SG Americas Securities LLC Boosts Position in Light & Wonder, Inc. (NASDAQ:LNW)

SG Americas Securities LLC increased its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 89.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,047 shares of the company's stock after buying an additional 3,800 shares during the quarter. SG Americas Securities LLC's holdings in Light & Wonder were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in shares of Light & Wonder by 4,783.3% during the first quarter. Versant Capital Management Inc now owns 293 shares of the company's stock worth $25,000 after buying an additional 287 shares during the period. Farther Finance Advisors LLC lifted 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 acquiring an additional 695 shares during the period. Blue Trust Inc. lifted its position in Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company's stock worth $65,000 after acquiring an additional 474 shares during the period. GAMMA Investing LLC grew its stake in Light & Wonder by 217.8% during 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 last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Light & Wonder in the fourth quarter valued at about $224,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Light & Wonder Price Performance

NASDAQ LNW traded up $3.16 on Tuesday, hitting $85.82. The company had a trading volume of 827,957 shares, compared to its average volume of 841,103. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.57 and a quick ratio of 1.35. The company has a market capitalization of $7.24 billion, a PE ratio of 22.89, a PEG ratio of 0.37 and a beta of 1.23. Light & Wonder, Inc. has a 12-month low of $75.46 and a 12-month high of $115.00. The company's fifty day moving average price is $85.49 and its 200-day moving average price is $90.21.

Light & Wonder (NASDAQ:LNW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 10.45% and a return on equity of 68.41%. Light & Wonder's revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. As a group, analysts predict that Light & Wonder, Inc. will post 4.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LNW shares. JPMorgan Chase & Co. increased their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Macquarie boosted their target price on shares of Light & Wonder from $120.00 to $122.00 and gave the company an "outperform" rating in a research report on Monday, June 16th. Truist Financial cut their price target on Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Benchmark decreased their price objective on Light & Wonder from $130.00 to $100.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Stifel Nicolaus raised their target price on Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued 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 a consensus target price of $107.00.

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.