Landscape Capital Management L.L.C. Makes New $224,000 Investment in Light & Wonder, Inc. (NASDAQ:LNW)

Landscape Capital Management L.L.C. purchased a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,590 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LNW. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Light & Wonder by 2.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,485 shares of the company’s stock valued at $387,000 after acquiring an additional 108 shares during the period. Xponance Inc. lifted its position in Light & Wonder by 0.7% during the fourth quarter. Xponance Inc. now owns 17,769 shares of the company’s stock valued at $1,535,000 after purchasing an additional 120 shares during the period. CIBC Asset Management Inc boosted its holdings in Light & Wonder by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,901 shares of the company’s stock worth $510,000 after purchasing an additional 146 shares during the last quarter. New York State Common Retirement Fund raised its stake in Light & Wonder by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock valued at $3,477,000 after buying an additional 200 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Light & Wonder by 12.2% during the 4th quarter. LPL Financial LLC now owns 2,677 shares of the company’s stock valued at $231,000 after buying an additional 291 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Price Performance

Shares of Light & Wonder stock opened at $77.80 on Wednesday. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 0.35 and a beta of 1.38. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The stock’s 50-day simple moving average is $97.55 and its 200-day simple moving average is $94.17. Light & Wonder, Inc. has a 52 week low of $75.46 and a 52 week high of $115.00.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Benchmark lifted their price objective on Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Macquarie upped 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. Jefferies Financial Group increased their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Stifel Nicolaus cut their target price on shares of Light & Wonder from $104.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Finally, 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 note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Light & Wonder has a consensus rating of “Moderate Buy” and an average price target of $109.91.

Insider Buying and Selling

In other Light & Wonder news, CFO Oliver Chow sold 2,595 shares of Light & Wonder stock in a transaction on Friday, March 7th. The shares were sold at an average price of $104.94, for a total value of $272,319.30. Following the sale, the chief financial officer now directly owns 3,695 shares in the company, valued at approximately $387,753.30. The trade was a 41.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James Sottile sold 2,356 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.54, for a total transaction of $248,652.24. Following the transaction, the vice president now directly owns 77,331 shares of the company’s stock, valued at $8,161,513.74. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,867 shares of company stock valued at $1,037,884. Corporate insiders own 2.10% of the company’s stock.

Light & Wonder 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.