Centiva Capital LP Sells 4,321 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Centiva Capital LP reduced its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 42.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,869 shares of the company’s stock after selling 4,321 shares during the quarter. Centiva Capital LP’s holdings in Light & Wonder were worth $507,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Light & Wonder during the 4th quarter worth $35,000. Blue Trust Inc. increased its holdings in Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after buying an additional 474 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in Light & Wonder in the fourth quarter worth about $224,000. Farringdon Capital Ltd. purchased a new position in Light & Wonder in the fourth quarter valued at about $230,000. Finally, LPL Financial LLC grew its position in shares of 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 acquiring an additional 291 shares during the period. 88.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on LNW shares. Benchmark upped their price objective on Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Stifel Nicolaus increased their price target on Light & Wonder from $84.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday. Mizuho lifted their price objective on Light & Wonder from $80.00 to $84.00 and gave the stock an “underperform” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Truist Financial reduced their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.55.

Light & Wonder Stock Performance

NASDAQ LNW opened at $81.74 on Friday. The company’s 50 day simple moving average is $90.64 and its two-hundred day simple moving average is $92.49. The stock has a market capitalization of $6.93 billion, a PE ratio of 25.39, a P/E/G ratio of 0.35 and a beta of 1.30. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. Light & Wonder, Inc. has a 1 year low of $75.46 and a 1 year high of $115.00.

Light & Wonder (NASDAQ:LNW) last posted 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). The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $802.93 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. Light & Wonder’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. Analysts predict that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal year.

Insider Transactions at Light & Wonder

In related news, CAO Vanja Kalabic sold 1,132 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 5,016 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Siobhan Lane sold 3,784 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,239,533.98. The trade was a 15.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,867 shares of company stock valued at $1,037,884. 2.10% of the stock is owned by corporate insiders.

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.