Los Angeles Capital Management LLC Has $1.56 Million Stock Position in Light & Wonder, Inc. (NASDAQ:LNW)

Los Angeles Capital Management LLC boosted its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 128.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,015 shares of the company’s stock after purchasing an additional 10,702 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Light & Wonder were worth $1,561,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LNW. Headlands Technologies LLC bought a new stake in Light & Wonder during the 3rd quarter worth approximately $31,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Light & Wonder in the 3rd quarter valued at about $36,000. SG Americas Securities LLC increased its stake in shares of Light & Wonder by 30.8% in the 3rd quarter. SG Americas Securities LLC now owns 2,256 shares of the company’s stock valued at $161,000 after acquiring an additional 531 shares in the last quarter. CI Investments Inc. boosted its position in shares of Light & Wonder by 1,789.1% during the 3rd quarter. CI Investments Inc. now owns 2,418 shares of the company’s stock worth $172,000 after purchasing an additional 2,290 shares in the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of Light & Wonder in the 3rd quarter valued at about $221,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Light & Wonder Price Performance

LNW opened at $97.84 on Wednesday. The stock has a market capitalization of $8.84 billion, a P/E ratio of 55.59 and a beta of 1.80. The stock has a 50-day moving average price of $97.68 and a 200-day moving average price of $88.17. 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, Inc. has a 12-month low of $56.01 and a 12-month high of $108.90.

Light & Wonder (NASDAQ:LNW) last issued its earnings results on Tuesday, February 27th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). Light & Wonder had a return on equity of 23.68% and a net margin of 5.58%. The business had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $748.30 million. During the same quarter in the previous year, the business earned $0.12 EPS. Light & Wonder’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts predict that Light & Wonder, Inc. will post 3.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Light & Wonder from $98.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Mizuho started coverage on Light & Wonder in a report on Tuesday, March 26th. They issued an “underperform” rating and a $83.00 target price on the stock. Redburn Atlantic lowered shares of Light & Wonder from a “buy” rating to a “neutral” rating and upped their target price for the stock from $105.00 to $110.00 in a research note on Monday, March 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 price objective (up previously from $97.00) on shares of Light & Wonder in a research note on Thursday, March 14th. Finally, Macquarie boosted their target price on Light & Wonder from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.75.

Insider Buying and Selling

In other news, CFO Oliver Chow sold 1,273 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $101.19, for a total transaction of $128,814.87. Following the transaction, the chief financial officer now directly owns 1,517 shares of the company’s stock, valued at $153,505.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Light & Wonder 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 owns 57,478 shares in the company, valued at approximately $5,813,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the chief financial officer now directly owns 1,517 shares of the company’s stock, valued at approximately $153,505.23. The disclosure for this sale can be found here. Insiders have sold 7,537 shares of company stock valued at $760,427 over the last ninety days. 2.10% of the stock is owned by 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.