Charles Schwab Investment Management Inc. Has $101.93 Million Stock Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Charles Schwab Investment Management Inc. decreased its position in shares of Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,241,350 shares of the company's stock after selling 9,856 shares during the period. Charles Schwab Investment Management Inc. owned about 1.38% of Light & Wonder worth $101,927,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LNW. Headlands Technologies LLC acquired a new position in Light & Wonder during the 3rd quarter worth about $31,000. DekaBank Deutsche Girozentrale acquired a new stake in Light & Wonder in the 3rd quarter valued at about $36,000. SG Americas Securities LLC raised its position in Light & Wonder by 30.8% in the 3rd quarter. SG Americas Securities LLC now owns 2,256 shares of the company's stock valued at $161,000 after purchasing an additional 531 shares in the last quarter. CI Investments Inc. raised its position in Light & Wonder by 1,789.1% in the 3rd quarter. CI Investments Inc. now owns 2,418 shares of the company's stock valued at $172,000 after purchasing an additional 2,290 shares in the last quarter. Finally, AXQ Capital LP acquired a new stake in Light & Wonder in the 3rd quarter valued at about $221,000. Institutional investors and hedge funds own 88.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LNW. Stifel Nicolaus reaffirmed a "hold" rating and issued a $103.00 price target (up previously from $97.00) on shares of Light & Wonder in a research report on Thursday, March 14th. Mizuho cut their target price on Light & Wonder from $83.00 to $79.00 and set an "underperform" rating on the stock in a research report on Thursday. Redburn Atlantic lowered Light & Wonder from a "buy" rating to a "neutral" rating and raised their target price for the stock from $105.00 to $110.00 in a research report on Monday, March 11th. Macquarie raised their target price on Light & Wonder from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. Finally, Susquehanna lowered Light & Wonder from a "positive" rating to a "neutral" rating and cut their target price for the stock from $111.00 to $95.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $95.08.

Insider Buying and Selling at Light & Wonder

In related news, CAO Vanja Kalabic sold 1,149 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $100.72, for a total value of $115,727.28. Following the sale, the chief accounting officer now directly owns 1,600 shares in the company, valued at $161,152. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Vanja Kalabic sold 1,149 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $100.72, for a total value of $115,727.28. Following the sale, the chief accounting officer now directly owns 1,600 shares in the company, valued at $161,152. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Oliver Chow sold 1,273 shares of Light & Wonder stock in a transaction that occurred on 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,537 shares of company stock worth $760,427. 2.10% of the stock is currently owned by insiders.

Light & Wonder Stock Performance

NASDAQ:LNW traded up $0.60 during mid-day trading on Monday, reaching $92.06. 644,448 shares of the stock were exchanged, compared to its average volume of 592,252. The company has a 50 day simple moving average of $97.11 and a 200-day simple moving average of $88.84. Light & Wonder, Inc. has a 1 year low of $56.01 and a 1 year high of $108.90. The stock has a market capitalization of $8.30 billion, a P/E ratio of 38.20 and a beta of 1.80. The company has a quick ratio of 1.72, a current ratio of 1.98 and a debt-to-equity ratio of 4.61.

Light & Wonder (NASDAQ:LNW - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.03). Light & Wonder had a net margin of 7.43% and a return on equity of 32.27%. The company had revenue of $770.00 million during the quarter, compared to analysts' expectations of $748.30 million. During the same quarter last year, the business posted $0.12 earnings per share. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. Analysts anticipate that Light & Wonder, Inc. will post 3.89 earnings per share for the current fiscal year.

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.