Centiva Capital LP Has $507,000 Position in Light & Wonder, Inc. (NASDAQ:LNW)

Centiva Capital LP cut its stake in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 42.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,869 shares of the company's stock after selling 4,321 shares during the period. Centiva Capital LP's holdings in Light & Wonder were worth $507,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in Light & Wonder by 539.6% during the third quarter. Barclays PLC now owns 155,852 shares of the company's stock worth $14,142,000 after acquiring an additional 131,486 shares during the period. Tidal Investments LLC boosted its position in shares of Light & Wonder by 18.0% during the 3rd quarter. Tidal Investments LLC now owns 8,038 shares of the company's stock valued at $729,000 after purchasing an additional 1,226 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Light & Wonder by 2.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company's stock valued at $1,888,000 after purchasing an additional 458 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company's stock worth $65,000 after purchasing an additional 474 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Light & Wonder by 57.3% in the 4th quarter. KBC Group NV now owns 3,609 shares of the company's stock worth $312,000 after purchasing an additional 1,315 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company's stock.

Wall Street Analysts Forecast Growth

LNW has been the subject of a number of research reports. Mizuho raised their target price on shares of Light & Wonder from $80.00 to $84.00 and gave the stock an "underperform" rating in a report on Thursday, May 8th. Truist Financial reduced their price objective on Light & Wonder from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their target price on Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Benchmark cut their target price on Light & Wonder from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Macquarie dropped their price target on Light & Wonder from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. One 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.82.

Insider Buying and Selling at Light & Wonder

In other Light & Wonder news, VP James Sottile sold 2,356 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.54, for a total value of $248,652.24. Following the completion of the sale, the vice president now directly owns 77,331 shares of the company's stock, valued at $8,161,513.74. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 5,016 shares in the company, valued at approximately $523,720.56. This trade represents a 18.41% 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. 2.10% of the stock is currently owned by corporate insiders.

Light & Wonder Stock Down 5.0%

LNW traded down $4.47 on Wednesday, reaching $84.22. 921,485 shares of the company traded hands, compared to its average volume of 808,001. The stock's 50 day moving average price is $89.88 and its 200-day moving average price is $92.39. Light & Wonder, Inc. has a 52-week low of $75.46 and a 52-week high of $115.00. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 0.35 and a beta of 1.30. 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 (NASDAQ:LNW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.23). Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The company had revenue of $774.00 million for the quarter, compared to analyst estimates of $802.93 million. During the same period last year, the business earned $0.88 EPS. The company's quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts expect that Light & Wonder, Inc. will post 4.3 EPS for the current fiscal year.

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.