New Age Alpha Advisors LLC Takes Position in Light & Wonder, Inc. (NASDAQ:LNW)

New Age Alpha Advisors LLC purchased a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,768 shares of the company's stock, valued at approximately $1,621,000.

A number of other large investors have also recently modified their holdings of LNW. Vanguard Group Inc. grew its holdings in Light & Wonder by 1.2% during the 4th 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 in the last quarter. State Street Corp increased its holdings in Light & Wonder by 2.2% during the third quarter. State Street Corp now owns 2,651,627 shares of the company's stock valued at $240,582,000 after buying an additional 56,890 shares during the period. FMR LLC raised its stake in Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company's stock worth $131,745,000 after buying an additional 324,088 shares in the last quarter. Norges Bank bought a new stake in Light & Wonder during the 4th quarter valued at $91,683,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Light & Wonder by 1.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 206,851 shares of the company's stock worth $18,768,000 after acquiring an additional 2,972 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company's stock.

Light & Wonder Price Performance

LNW stock traded down $4.22 during mid-day trading on Friday, reaching $79.78. 1,412,453 shares of the company's stock were exchanged, compared to its average volume of 746,545. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. Light & Wonder, Inc. has a 12-month low of $75.43 and a 12-month high of $115.00. The stock's 50 day moving average is $98.14 and its 200 day moving average is $95.01. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59.

Insider Transactions at Light & Wonder

In other news, CAO Vanja Kalabic sold 1,132 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $104.41, for a total transaction of $118,192.12. Following the completion of the sale, the chief accounting officer now owns 5,016 shares of the company's stock, valued at $523,720.56. The trade was a 18.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James Sottile sold 2,356 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.54, for a total transaction of $248,652.24. Following the completion of the transaction, the vice president now directly owns 77,331 shares in the company, valued at $8,161,513.74. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,867 shares of company stock valued at $1,037,884 in the last three months. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on LNW. Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a report on Wednesday, February 19th. 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. Mizuho boosted their target price 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. Macquarie increased their price target on Light & Wonder from $122.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Benchmark boosted their price objective on Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a report on Friday, February 28th. One research 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $109.91.

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.