Nomura Holdings Inc. Has $2.68 Million Stake in Light & Wonder, Inc. (NASDAQ:LNW)

Nomura Holdings Inc. lifted its position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,022 shares of the company's stock after purchasing an additional 4,391 shares during the quarter. Nomura Holdings Inc.'s holdings in Light & Wonder were worth $2,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LNW. Norges Bank bought a new position in Light & Wonder in the 4th quarter valued at $91,683,000. Park West Asset Management LLC bought a new position in shares of Light & Wonder in the fourth quarter valued at about $46,241,000. Bank of Nova Scotia bought a new position in shares of Light & Wonder in the fourth quarter valued at about $16,020,000. Engine Capital Management LP lifted its position in Light & Wonder by 1,110.0% during the 4th quarter. Engine Capital Management LP now owns 175,524 shares of the company's stock worth $15,162,000 after buying an additional 161,018 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Light & Wonder by 37.0% during the 4th quarter. Invesco Ltd. now owns 587,809 shares of the company's stock worth $50,775,000 after buying an additional 158,790 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LNW shares. Stifel Nicolaus boosted their target price on shares of Light & Wonder from $84.00 to $95.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Truist Financial dropped their price target on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Benchmark reduced their price objective on shares of Light & Wonder from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Mizuho lifted their target price on shares of Light & Wonder from $80.00 to $84.00 and gave the stock an "underperform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Light & Wonder currently has a consensus rating of "Moderate Buy" and an average target price of $106.82.

Insider Buying and Selling at Light & Wonder

In related news, VP James Sottile sold 2,356 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.54, for a total transaction of $248,652.24. Following the completion of the transaction, the vice president now directly owns 77,331 shares in the company, valued at approximately $8,161,513.74. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the completion of the sale, the chief accounting officer now directly owns 5,016 shares in the company, valued at approximately $523,720.56. This represents a 18.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,867 shares of company stock valued at $1,037,884. 2.20% of the stock is currently owned by corporate insiders.

Light & Wonder Trading Down 1.9%

LNW stock traded down $1.60 during midday trading on Thursday, hitting $80.86. 157,335 shares of the company's stock were exchanged, compared to its average volume of 808,611. Light & Wonder, Inc. has a one year low of $75.46 and a one year high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The company has a market cap of $6.82 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 0.35 and a beta of 1.30. The stock's fifty day moving average price is $87.54 and its 200-day moving average price is $91.93.

Light & Wonder (NASDAQ:LNW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.23). Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The business had revenue of $774.00 million during the quarter, compared to analyst estimates of $802.93 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Light & Wonder's revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts predict that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.

About Light & Wonder

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.