Wedge Capital Management L L P NC purchased a new position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 379,200 shares of the company's stock, valued at approximately $32,843,000. Wedge Capital Management L L P NC owned 0.45% of Light & Wonder as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC raised its position in Light & Wonder by 27,428.1% during the first quarter. GAMMA Investing LLC now owns 109,562 shares of the company's stock valued at $9,489,000 after purchasing an additional 109,164 shares in the last quarter. Versant Capital Management Inc increased its stake 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 last quarter. Wellington Management Group LLP acquired a new position in shares of Light & Wonder during the 4th quarter worth $3,365,000. Centaurus Financial Inc. raised its holdings 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 worth $289,000 after buying an additional 108 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Light & Wonder by 2.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company's stock worth $127,198,000 after buying an additional 28,358 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Citigroup upgraded Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. Stifel Nicolaus lifted 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. Benchmark dropped their price objective on shares of Light & Wonder from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Truist Financial decreased their target price on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Macquarie dropped their price target on Light & Wonder from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Light & Wonder has a consensus rating of "Moderate Buy" and an average target price of $106.82.
Read Our Latest Stock Report on Light & Wonder
Light & Wonder Trading Up 1.6%
LNW stock traded up $1.37 during trading on Monday, hitting $88.38. The company had a trading volume of 625,379 shares, compared to its average volume of 830,262. The stock has a market cap of $7.46 billion, a PE ratio of 27.45, a PEG ratio of 0.35 and a beta of 1.23. The business has a 50-day moving average of $84.44 and a 200-day moving average of $91.10. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a one year low of $75.46 and a one year high of $115.00.
Light & Wonder (NASDAQ:LNW - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $802.93 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. Research analysts predict that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.
Light & Wonder Profile
(
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.
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