Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 749,354 shares of the company’s stock after selling 128,579 shares during the quarter. Ninety One UK Ltd’s holdings in Light & Wonder were worth $64,729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNW. True Wealth Design LLC acquired a new stake in Light & Wonder during the third quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in Light & Wonder during the 3rd quarter worth $29,000. R Squared Ltd purchased a new stake in Light & Wonder in the fourth quarter valued at $35,000. Quarry LP acquired a new position in Light & Wonder in the third quarter valued at $51,000. Finally, Blue Trust Inc. grew its holdings in shares of Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after purchasing an additional 474 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Light & Wonder Stock Performance

Shares of LNW stock opened at $86.65 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 12-month low of $79.22 and a 12-month high of $115.00. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. The stock has a 50 day simple moving average of $89.49 and a 200-day simple moving average of $96.61.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LNW shares. Truist Financial cut their price target on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. B. Riley initiated coverage on shares of Light & Wonder in a report on Tuesday, October 8th. They issued a “buy” rating and a $120.00 target price on the stock. Jefferies Financial Group increased their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Benchmark restated a “buy” rating and issued a $114.00 price objective on shares of Light & Wonder in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Light & Wonder presently has a consensus rating of “Moderate Buy” and an average target price of $108.50.

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.