Light & Wonder, Inc. (NASDAQ:LNW) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 590.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,343 shares of the company’s stock after purchasing an additional 17,396 shares during the quarter. Ieq Capital LLC’s holdings in Light & Wonder were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Macquarie boosted their price objective on shares of Light & Wonder from $117.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Jefferies Financial Group boosted their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Stifel Nicolaus lifted their price objective on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Finally, Benchmark reissued a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Light & Wonder has a consensus rating of “Moderate Buy” and a consensus price target of $109.25.

Light & Wonder Trading Down 2.9 %

NASDAQ:LNW opened at $101.83 on Monday. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 0.35 and a beta of 1.72. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder, Inc. has a 1 year low of $84.00 and a 1 year high of $115.00. The business has a fifty day moving average of $89.67 and a 200-day moving average of $96.00.

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.