Light & Wonder, Inc. (NASDAQ:LNW) Stake Lessened by GTS Securities LLC

GTS Securities LLC reduced its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 77.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,399 shares of the company's stock after selling 14,905 shares during the period. GTS Securities LLC's holdings in Light & Wonder were worth $380,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Light & Wonder during the fourth quarter worth approximately $35,000. Blue Trust Inc. raised its holdings in Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company's stock valued at $65,000 after acquiring an additional 474 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Light & Wonder during the 4th quarter valued at $224,000. Farringdon Capital Ltd. acquired a new position in Light & Wonder during the 4th quarter worth $230,000. Finally, LPL Financial LLC grew its holdings in Light & Wonder by 12.2% during the 4th quarter. LPL Financial LLC now owns 2,677 shares of the company's stock worth $231,000 after acquiring an additional 291 shares in the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LNW. Benchmark reduced their price target on shares of Light & Wonder from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Citigroup upgraded Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 19th. Macquarie decreased their target price on Light & Wonder from $125.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus upped their price target on Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Finally, Mizuho raised their price objective on Light & Wonder from $80.00 to $84.00 and gave the stock an "underperform" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Light & Wonder has a consensus rating of "Moderate Buy" and an average price target of $106.82.

Light & Wonder Stock Performance

LNW stock traded down $4.87 during mid-day trading on Monday, reaching $85.25. The company had a trading volume of 1,165,991 shares, compared to its average volume of 824,390. 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 stock has a market capitalization of $7.19 billion, a P/E ratio of 26.48, a P/E/G ratio of 0.35 and a beta of 1.30. Light & Wonder, Inc. has a one year low of $75.46 and a one year high of $115.00. The stock's 50-day simple moving average is $84.81 and its two-hundred day simple moving average is $91.29.

Light & Wonder (NASDAQ:LNW - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $802.93 million. Light & Wonder had a return on equity of 49.91% and a net margin of 9.30%. The firm's revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Research analysts anticipate that Light & Wonder, Inc. will post 4.3 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Vanja Kalabic sold 1,132 shares of the firm's 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 directly owns 5,016 shares of the company's stock, valued at approximately $523,720.56. This trade represents a 18.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James Sottile sold 2,356 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.54, for a total transaction 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,867 shares of company stock worth $1,037,884. Insiders own 2.20% of the company's stock.

About Light & Wonder

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.