Los Angeles Capital Management LLC Has $1.56 Million Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Los Angeles Capital Management LLC raised its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 128.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,015 shares of the company's stock after buying an additional 10,702 shares during the period. Los Angeles Capital Management LLC's holdings in Light & Wonder were worth $1,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Light & Wonder by 22.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,251,206 shares of the company's stock worth $89,249,000 after purchasing an additional 231,631 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in Light & Wonder in the 4th quarter worth about $6,848,000. Barclays PLC raised its holdings in Light & Wonder by 95.8% during the 3rd quarter. Barclays PLC now owns 168,548 shares of the company's stock worth $12,021,000 after buying an additional 82,460 shares during the period. Vanguard Group Inc. lifted its stake in Light & Wonder by 0.5% during the third quarter. Vanguard Group Inc. now owns 9,152,926 shares of the company's stock valued at $652,878,000 after buying an additional 46,751 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Light & Wonder in the third quarter worth about $2,879,000. 88.08% of the stock is currently owned by institutional investors.

Insider Activity at Light & Wonder

In related news, CFO Oliver Chow sold 1,273 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $101.19, for a total value of $128,814.87. Following the completion of the sale, the chief financial officer now owns 1,517 shares in the company, valued at $153,505.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Vanja Kalabic sold 1,149 shares of Light & Wonder stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $100.72, for a total transaction of $115,727.28. Following the sale, the chief accounting officer now directly owns 1,600 shares in the company, valued at approximately $161,152. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Oliver Chow sold 1,273 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $101.19, for a total transaction of $128,814.87. Following the completion of the transaction, the chief financial officer now directly owns 1,517 shares of the company's stock, valued at approximately $153,505.23. The disclosure for this sale can be found here. Insiders sold a total of 7,537 shares of company stock worth $760,427 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Light & Wonder Stock Performance

Light & Wonder stock traded down $1.32 during trading hours on Wednesday, reaching $96.52. 658,797 shares of the company were exchanged, compared to its average volume of 578,573. Light & Wonder, Inc. has a 12 month low of $56.01 and a 12 month high of $108.90. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 55.59 and a beta of 1.80. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 5.04. The stock has a 50-day moving average of $97.70 and a 200 day moving average of $88.33.

Light & Wonder (NASDAQ:LNW - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.03). The firm had revenue of $770.00 million for the quarter, compared to the consensus estimate of $748.30 million. Light & Wonder had a net margin of 5.58% and a return on equity of 23.68%. The firm's revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. As a group, research analysts anticipate that Light & Wonder, Inc. will post 3.79 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on LNW shares. Macquarie upped their price target on shares of Light & Wonder from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. Mizuho started coverage on Light & Wonder in a research report on Tuesday, March 26th. They set an "underperform" rating and a $83.00 price target on the stock. Benchmark began coverage on Light & Wonder in a research note on Tuesday, January 16th. They issued a "buy" rating and a $92.00 price objective for the company. Redburn Atlantic lowered shares of Light & Wonder from a "buy" rating to a "neutral" rating and increased their price target for the stock from $105.00 to $110.00 in a research report on Monday, March 11th. Finally, Truist Financial raised their price target on shares of Light & Wonder from $90.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. One 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.75.

Light & Wonder 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.