Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report) Director Jamie Odell acquired 8,275 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $78.81 per share, with a total value of $652,152.75. Following the acquisition, the director directly owned 8,275 shares of the company's stock, valued at approximately $652,152.75. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Jamie Odell also recently made the following trade(s):
- On Monday, August 11th, Jamie Odell purchased 36 shares of Light & Wonder stock. The shares were purchased at an average price of $84.18 per share, with a total value of $3,030.48.
Light & Wonder Stock Performance
Light & Wonder stock traded up $0.09 during trading hours on Friday, reaching $88.21. 1,111,912 shares of the stock were exchanged, compared to its average volume of 1,266,279. The stock has a market cap of $7.41 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.53 and a beta of 1.21. The company has a debt-to-equity ratio of 6.86, a quick ratio of 1.51 and a current ratio of 1.77. Light & Wonder, Inc. has a 52-week low of $69.56 and a 52-week high of $115.00. The firm's 50 day moving average is $92.72 and its 200 day moving average is $91.96.
Light & Wonder (NASDAQ:LNW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.14. The business had revenue of $809.00 million during the quarter, compared to the consensus estimate of $851.29 million. Light & Wonder had a net margin of 10.89% and a return on equity of 71.17%. The business's revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 EPS. Analysts predict that Light & Wonder, Inc. will post 4.3 EPS for the current fiscal year.
Hedge Funds Weigh In On Light & Wonder
A number of large investors have recently made changes to their positions in LNW. Versant Capital Management Inc increased its holdings in Light & Wonder by 4,783.3% during the 1st quarter. Versant Capital Management Inc now owns 293 shares of the company's stock valued at $25,000 after acquiring an additional 287 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Light & Wonder by 198.9% during the second quarter. IFP Advisors Inc now owns 269 shares of the company's stock worth $26,000 after buying an additional 179 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Light & Wonder in the second quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Light & Wonder by 118.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 437 shares of the company's stock worth $42,000 after acquiring an additional 237 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in shares of Light & Wonder by 41.8% in the second quarter. AlphaQuest LLC now owns 604 shares of the company's stock worth $58,000 after acquiring an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 88.08% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on LNW shares. Macquarie lowered their price target on shares of Light & Wonder from $122.00 to $117.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. downgraded shares of Light & Wonder from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $108.00 to $95.00 in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Light & Wonder from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Jefferies Financial Group set a $116.00 price objective on shares of Light & Wonder in a research report on Wednesday, June 25th. Finally, Stifel Nicolaus upped their price target on shares of Light & Wonder from $84.00 to $95.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $108.10.
Check Out Our Latest Analysis on Light & Wonder
About Light & Wonder
(
Get 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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