Oak Thistle LLC purchased a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 44,976 shares of the company's stock, valued at approximately $3,895,000. Light & Wonder makes up about 0.8% of Oak Thistle LLC's holdings, making the stock its 15th biggest position. Oak Thistle LLC owned approximately 0.05% of Light & Wonder at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNW. Versant Capital Management Inc raised its holdings 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 raised its holdings in shares of Light & Wonder by 3,861.1% in the 1st quarter. Farther Finance Advisors LLC now owns 713 shares of the company's stock valued at $63,000 after purchasing an additional 695 shares during the period. CX Institutional bought a new stake in shares of Light & Wonder in the 1st quarter valued at about $87,000. GAMMA Investing LLC raised its holdings in shares of Light & Wonder by 217.8% in the 1st quarter. GAMMA Investing LLC now owns 1,265 shares of the company's stock valued at $110,000 after purchasing an additional 867 shares during the period. Finally, Steph & Co. bought a new stake in shares of Light & Wonder in the 1st quarter valued at about $149,000. 88.08% of the stock is owned by institutional investors.
Light & Wonder Stock Performance
Shares of LNW traded up $0.26 during mid-day trading on Friday, hitting $97.80. 385,283 shares of the company's stock were exchanged, compared to its average volume of 556,873. The company has a quick ratio of 1.35, a current ratio of 1.57 and a debt-to-equity ratio of 6.26. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 0.58 and a beta of 1.23. The stock's 50-day simple moving average is $91.62 and its 200-day simple moving average is $91.73. Light & Wonder, Inc. has a 52 week low of $75.46 and a 52 week high of $115.00.
Light & Wonder (NASDAQ:LNW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.23). The firm 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%. The business's revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. On average, equities research analysts expect that Light & Wonder, Inc. will post 4.3 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on LNW shares. Truist Financial upped their target price on shares of Light & Wonder from $110.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Macquarie increased 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. Wall Street Zen cut shares of Light & Wonder from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Stifel Nicolaus increased 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. Finally, Jefferies Financial Group set a $116.00 price target on shares of Light & Wonder in a report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $108.36.
Get Our Latest Stock Analysis on LNW
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.
Featured Articles
Before you consider Light & Wonder, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Light & Wonder wasn't on the list.
While Light & Wonder currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
