9,453 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,453 shares of the company’s stock, valued at approximately $991,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Light & Wonder in the 1st quarter worth about $38,000. Fidelis Capital Partners LLC purchased a new stake in Light & Wonder in the first quarter worth about $38,000. GAMMA Investing LLC boosted its position in Light & Wonder by 59.6% during the 2nd quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock valued at $43,000 after acquiring an additional 152 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Light & Wonder during the 4th quarter valued at approximately $69,000. Finally, Quadrant Capital Group LLC raised its position in shares of Light & Wonder by 44.1% in the 4th quarter. Quadrant Capital Group LLC now owns 869 shares of the company’s stock worth $71,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Trading Up 0.6 %

NASDAQ:LNW opened at $112.68 on Thursday. Light & Wonder, Inc. has a 52 week low of $67.71 and a 52 week high of $114.16. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 0.46 and a beta of 1.77. The company’s 50 day moving average price is $105.84 and its 200-day moving average price is $100.55. The company has a quick ratio of 1.58, a current ratio of 1.85 and a debt-to-equity ratio of 4.90.

Light & Wonder (NASDAQ:LNW) last posted its earnings results on Wednesday, August 7th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14). The business had revenue of $818.00 million during the quarter, compared to the consensus estimate of $798.09 million. Light & Wonder had a return on equity of 40.51% and a net margin of 9.92%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 EPS. On average, equities research analysts forecast that Light & Wonder, Inc. will post 4.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LNW. Stifel Nicolaus lifted their price target on Light & Wonder from $98.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Benchmark reaffirmed a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a research report on Thursday, August 8th. Macquarie lifted their price target on shares of Light & Wonder from $120.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Light & Wonder from $76.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Finally, Maxim Group started coverage on shares of Light & Wonder in a report on Monday, August 26th. They set a “buy” rating and a $144.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $108.20.

Light & Wonder Company Profile

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.