New York State Teachers Retirement System Decreases Stock Position in Light & Wonder, Inc. (NASDAQ:LNW)

New York State Teachers Retirement System decreased its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,126 shares of the company’s stock after selling 1,239 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Light & Wonder worth $7,180,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Light & Wonder by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,559 shares of the company’s stock worth $1,775,000 after buying an additional 281 shares in the last quarter. True Wealth Design LLC purchased a new position in Light & Wonder in the third quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in Light & Wonder in the third quarter valued at $29,000. R Squared Ltd purchased a new position in Light & Wonder in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Light & Wonder by 2.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company’s stock valued at $1,888,000 after purchasing an additional 458 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Light & Wonder Stock Performance

LNW opened at $105.99 on Thursday. The stock has a market cap of $9.36 billion, a P/E ratio of 32.92, a P/E/G ratio of 0.33 and a beta of 1.72. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The stock’s 50 day simple moving average is $89.24 and its 200 day simple moving average is $95.97. Light & Wonder, Inc. has a 1-year low of $84.00 and a 1-year high of $115.00.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus lifted their price target on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday. Benchmark reissued a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a report on Wednesday. Truist Financial reduced their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Light & Wonder presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.25.

Light & Wonder Company 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.