Loomis Sayles & Co. L P Has $16.56 Million Stock Position in Light & Wonder, Inc. (NASDAQ:LNW)

Loomis Sayles & Co. L P cut its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 49.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,669 shares of the company's stock after selling 184,520 shares during the period. Loomis Sayles & Co. L P owned about 0.22% of Light & Wonder worth $16,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Light & Wonder by 28.7% during the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company's stock valued at $131,745,000 after purchasing an additional 324,088 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Light & Wonder in the third quarter worth $25,277,000. Barclays PLC grew its position in shares of Light & Wonder by 539.6% during the third quarter. Barclays PLC now owns 155,852 shares of the company's stock valued at $14,142,000 after purchasing an additional 131,486 shares in the last quarter. Vanguard Group Inc. increased its stake in Light & Wonder by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,492,524 shares of the company's stock worth $733,584,000 after acquiring an additional 100,527 shares during the last quarter. Finally, State Street Corp grew its position in Light & Wonder by 2.2% in the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company's stock valued at $240,582,000 after acquiring an additional 56,890 shares during the last quarter. 88.08% of the stock is owned by institutional investors.

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Insider Buying and Selling at Light & Wonder

In related news, 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 of the company's stock, valued at $8,161,513.74. This represents a 2.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Oliver Chow sold 2,595 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $104.94, for a total value of $272,319.30. Following the transaction, the chief financial officer now owns 3,695 shares of the company's stock, valued at $387,753.30. This trade represents a 41.26 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,867 shares of company stock worth $1,037,884. 2.10% of the stock is owned by insiders.

Light & Wonder Stock Up 4.5 %

Shares of Light & Wonder stock traded up $3.92 on Wednesday, hitting $91.79. 454,229 shares of the company's stock traded hands, compared to its average volume of 735,094. Light & Wonder, Inc. has a 52-week low of $84.00 and a 52-week high of $115.00. 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 stock has a market cap of $7.75 billion, a P/E ratio of 28.59, a PEG ratio of 0.35 and a beta of 1.59. The firm's 50-day moving average is $98.34 and its 200 day moving average is $95.32.

Analysts Set New Price Targets

LNW has been the subject of several research reports. Benchmark upped their price target on shares of Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. Mizuho boosted their price objective on shares of Light & Wonder from $76.00 to $80.00 and gave the company an "underperform" rating in a report on Wednesday, February 26th. Jefferies Financial Group raised their target price 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 Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $110.91.

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.