Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lessened its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 55.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 398 shares of the company’s stock after selling 498 shares during the period. GAMMA Investing LLC’s holdings in Light & Wonder were worth $34,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State Street Corp grew its holdings in shares of Light & Wonder by 2.2% during the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after acquiring an additional 56,890 shares in the last quarter. FMR LLC grew its stake in Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after purchasing an additional 324,088 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Light & Wonder by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock valued at $84,215,000 after purchasing an additional 12,317 shares in the last quarter. Millennium Management LLC increased its position in Light & Wonder by 573.3% in the 2nd quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock worth $60,761,000 after purchasing an additional 493,295 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Light & Wonder by 6.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 434,206 shares of the company’s stock worth $39,396,000 after purchasing an additional 25,284 shares during the last quarter. 88.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

LNW has been the topic of a number of research reports. Susquehanna dropped their price objective on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Truist Financial cut their price target on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus decreased their price objective on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. UBS Group raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, Craig Hallum upgraded Light & Wonder to a “strong-buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Light & Wonder currently has a consensus rating of “Moderate Buy” and an average target price of $107.36.

Light & Wonder Stock Performance

Shares of NASDAQ LNW opened at $86.81 on Wednesday. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The stock has a 50 day moving average price of $91.99 and a 200 day moving average price of $98.30. The stock has a market capitalization of $7.67 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 0.55 and a beta of 1.73. Light & Wonder, Inc. has a 52 week low of $77.65 and a 52 week high of $115.00.

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.