5,796 Shares in Light & Wonder, Inc. $LNW Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association acquired a new stake in Light & Wonder, Inc. by purchasing 5,796 shares valued at approximately $516,000 during the first quarter.
• Insider trading activity showed significant purchases, with Director Timothy Throsby buying 20,000 shares for $1.79 million, indicating confidence in the company's future.
• Light & Wonder reported earnings of $1.58 per share, exceeding expectations, while analysts have mixed opinions on the stock, leading to a consensus rating of "Moderate Buy."

United Services Automobile Association acquired a new stake in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 5,796 shares of the company's stock, valued at approximately $516,000.

A number of other hedge funds have also bought and sold shares of LNW. Centaurus Financial Inc. boosted its position in shares of Light & Wonder by 3.3% during the 4th quarter. Centaurus Financial Inc. now owns 3,350 shares of the company's stock valued at $289,000 after acquiring an additional 108 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Light & Wonder by 0.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,018 shares of the company's stock worth $1,907,000 after purchasing an additional 133 shares during 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 purchasing an additional 136 shares during the last quarter. 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 purchasing an additional 137 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Light & Wonder by 18.7% in the first quarter. US Bancorp DE now owns 1,164 shares of the company's stock worth $101,000 after purchasing an additional 183 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Hamish Mclennan purchased 1,380 shares of Light & Wonder stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $87.61 per share, for a total transaction of $120,901.80. Following the completion of the acquisition, the director directly owned 6,380 shares of the company's stock, valued at $558,951.80. The trade was a 27.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy Throsby purchased 20,000 shares of Light & Wonder stock in a transaction dated Thursday, August 14th. The shares were bought at an average price of $89.37 per share, with a total value of $1,787,400.00. Following the completion of the acquisition, the director directly owned 42,082 shares of the company's stock, valued at approximately $3,760,868.34. This represents a 90.57% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 37,756 shares of company stock valued at $3,209,088 over the last ninety days. Insiders own 2.20% of the company's stock.

Light & Wonder Stock Down 0.5%

Light & Wonder stock traded down $0.43 on Tuesday, hitting $90.00. 220,623 shares of the stock traded hands, compared to its average volume of 962,313. The company has a current ratio of 1.77, a quick ratio of 1.51 and a debt-to-equity ratio of 6.86. The firm has a market cap of $7.56 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. The business's fifty day simple moving average is $92.48 and its 200 day simple moving average is $90.92. Light & Wonder, Inc. has a 1 year low of $69.56 and a 1 year high of $115.00.

Light & Wonder (NASDAQ:LNW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.44 by $0.14. The business had revenue of $809.00 million during the quarter, compared to analyst estimates of $851.29 million. Light & Wonder had a return on equity of 71.17% and a net margin of 10.89%.The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, sell-side analysts forecast that Light & Wonder, Inc. will post 4.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LNW. Zacks Research cut shares of Light & Wonder from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Wall Street Zen cut shares of Light & Wonder from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Macquarie decreased their price objective on shares of Light & Wonder from $122.00 to $117.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Benchmark decreased their price objective on shares of Light & Wonder from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, Jefferies Financial Group set a $116.00 price target on shares of Light & Wonder in a research report on Wednesday, June 25th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.11.

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.