Teacher Retirement System of Texas Has $2.07 Million Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Teacher Retirement System of Texas raised its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 29.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,903 shares of the company's stock after purchasing an additional 5,397 shares during the quarter. Teacher Retirement System of Texas' holdings in Light & Wonder were worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Xponance Inc. grew its position in Light & Wonder by 0.7% in the 4th quarter. Xponance Inc. now owns 17,769 shares of the company's stock valued at $1,535,000 after buying an additional 120 shares in the last quarter. Counterpoint Mutual Funds LLC increased its position in shares of Light & Wonder by 34.9% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 3,403 shares of the company's stock valued at $294,000 after purchasing an additional 881 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Light & Wonder by 393.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,554 shares of the company's stock worth $3,589,000 after buying an additional 33,136 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Light & Wonder by 11.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,885 shares of the company's stock valued at $1,890,000 after buying an additional 2,326 shares during the period. Finally, Inceptionr LLC bought a new position in Light & Wonder during the fourth quarter valued at about $261,000. Institutional investors own 88.08% of the company's stock.

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Analysts Set New Price Targets

LNW has been the topic of several recent research reports. Benchmark lifted their price objective on shares of Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. Stifel Nicolaus upped their target price on Light & Wonder from $90.00 to $104.00 and gave the company a "hold" rating in a report on Wednesday, February 19th. Jefferies Financial Group boosted their price objective on Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a report 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 given a strong buy rating to the company. According to data from MarketBeat, Light & Wonder currently has an average rating of "Moderate Buy" and a consensus price target of $110.91.

Light & Wonder Stock Down 2.8 %

Shares of LNW traded down $2.48 during midday trading on Monday, reaching $86.61. 1,253,756 shares of the stock were exchanged, compared to its average volume of 734,162. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 0.35 and a beta of 1.59. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. The firm has a 50 day simple moving average of $98.41 and a 200-day simple moving average of $95.49.

Insider Buying and Selling

In related news, VP James Sottile sold 2,356 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.54, for a total value of $248,652.24. Following the completion of the sale, the vice president now directly owns 77,331 shares in the company, valued at approximately $8,161,513.74. This represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 in the company, valued at approximately $2,239,533.98. This trade represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,867 shares of company stock worth $1,037,884. Insiders own 2.10% of the company's stock.

Light & Wonder 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.