Y Intercept Hong Kong Ltd Makes New Investment in Light & Wonder, Inc. (NASDAQ:LNW)

Y Intercept Hong Kong Ltd acquired a new position in Light & Wonder, Inc. (NASDAQ:LNW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,900 shares of the company’s stock, valued at approximately $596,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Algert Global LLC grew its stake in Light & Wonder by 118.5% during the third quarter. Algert Global LLC now owns 61,606 shares of the company’s stock valued at $5,590,000 after acquiring an additional 33,410 shares in the last quarter. Main Management ETF Advisors LLC bought a new stake in Light & Wonder during the 3rd quarter valued at about $774,000. GSA Capital Partners LLP bought a new stake in Light & Wonder during the 3rd quarter valued at about $725,000. State Street Corp lifted its holdings in Light & Wonder by 2.2% during the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after buying an additional 56,890 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Light & Wonder by 108.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company’s stock valued at $1,128,000 after buying an additional 6,472 shares in the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

Light & Wonder Stock Performance

NASDAQ:LNW opened at $111.48 on Friday. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The company has a fifty day moving average of $91.55 and a two-hundred day moving average of $96.21. The stock has a market capitalization of $9.84 billion, a PE ratio of 34.62, a P/E/G ratio of 0.35 and a beta of 1.72. Light & Wonder, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $115.00.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LNW shares. Benchmark boosted their price target on shares of Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday. Macquarie lifted their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Mizuho lifted their price objective on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

About Light & Wonder

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.