Two Sigma Securities LLC Buys Shares of 3,957 Light & Wonder, Inc. (NASDAQ:LNW)

Two Sigma Securities LLC acquired a new position in Light & Wonder, Inc. (NASDAQ:LNW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,957 shares of the company's stock, valued at approximately $342,000.

Other large investors have also recently made changes to their positions in the company. Pinebridge Investments L.P. raised its holdings in shares of Light & Wonder by 44.3% during the fourth quarter. Pinebridge Investments L.P. now owns 26,815 shares of the company's stock valued at $2,316,000 after acquiring an additional 8,231 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Light & Wonder by 8.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,368 shares of the company's stock worth $636,000 after purchasing an additional 563 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Light & Wonder by 7.4% in the 4th quarter. MetLife Investment Management LLC now owns 53,687 shares of the company's stock worth $4,637,000 after purchasing an additional 3,696 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Light & Wonder by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 725,637 shares of the company's stock valued at $62,677,000 after purchasing an additional 33,684 shares in the last quarter. Finally, Commerce Bank increased its position in shares of Light & Wonder by 9.9% during the fourth quarter. Commerce Bank now owns 33,405 shares of the company's stock valued at $2,886,000 after buying an additional 3,009 shares during the period. 88.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup raised Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 19th. Benchmark raised their price objective on Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Jefferies Financial Group upped their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Macquarie lifted their price target on shares of Light & Wonder from $122.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, Truist Financial cut their price objective on shares of Light & Wonder from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $108.64.

Insider Buying and Selling

In related news, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction on Thursday, March 6th. The stock was 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 owns 5,016 shares of the company's stock, valued at $523,720.56. The trade was a 18.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Siobhan Lane sold 3,784 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.37, for a total value of $398,720.08. Following the sale, the chief executive officer now owns 21,254 shares of the company's stock, valued at approximately $2,239,533.98. This trade represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,867 shares of company stock worth $1,037,884. 2.10% of the stock is owned by corporate insiders.

Light & Wonder Stock Up 3.9 %

Shares of LNW stock traded up $3.47 during mid-day trading on Friday, hitting $91.68. The company's stock had a trading volume of 597,296 shares, compared to its average volume of 793,014. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 0.35 and a beta of 1.38. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder, Inc. has a 52-week low of $75.46 and a 52-week high of $115.00. The business has a 50-day moving average price of $92.71 and a 200 day moving average price of $92.64.

Light & Wonder Company Profile

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.