-hundred day moving average price of $96.17. The stock has a market capitalization of $8.64 billion, a PE ratio of 30.38, a PEG ratio of 0.30 and a beta of 1.72.

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.