83,405 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC bought a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 83,405 shares of the company's stock, valued at approximately $6,848,000. Light & Wonder makes up 1.2% of Moody Aldrich Partners LLC's holdings, making the stock its 24th largest position. Moody Aldrich Partners LLC owned about 0.09% of Light & Wonder at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LNW. Vanguard Group Inc. purchased a new position in shares of Light & Wonder during the 3rd quarter worth approximately $389,375,000. State Street Corp purchased a new position in shares of Light & Wonder during the 3rd quarter worth approximately $128,003,000. Norges Bank acquired a new stake in shares of Light & Wonder in the 4th quarter worth approximately $87,241,000. Alliancebernstein L.P. acquired a new stake in shares of Light & Wonder in the 3rd quarter worth approximately $36,277,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Light & Wonder by 3,232.2% in the 1st quarter. Balyasny Asset Management L.P. now owns 522,860 shares of the company's stock worth $31,398,000 after acquiring an additional 507,169 shares during the period. 88.08% of the stock is owned by hedge funds and other institutional investors.

Light & Wonder Price Performance

NASDAQ:LNW traded down $0.99 during trading hours on Tuesday, reaching $99.34. 353,831 shares of the company traded hands, compared to its average volume of 571,449. The firm's 50-day moving average is $95.81 and its 200-day moving average is $85.55. The stock has a market cap of $8.92 billion, a P/E ratio of 56.44 and a beta of 1.78. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.88 and a quick ratio of 1.63. Light & Wonder, Inc. has a 1-year low of $56.01 and a 1-year high of $108.90.

Light & Wonder (NASDAQ:LNW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.03). Light & Wonder had a return on equity of 23.68% and a net margin of 5.58%. The business had revenue of $770.00 million for the quarter, compared to analysts' expectations of $748.30 million. During the same period in the prior year, the company earned $0.12 EPS. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts expect that Light & Wonder, Inc. will post 3.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Light & Wonder news, VP James Sottile sold 1,549 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $101.15, for a total transaction of $156,681.35. Following the transaction, the vice president now owns 57,478 shares of the company's stock, valued at approximately $5,813,899.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP James Sottile sold 1,549 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $101.15, for a total value of $156,681.35. Following the transaction, the vice president now directly owns 57,478 shares of the company's stock, valued at approximately $5,813,899.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Siobhan Lane sold 3,566 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $100.73, for a total value of $359,203.18. Following the completion of the transaction, the chief executive officer now directly owns 11,302 shares in the company, valued at $1,138,450.46. The disclosure for this sale can be found here. Insiders have sold a total of 7,537 shares of company stock valued at $760,427 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LNW. Redburn Atlantic cut Light & Wonder from a "buy" rating to a "neutral" rating and upped their price target for the stock from $105.00 to $110.00 in a report on Monday, March 11th. JPMorgan Chase & Co. upped their price target on Light & Wonder from $98.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. Benchmark began coverage on Light & Wonder in a report on Tuesday, January 16th. They issued a "buy" rating and a $92.00 price target on the stock. Mizuho began coverage on Light & Wonder in a report on Tuesday, March 26th. They issued an "underperform" rating and a $83.00 price target on the stock. Finally, Stifel Nicolaus restated a "hold" rating and issued a $103.00 price target (up previously from $97.00) on shares of Light & Wonder in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.75.

Light & Wonder Company Profile

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.