Kapitalo Investimentos Ltda Takes $308,000 Position in Light & Wonder, Inc. (NASDAQ:LNW)

Kapitalo Investimentos Ltda bought a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) in the 4th quarter, Holdings Channel reports. The fund bought 3,754 shares of the company’s stock, valued at approximately $308,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Light & Wonder by 0.5% in the third quarter. Vanguard Group Inc. now owns 9,152,926 shares of the company’s stock worth $652,878,000 after purchasing an additional 46,751 shares in the last quarter. Cibc World Markets Corp bought a new position in Light & Wonder in the fourth quarter worth about $5,748,000. Nomura Asset Management Co. Ltd. lifted its holdings in Light & Wonder by 1,626.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,807 shares of the company’s stock worth $723,000 after acquiring an additional 8,297 shares during the last quarter. Virtu Financial LLC bought a new position in Light & Wonder in the fourth quarter worth about $807,000. Finally, Chesapeake Capital Corp IL bought a new position in Light & Wonder in the fourth quarter worth about $757,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Mizuho cut their target price on shares of Light & Wonder from $83.00 to $79.00 and set an “underperform” rating on the stock in a report on Thursday, May 9th. Truist Financial lifted their price target on Light & Wonder from $90.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. increased their price target on Light & Wonder from $98.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 target price (up previously from $97.00) on shares of Light & Wonder in a research report 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 report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $95.08.

Light & Wonder Stock Up 2.2 %

NASDAQ:LNW traded up $2.05 during mid-day trading on Tuesday, reaching $95.80. The stock had a trading volume of 126,428 shares, compared to its average volume of 612,805. The business’s 50 day moving average is $93.82 and its 200 day moving average is $91.06. Light & Wonder, Inc. has a fifty-two week low of $62.16 and a fifty-two week high of $108.90. The stock has a market cap of $8.64 billion, a P/E ratio of 38.90 and a beta of 1.75. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.98 and a quick ratio of 1.72.

Light & Wonder (NASDAQ:LNW) last announced its earnings results on Wednesday, May 8th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.23. Light & Wonder had a return on equity of 32.27% and a net margin of 7.43%. The firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $732.01 million. As a group, sell-side analysts predict that Light & Wonder, Inc. will post 4.2 earnings per share for the current year.

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.