Light & Wonder, Inc. (NASDAQ:LNW) Stock Holdings Lifted by Ninety One UK Ltd

Ninety One UK Ltd boosted its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 56.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,174,556 shares of the company's stock after purchasing an additional 425,202 shares during the period. Ninety One UK Ltd owned approximately 1.39% of Light & Wonder worth $101,728,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Light & Wonder by 2.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company's stock worth $387,000 after acquiring an additional 108 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of Light & Wonder by 3.3% in the fourth quarter. Centaurus Financial Inc. now owns 3,350 shares of the company's stock worth $289,000 after acquiring an additional 108 shares in the last quarter. Xponance Inc. increased its position in shares of Light & Wonder by 0.7% in the fourth quarter. Xponance Inc. now owns 17,769 shares of the company's stock worth $1,535,000 after acquiring an additional 120 shares in the last quarter. Simon Quick Advisors LLC increased its position in shares of Light & Wonder by 2.9% in the first quarter. Simon Quick Advisors LLC now owns 4,752 shares of the company's stock worth $412,000 after acquiring an additional 136 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Light & Wonder by 3.8% in the first quarter. KBC Group NV now owns 3,746 shares of the company's stock worth $324,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company's stock.

Analyst Upgrades and Downgrades

LNW has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Truist Financial lowered their price target on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Macquarie raised their price target on shares of Light & Wonder from $120.00 to $122.00 and gave the company an "outperform" rating in a report on Monday, June 16th. Jefferies Financial Group set a $116.00 price target on shares of Light & Wonder in a report on Wednesday, June 25th. Finally, Mizuho raised their price target on shares of Light & Wonder from $80.00 to $84.00 and gave the company an "underperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.55.

Light & Wonder Stock Down 3.4%

LNW stock traded down $3.41 during mid-day trading on Friday, hitting $97.59. 468,776 shares of the company were exchanged, compared to its average volume of 798,610. The company has a market capitalization of $8.23 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 0.44 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. Light & Wonder, Inc. has a twelve month low of $75.46 and a twelve month high of $115.00. The firm has a fifty day simple moving average of $89.46 and a 200 day simple moving average of $90.92.

Light & Wonder (NASDAQ:LNW - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $774.00 million for the quarter, compared to analyst estimates of $802.93 million. Light & Wonder had a return on equity of 68.41% and a net margin of 10.45%. Light & Wonder's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 earnings per share. On average, research analysts forecast that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.

Light & Wonder 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.