Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 84.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,247 shares of the company's stock after selling 23,511 shares during the period. SG Americas Securities LLC's holdings in Light & Wonder were worth $367,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LNW. Algert Global LLC boosted its stake in shares of Light & Wonder by 118.5% during the 3rd quarter. Algert Global LLC now owns 61,606 shares of the company's stock worth $5,590,000 after purchasing an additional 33,410 shares during the last quarter. Main Management ETF Advisors LLC purchased a new stake in shares of Light & Wonder during the 3rd quarter valued at $774,000. GSA Capital Partners LLP acquired a new stake in Light & Wonder during the third quarter worth about $725,000. State Street Corp raised its holdings in shares of Light & Wonder by 2.2% in the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company's stock worth $240,582,000 after purchasing an additional 56,890 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Light & Wonder by 108.6% in the third quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company's stock valued at $1,128,000 after buying an additional 6,472 shares during the period. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LNW. Jefferies Financial Group lifted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Benchmark reaffirmed a "buy" rating and issued a $114.00 target price on shares of Light & Wonder in a research report on Monday, January 27th. Finally, Truist Financial dropped their target price on Light & Wonder from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.50.

Light & Wonder Stock Performance

LNW stock traded down $0.18 on Friday, reaching $87.96. The company's stock had a trading volume of 481,286 shares, compared to its average volume of 600,323. Light & Wonder, Inc. has a 52 week low of $83.91 and a 52 week high of $115.00. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The company has a market capitalization of $7.77 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. The firm has a fifty day moving average of $88.97 and a two-hundred day moving average of $96.38.

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.