MQS Management LLC Invests $375,000 in Light & Wonder, Inc. (NASDAQ:LNW)

MQS Management LLC bought a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,574 shares of the company’s stock, valued at approximately $375,000.

Several other large investors have also recently bought and sold shares of the stock. Rise Advisors LLC bought a new position in shares of Light & Wonder during the 1st quarter worth about $38,000. Fidelis Capital Partners LLC acquired a new stake in Light & Wonder during the first quarter worth about $38,000. GAMMA Investing LLC increased its stake in Light & Wonder by 59.6% during the second quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock valued at $43,000 after acquiring an additional 152 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Light & Wonder during the fourth quarter valued at about $69,000. Finally, Quadrant Capital Group LLC raised its holdings in Light & Wonder by 44.1% in the 4th quarter. Quadrant Capital Group LLC now owns 869 shares of the company’s stock valued at $71,000 after acquiring an additional 266 shares in the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNW has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Light & Wonder from $76.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Macquarie boosted their price target on shares of Light & Wonder from $120.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Maxim Group began coverage on shares of Light & Wonder in a report on Monday, August 26th. They set a “buy” rating and a $144.00 price objective for the company. Stifel Nicolaus upped their target price on shares of Light & Wonder from $98.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, Truist Financial raised their price target on shares of Light & Wonder from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $108.20.

Light & Wonder Price Performance

Shares of Light & Wonder stock opened at $112.48 on Friday. Light & Wonder, Inc. has a 1-year low of $67.71 and a 1-year high of $115.00. The firm’s 50-day moving average price is $105.84 and its two-hundred day moving average price is $100.55. The company has a current ratio of 1.85, a quick ratio of 1.58 and a debt-to-equity ratio of 4.90. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 46.67, a P/E/G ratio of 0.46 and a beta of 1.77.

Light & Wonder (NASDAQ:LNW) last released its quarterly 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). Light & Wonder had a return on equity of 40.51% and a net margin of 9.92%. The business had revenue of $818.00 million for the quarter, compared to the consensus estimate of $798.09 million. During the same quarter last year, the company earned $1.02 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts predict that Light & Wonder, Inc. will post 4.44 earnings per share for the current fiscal year.

Light & Wonder 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.