Two Sigma Securities LLC Invests $342,000 in Light & Wonder, Inc. (NASDAQ:LNW)

Two Sigma Securities LLC purchased a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,957 shares of the company's stock, valued at approximately $342,000.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Light & Wonder during the 4th quarter worth about $35,000. Blue Trust Inc. lifted its holdings in Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company's stock worth $65,000 after buying an additional 474 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Light & Wonder during the 3rd quarter valued at about $222,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Light & Wonder during the 4th quarter worth approximately $224,000. Finally, Farringdon Capital Ltd. bought a new stake in shares of Light & Wonder during the fourth quarter worth approximately $230,000. Institutional investors own 88.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Mizuho boosted their target price on Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a research report on Wednesday, February 26th. Citigroup raised shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. Truist Financial reduced their price target on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, Benchmark raised their price objective on shares of Light & Wonder from $114.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Light & Wonder currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.64.

Insider Buying and Selling at Light & Wonder

In related news, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 6th. The stock was 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 directly owns 5,016 shares of the company's stock, valued at approximately $523,720.56. This trade represents a 18.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Siobhan Lane sold 3,784 shares of Light & Wonder stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.37, for a total value of $398,720.08. Following the sale, the chief executive officer now directly owns 21,254 shares of the company's stock, valued at $2,239,533.98. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,867 shares of company stock worth $1,037,884 over the last 90 days. Company insiders own 2.10% of the company's stock.

Light & Wonder Stock Up 0.9 %

Light & Wonder stock opened at $84.39 on Monday. Light & Wonder, Inc. has a fifty-two week low of $75.46 and a fifty-two 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 firm has a market capitalization of $7.13 billion, a PE ratio of 26.21, a P/E/G ratio of 0.35 and a beta of 1.38. The company's 50-day moving average is $94.31 and its 200-day moving average is $92.90.

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.

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