Duality Advisers LP Sells 5,016 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Duality Advisers LP reduced its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 63.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,899 shares of the company’s stock after selling 5,016 shares during the quarter. Duality Advisers LP’s holdings in Light & Wonder were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNW. SG Americas Securities LLC boosted its stake in shares of Light & Wonder by 30.8% during the 3rd quarter. SG Americas Securities LLC now owns 2,256 shares of the company’s stock worth $161,000 after acquiring an additional 531 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Light & Wonder by 21.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,784 shares of the company’s stock worth $1,055,000 after purchasing an additional 2,575 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Light & Wonder by 0.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 73,803 shares of the company’s stock worth $5,264,000 after purchasing an additional 525 shares during the last quarter. Arizona State Retirement System lifted its holdings in Light & Wonder by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 25,944 shares of the company’s stock worth $1,851,000 after purchasing an additional 384 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Light & Wonder during the 3rd quarter worth approximately $468,000. 88.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNW. Redburn Atlantic cut Light & Wonder from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $105.00 to $110.00 in a report on Monday, March 11th. Mizuho began coverage on Light & Wonder in a report on Tuesday, March 26th. They set an “underperform” rating and a $83.00 price target for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $103.00 price objective (up from $97.00) on shares of Light & Wonder in a report on Thursday, March 14th. Truist Financial lifted their price objective on Light & Wonder from $90.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Susquehanna lifted their price objective on Light & Wonder from $100.00 to $111.00 and gave the company a “positive” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.75.

Light & Wonder Trading Down 1.7 %

NASDAQ LNW opened at $91.31 on Friday. The business’s 50-day moving average price is $97.59 and its two-hundred day moving average price is $87.25. Light & Wonder, Inc. has a 12 month low of $56.01 and a 12 month high of $108.90. The firm has a market capitalization of $8.25 billion, a PE ratio of 51.88 and a beta of 1.78. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 5.04.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). The business had revenue of $770.00 million during the quarter, compared to analyst estimates of $748.30 million. Light & Wonder had a net margin of 5.58% and a return on equity of 23.68%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, analysts expect that Light & Wonder, Inc. will post 3.78 EPS for the current year.

Insider Buying and Selling

In related news, VP James Sottile sold 1,549 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $101.15, for a total transaction of $156,681.35. Following the transaction, the vice president now directly owns 57,478 shares of the company’s stock, valued at approximately $5,813,899.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Oliver Chow sold 1,273 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was 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 directly owns 1,517 shares of the company’s stock, valued at $153,505.23. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP James Sottile sold 1,549 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $101.15, for a total value of $156,681.35. Following the completion of the sale, the vice president now directly owns 57,478 shares of the company’s stock, valued at $5,813,899.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,537 shares of company stock valued at $760,427. 2.00% of the stock is owned by company insiders.

Light & Wonder Company 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.