Wellington Management Group LLP Takes $3.37 Million Position in Light & Wonder, Inc. (NASDAQ:LNW)

Wellington Management Group LLP bought a new position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,953 shares of the company's stock, valued at approximately $3,365,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. lifted its stake in shares of Light & Wonder by 3.3% in the fourth 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. Burgundy Asset Management Ltd. raised its holdings in Light & Wonder by 2.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,472,538 shares of the company's stock valued at $127,198,000 after acquiring an additional 28,358 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Light & Wonder by 13.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,411 shares of the company's stock worth $20,335,000 after purchasing an additional 28,560 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Light & Wonder by 1,752.9% during the 4th quarter. Royal Bank of Canada now owns 157,073 shares of the company's stock worth $13,568,000 after purchasing an additional 148,596 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Light & Wonder by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 4,131 shares of the company's stock worth $357,000 after purchasing an additional 263 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Light & Wonder Trading Up 1.4%

Shares of LNW stock traded up $1.21 on Friday, hitting $87.01. The stock had a trading volume of 803,666 shares, compared to its average volume of 828,407. The company's 50 day moving average price is $84.46 and its 200-day moving average price is $91.17. Light & Wonder, Inc. has a 1 year low of $75.46 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The firm has a market capitalization of $7.34 billion, a P/E ratio of 27.02, a P/E/G ratio of 0.35 and a beta of 1.23.

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 the consensus estimate of $1.17 by ($0.23). The business had revenue of $774.00 million during the quarter, compared to analysts' expectations 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 previous year, the business posted $0.88 EPS. Analysts anticipate that Light & Wonder, Inc. will post 4.3 earnings per share for the current year.

Analysts Set New Price Targets

LNW has been the topic of a number of analyst reports. Mizuho lifted their price objective on Light & Wonder from $80.00 to $84.00 and gave the stock an "underperform" rating in a research report on Thursday, May 8th. Stifel Nicolaus raised their target price on Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Macquarie reduced their price target on Light & Wonder from $125.00 to $120.00 and set an "outperform" rating on the stock 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 report on Monday, May 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Light & Wonder has a consensus rating of "Moderate Buy" and an average price target of $106.82.

Light & Wonder 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.