Edgestream Partners L.P. bought a new position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,668 shares of the company's stock, valued at approximately $1,097,000.
A number of other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of Light & Wonder by 4,783.3% in the 1st quarter. Versant Capital Management Inc now owns 293 shares of the company's stock valued at $25,000 after purchasing an additional 287 shares during the period. Farther Finance Advisors LLC increased its position in Light & Wonder by 3,861.1% during the 1st quarter. Farther Finance Advisors LLC now owns 713 shares of the company's stock worth $63,000 after buying an additional 695 shares during the period. CX Institutional acquired a new stake in shares of Light & Wonder during the 1st quarter worth $87,000. GAMMA Investing LLC grew its holdings in shares of Light & Wonder by 217.8% during the 1st quarter. GAMMA Investing LLC now owns 1,265 shares of the company's stock worth $110,000 after purchasing an additional 867 shares in the last quarter. Finally, Steph & Co. acquired a new stake in Light & Wonder in the first quarter valued at about $149,000. 88.08% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have commented on LNW shares. Benchmark lowered their price target on Light & Wonder from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Truist Financial raised their price target on Light & Wonder from $110.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Stifel Nicolaus lifted their price target on Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Wall Street Zen lowered Light & Wonder from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Mizuho boosted their target price on Light & Wonder from $80.00 to $84.00 and gave the company an "underperform" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, four 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $108.36.
View Our Latest Stock Report on Light & Wonder
Light & Wonder Trading Up 0.6%
LNW traded up $0.59 during trading on Tuesday, reaching $97.93. 494,217 shares of the company's stock were exchanged, compared to its average volume of 791,236. Light & Wonder, Inc. has a one year low of $75.46 and a one year high of $115.00. 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 stock has a market capitalization of $8.26 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.58 and a beta of 1.23. The firm has a fifty day moving average price of $90.36 and a two-hundred day moving average price of $91.39.
Light & Wonder (NASDAQ:LNW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.23). The business had revenue of $774.00 million during the quarter, compared to analysts' expectations of $802.93 million. Light & Wonder had a net margin of 10.45% and a return on equity of 68.41%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. As a group, equities research analysts forecast that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.
Light & Wonder Profile
(
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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