Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC decreased its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 4,616 shares of the company’s stock after selling 132 shares during the quarter. Simon Quick Advisors LLC’s holdings in Light & Wonder were worth $399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. increased its position in shares of Light & Wonder by 29.7% during the second quarter. American Century Companies Inc. now owns 12,177 shares of the company’s stock worth $1,277,000 after purchasing an additional 2,785 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Light & Wonder by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock worth $84,215,000 after purchasing an additional 12,317 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Light & Wonder by 6.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,320 shares of the company’s stock worth $685,000 after buying an additional 360 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Light & Wonder by 135.6% in the second quarter. Hsbc Holdings PLC now owns 15,934 shares of the company’s stock valued at $1,685,000 after buying an additional 9,172 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Light & Wonder by 26.0% in the second quarter. Canada Pension Plan Investment Board now owns 12,600 shares of the company’s stock worth $1,321,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Analyst Ratings Changes

LNW has been the subject of several research reports. Truist Financial dropped their price objective on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Craig Hallum raised Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. Jefferies Financial Group boosted their price objective on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, B. Riley initiated coverage on Light & Wonder in a research note on Tuesday, October 8th. They issued a “buy” rating and a $120.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.50.

Light & Wonder Stock Down 3.1 %

Shares of LNW opened at $88.03 on Friday. The company’s 50-day moving average price is $90.64 and its 200 day moving average price is $97.70. Light & Wonder, Inc. has a 12-month low of $79.22 and a 12-month high of $115.00. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The firm has a market cap of $7.77 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 0.31 and a beta of 1.73.

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.