Charles Schwab Investment Management Inc. Has $63.56 Million Stock Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Charles Schwab Investment Management Inc. lifted its position in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 733,888 shares of the company's stock after acquiring an additional 7,544 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.87% of Light & Wonder worth $63,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LNW. LPL Financial LLC raised its position in shares of Light & Wonder by 12.2% during the fourth quarter. LPL Financial LLC now owns 2,677 shares of the company's stock worth $231,000 after acquiring an additional 291 shares during the last quarter. Bank of Montreal Can increased its holdings in Light & Wonder by 11.3% in the fourth quarter. Bank of Montreal Can now owns 10,818 shares of the company's stock valued at $934,000 after purchasing an additional 1,099 shares during the last quarter. Barclays PLC increased its holdings in Light & Wonder by 4.4% in the fourth quarter. Barclays PLC now owns 162,770 shares of the company's stock valued at $14,061,000 after purchasing an additional 6,918 shares during the last quarter. Farringdon Capital Ltd. bought a new stake in Light & Wonder in the fourth quarter valued at about $230,000. Finally, Commerce Bank increased its holdings in Light & Wonder by 9.9% in the fourth quarter. Commerce Bank now owns 33,405 shares of the company's stock valued at $2,886,000 after purchasing an additional 3,009 shares during the last quarter. Institutional investors own 88.08% of the company's stock.

Light & Wonder Trading Up 0.1%

NASDAQ:LNW traded up $0.09 on Friday, reaching $88.21. The company's stock had a trading volume of 1,111,912 shares, compared to its average volume of 1,266,279. Light & Wonder, Inc. has a 1-year low of $69.56 and a 1-year high of $115.00. The company has a debt-to-equity ratio of 6.86, a quick ratio of 1.51 and a current ratio of 1.77. The firm has a market cap of $7.41 billion, a PE ratio of 22.28, a PEG ratio of 0.53 and a beta of 1.21. The business's 50-day moving average price is $92.72 and its two-hundred day moving average price is $91.98.

Light & Wonder (NASDAQ:LNW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. The firm had revenue of $809.00 million during the quarter, compared to analysts' expectations of $851.29 million. Light & Wonder had a return on equity of 71.17% and a net margin of 10.89%. The company's revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. Equities research analysts anticipate that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LNW. Benchmark dropped their price objective on Light & Wonder from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 8th. JPMorgan Chase & Co. downgraded Light & Wonder from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $108.00 to $95.00 in a report on Thursday, August 7th. Stifel Nicolaus upped their price objective on Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Mizuho upped their price objective on Light & Wonder from $80.00 to $84.00 and gave the company an "underperform" rating in a report on Thursday, May 8th. Finally, Jefferies Financial Group set a $116.00 price objective on Light & Wonder in a report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $108.10.

Insider Transactions at Light & Wonder

In other news, Director Jamie Odell acquired 8,275 shares of Light & Wonder stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $78.81 per share, with a total value of $652,152.75. Following the completion of the transaction, the director directly owned 8,275 shares of the company's stock, valued at approximately $652,152.75. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Antonia Korsanos acquired 8,065 shares of Light & Wonder stock in a transaction dated Sunday, August 10th. The shares were purchased at an average cost of $80.05 per share, with a total value of $645,603.25. Following the completion of the transaction, the director directly owned 22,815 shares of the company's stock, valued at $1,826,340.75. This trade represents a 54.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 37,756 shares of company stock valued at $3,209,088 over the last three months. 2.20% of the stock is currently owned by corporate insiders.

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.