Universal Beteiligungs und Servicegesellschaft mbH Invests $855,000 in Light & Wonder, Inc. (NASDAQ:LNW)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Light & Wonder, Inc. worth approximately $855,000, purchasing 9,874 shares in the first quarter.
• Multiple institutional investors significantly increased their stakes in Light & Wonder, with Bessemer Group Inc. boosting its share by 321.7%, now owning over 1.57 million shares valued at $136 million.
• Despite a missed earnings estimate for Q1, analysts maintain a consensus rating of "Moderate Buy" for Light & Wonder, with a price target of $108.36.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,874 shares of the company's stock, valued at approximately $855,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Centaurus Financial Inc. raised its stake in Light & Wonder by 3.3% in the 4th quarter. Centaurus Financial Inc. now owns 3,350 shares of the company's stock worth $289,000 after purchasing an additional 108 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of Light & Wonder by 2.9% in the 1st quarter. Simon Quick Advisors LLC now owns 4,752 shares of the company's stock valued at $412,000 after buying an additional 136 shares in the last quarter. KBC Group NV raised its position in shares of Light & Wonder by 3.8% in the 1st quarter. KBC Group NV now owns 3,746 shares of the company's stock valued at $324,000 after buying an additional 137 shares in the last quarter. State of Michigan Retirement System raised its position in shares of Light & Wonder by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 21,099 shares of the company's stock valued at $1,827,000 after buying an additional 200 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Light & Wonder by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the company's stock valued at $2,139,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company's stock.

Light & Wonder Price Performance

Shares of LNW stock traded up $3.02 during trading hours on Wednesday, reaching $91.40. The stock had a trading volume of 462,721 shares, compared to its average volume of 870,110. Light & Wonder, Inc. has a 12 month low of $75.46 and a 12 month high of $115.00. The firm has a market capitalization of $7.71 billion, a PE ratio of 24.41, a PEG ratio of 0.56 and a beta of 1.21. The company has a current ratio of 1.57, a quick ratio of 1.35 and a debt-to-equity ratio of 6.26. The stock's fifty day simple moving average is $93.12 and its 200 day simple moving average is $92.17.

Light & Wonder (NASDAQ:LNW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). Light & Wonder had a return on equity of 68.41% and a net margin of 10.45%. The business had revenue of $774.00 million for the quarter, compared to analysts' expectations of $802.93 million. During the same period last year, the business posted $0.88 earnings per share. The company's revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that Light & Wonder, Inc. will post 4.3 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LNW. Benchmark dropped their target price on shares of Light & Wonder from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Mizuho boosted their target price on shares of Light & Wonder from $80.00 to $84.00 and gave the stock an "underperform" rating in a report on Thursday, May 8th. Macquarie upped their price objective on shares of Light & Wonder from $120.00 to $122.00 and gave the company an "outperform" rating in a research note on Monday, June 16th. Truist Financial increased their price objective on shares of Light & Wonder from $110.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Stifel Nicolaus upped their price objective on shares of Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $108.36.

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.