New Age Alpha Advisors LLC bought a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,768 shares of the company's stock, valued at approximately $1,621,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNW. True Wealth Design LLC purchased a new position in shares of Light & Wonder during the 3rd quarter worth $28,000. R Squared Ltd purchased a new position in Light & Wonder during the fourth quarter worth about $35,000. Quarry LP acquired a new stake in shares of Light & Wonder during the third quarter valued at about $51,000. 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 valued at $65,000 after acquiring an additional 474 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Light & Wonder in the 3rd quarter valued at approximately $104,000. Hedge funds and other institutional investors own 88.08% of the company's stock.
Light & Wonder Stock Up 1.5 %
Light & Wonder stock traded up $1.26 during midday trading on Tuesday, reaching $87.87. The company's stock had a trading volume of 884,182 shares, compared to its average volume of 736,144. Light & Wonder, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $115.00. The company has a market cap of $7.42 billion, a P/E ratio of 27.29, 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. The business has a 50-day simple moving average of $98.34 and a 200-day simple moving average of $95.32.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on LNW shares. Macquarie lifted their target price on shares of Light & Wonder from $122.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Stifel Nicolaus increased their target price on Light & Wonder from $90.00 to $104.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Jefferies Financial Group raised their target price on Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Benchmark boosted their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.91.
Read Our Latest Research Report on Light & Wonder
Insider Buying and Selling
In related news, CAO Vanja Kalabic sold 1,132 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $104.41, for a total value of $118,192.12. Following the completion of the sale, the chief accounting officer now directly owns 5,016 shares of the company's stock, valued at $523,720.56. This represents a 18.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James Sottile sold 2,356 shares of the firm's 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 transaction, the vice president now owns 77,331 shares in the company, valued at $8,161,513.74. This represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,867 shares of company stock worth $1,037,884 over the last 90 days. 2.10% of the stock is owned by insiders.
Light & Wonder Company Profile
(
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.
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