New York State Common Retirement Fund Purchases 350 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

New York State Common Retirement Fund lifted its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,550 shares of the company’s stock after purchasing an additional 350 shares during the quarter. New York State Common Retirement Fund’s holdings in Light & Wonder were worth $3,001,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Light & Wonder by 30.8% in the third quarter. SG Americas Securities LLC now owns 2,256 shares of the company’s stock valued at $161,000 after buying an additional 531 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Light & Wonder by 21.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,784 shares of the company’s stock valued at $1,055,000 after purchasing an additional 2,575 shares during the last quarter. Teacher Retirement System of Texas increased 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 in the last quarter. Duality Advisers LP purchased a new stake in shares of Light & Wonder in the third quarter worth approximately $565,000. Finally, Arizona State Retirement System lifted its holdings in shares of Light & Wonder by 1.5% in the third quarter. Arizona State Retirement System now owns 25,944 shares of the company’s stock valued at $1,851,000 after purchasing an additional 384 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Price Performance

Light & Wonder stock opened at $94.93 on Tuesday. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.88 and a quick ratio of 1.63. Light & Wonder, Inc. has a one year low of $56.01 and a one year high of $108.90. The firm has a market capitalization of $8.58 billion, a P/E ratio of 53.94 and a beta of 1.80. The business has a fifty day moving average price of $97.68 and a 200-day moving average price of $88.03.

Light & Wonder (NASDAQ:LNW) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). The firm had revenue of $770.00 million during the quarter, compared to the consensus estimate of $748.30 million. Light & Wonder had a net margin of 5.58% and a return on equity of 23.68%. Light & Wonder’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. As a group, equities research analysts forecast that Light & Wonder, Inc. will post 3.79 EPS for the current year.

Insider Buying and Selling at Light & Wonder

In other news, CAO Vanja Kalabic sold 1,149 shares of Light & Wonder stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $100.72, for a total transaction of $115,727.28. Following the completion of the sale, the chief accounting officer now directly owns 1,600 shares of the company’s stock, valued at approximately $161,152. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Light & Wonder news, CAO Vanja Kalabic sold 1,149 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $100.72, for a total transaction of $115,727.28. Following the transaction, the chief accounting officer now directly owns 1,600 shares in the company, valued at $161,152. The sale 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 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 completion of the sale, the chief financial officer now owns 1,517 shares of the company’s stock, valued at $153,505.23. The disclosure for this sale can be found here. Insiders have sold a total of 7,537 shares of company stock valued at $760,427 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Redburn Atlantic lowered Light & Wonder from a “buy” rating to a “neutral” rating and increased their price target for the company from $105.00 to $110.00 in a research report on Monday, March 11th. Benchmark assumed coverage on shares of Light & Wonder in a research report on Tuesday, January 16th. They issued a “buy” rating and a $92.00 price objective for the company. Stifel Nicolaus reissued a “hold” rating and set a $103.00 target price (up previously from $97.00) on shares of Light & Wonder in a research report on Thursday, March 14th. Susquehanna upped their target price on Light & Wonder from $100.00 to $111.00 and gave the company a “positive” rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Light & Wonder from $98.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.75.

About Light & Wonder

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.