Y Intercept Hong Kong Ltd Raises Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Y Intercept Hong Kong Ltd raised its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 87.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,967 shares of the company's stock after acquiring an additional 6,067 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Light & Wonder were worth $1,123,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LNW. Versant Capital Management Inc grew its position 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 purchasing an additional 287 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Light & Wonder by 3,861.1% in the 1st quarter. Farther Finance Advisors LLC now owns 713 shares of the company's stock valued at $63,000 after purchasing an additional 695 shares during the last quarter. CX Institutional bought a new stake in shares of Light & Wonder in the 1st quarter valued at approximately $87,000. GAMMA Investing LLC lifted its stake in shares of Light & Wonder by 217.8% in 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, Steph & Co. bought a new stake in shares of Light & Wonder in the 1st quarter valued at approximately $149,000. Institutional investors own 88.08% of the company's stock.

Light & Wonder Stock Up 0.8%

Shares of NASDAQ LNW traded up $0.76 during mid-day trading on Monday, hitting $98.56. The company had a trading volume of 96,793 shares, compared to its average volume of 879,813. 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 6.26, a current ratio of 1.57 and a quick ratio of 1.35. The company has a market capitalization of $8.32 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 0.58 and a beta of 1.23. The business's 50-day simple moving average is $91.62 and its 200 day simple moving average is $91.82.

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

Wall Street Analysts Forecast Growth

LNW has been the subject of a number of research analyst reports. Mizuho raised their price target on Light & Wonder from $80.00 to $84.00 and gave the stock an "underperform" rating in a research note on Thursday, May 8th. Wall Street Zen lowered Light & Wonder from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Benchmark decreased their price target on Light & Wonder from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Jefferies Financial Group set a $116.00 price target on Light & Wonder in a research note on Wednesday, June 25th. Finally, Stifel Nicolaus raised their price target on Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Light & Wonder has a consensus rating of "Moderate Buy" and a consensus target price of $108.36.

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.