Light & Wonder, Inc. (NASDAQ:LNW) Stake Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,608 shares of the company’s stock after selling 125 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Light & Wonder were worth $2,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in Light & Wonder during the third quarter valued at $28,000. Capital Performance Advisors LLP acquired a new position in shares of Light & Wonder in the 3rd quarter valued at about $29,000. Quarry LP acquired a new position in shares of Light & Wonder in the 3rd quarter valued at about $51,000. GAMMA Investing LLC lifted its position in shares of Light & Wonder by 120.1% in the third quarter. GAMMA Investing LLC now owns 896 shares of the company’s stock worth $81,000 after purchasing an additional 489 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Light & Wonder during the third quarter worth approximately $104,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Light & Wonder Price Performance

NASDAQ LNW opened at $87.10 on Monday. Light & Wonder, Inc. has a 1 year low of $79.22 and a 1 year high of $115.00. The company has a fifty day simple moving average of $90.51 and a 200 day simple moving average of $97.47. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The company has a market cap of $7.69 billion, a P/E ratio of 27.05, a P/E/G ratio of 0.31 and a beta of 1.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. B. Riley started coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They issued a “buy” rating and a $120.00 target price for the company. Craig Hallum upgraded Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. Jefferies Financial Group boosted their target price on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Truist Financial cut their price target on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.50.

Light & Wonder Profile

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.