10,500 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,500 shares of the company's stock, valued at approximately $909,000.

Other institutional investors also recently bought and sold shares of the company. Inceptionr LLC bought a new position in Light & Wonder in the fourth quarter worth about $261,000. Y Intercept Hong Kong Ltd bought a new position in Light & Wonder in the fourth quarter worth about $596,000. AXQ Capital LP raised its stake in Light & Wonder by 94.6% in the fourth quarter. AXQ Capital LP now owns 7,198 shares of the company's stock worth $622,000 after buying an additional 3,500 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Light & Wonder by 29.2% in the fourth quarter. Teacher Retirement System of Texas now owns 23,903 shares of the company's stock worth $2,065,000 after buying an additional 5,397 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Light & Wonder by 107.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 20,528 shares of the company's stock worth $1,756,000 after buying an additional 10,647 shares in the last quarter. 88.08% of the stock is owned by institutional investors.

Light & Wonder Price Performance

Shares of LNW opened at $82.14 on Monday. The company has a market capitalization of $6.93 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.35 and a beta of 1.23. 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 firm has a 50 day moving average of $84.89 and a 200 day moving average of $90.74. Light & Wonder, Inc. has a twelve month low of $75.46 and a twelve month high of $115.00.

Light & Wonder (NASDAQ:LNW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.23). The firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $802.93 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. Light & Wonder's revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. As a group, equities research analysts anticipate that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

LNW has been the subject of a number of research reports. Truist Financial decreased their price target on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Benchmark cut their price objective on shares of Light & Wonder from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Mizuho upped their price objective 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. Macquarie cut their price objective on shares of Light & Wonder from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, Stifel Nicolaus upped their price objective on shares of Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $106.82.

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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