CIBC Asset Management Inc Has $510,000 Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

CIBC Asset Management Inc increased its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,901 shares of the company’s stock after purchasing an additional 146 shares during the period. CIBC Asset Management Inc’s holdings in Light & Wonder were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new stake in Light & Wonder during the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in Light & Wonder during the 3rd quarter worth about $29,000. R Squared Ltd bought a new stake in Light & Wonder during the 4th quarter worth about $35,000. Quarry LP bought a new stake in Light & Wonder during the 3rd quarter worth about $51,000. Finally, Blue Trust Inc. lifted its position in Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after buying an additional 474 shares in the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on LNW. Stifel Nicolaus boosted their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday. Jefferies Financial Group upped their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Macquarie upped their target price on shares of Light & Wonder from $117.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a report on Wednesday. Finally, Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.25.

Light & Wonder Stock Down 2.9 %

Shares of LNW opened at $101.83 on Friday. Light & Wonder, Inc. has a 52 week low of $84.00 and a 52 week high of $115.00. The firm has a market cap of $8.99 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. The firm’s 50-day simple moving average is $89.67 and its 200 day simple moving average is $96.03. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88.

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.