Calamos Wealth Management LLC bought a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 3,400 shares of the company's stock, valued at approximately $294,000.
Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Light & Wonder by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,492,524 shares of the company's stock worth $733,584,000 after purchasing an additional 100,527 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Light & Wonder by 321.7% during the 1st quarter. Bessemer Group Inc. now owns 1,572,022 shares of the company's stock worth $136,152,000 after purchasing an additional 1,199,213 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Light & Wonder by 2.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company's stock worth $127,198,000 after purchasing an additional 28,358 shares in the last quarter. Norges Bank purchased a new stake in shares of Light & Wonder during the 4th quarter worth $91,683,000. Finally, Deutsche Bank AG boosted its position in shares of Light & Wonder by 15.6% during the 4th quarter. Deutsche Bank AG now owns 887,492 shares of the company's stock worth $76,662,000 after purchasing an additional 119,616 shares in the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.
Light & Wonder Price Performance
NASDAQ:LNW opened at $99.45 on Friday. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 0.43 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 1.35 and a debt-to-equity ratio of 6.26. The company's 50-day moving average is $88.19 and its two-hundred day moving average is $90.45. Light & Wonder, Inc. has a 12-month low of $75.46 and a 12-month high of $115.00.
Light & Wonder (NASDAQ:LNW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.23). Light & Wonder had a net margin of 10.45% and a return on equity of 68.41%. The company had revenue of $774.00 million for the quarter, compared to analyst estimates of $802.93 million. During the same period in the prior year, the company earned $0.88 EPS. The company's revenue was up 2.4% compared to the same quarter last year. Research analysts expect that Light & Wonder, Inc. will post 4.3 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have commented on LNW. Macquarie boosted their target price on shares of Light & Wonder from $120.00 to $122.00 and gave the stock an "outperform" rating in a research report on Monday, June 16th. Wall Street Zen upgraded shares of Light & Wonder from a "hold" rating to a "buy" rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on shares of Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group set a $116.00 price objective on shares of Light & Wonder in a research report on Wednesday, June 25th. Finally, Truist Financial decreased their price objective 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Light & Wonder currently has an average rating of "Moderate Buy" and a consensus target price of $106.55.
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About Light & Wonder
(
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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