New York State Common Retirement Fund Purchases 200 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

New York State Common Retirement Fund raised its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,250 shares of the company’s stock after purchasing an additional 200 shares during the quarter. New York State Common Retirement Fund’s holdings in Light & Wonder were worth $3,477,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LNW. Allspring Global Investments Holdings LLC acquired a new position in Light & Wonder during the 3rd quarter valued at approximately $108,000. Wealth Enhancement Advisory Services LLC acquired a new position in Light & Wonder during the 3rd quarter valued at approximately $420,000. State of Alaska Department of Revenue increased its stake in Light & Wonder by 5.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,305 shares of the company’s stock valued at $934,000 after purchasing an additional 535 shares in the last quarter. New York State Teachers Retirement System increased its stake in Light & Wonder by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 84,365 shares of the company’s stock valued at $7,654,000 after purchasing an additional 719 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in Light & Wonder by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 10,646 shares of the company’s stock valued at $966,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Stock Performance

Shares of NASDAQ LNW opened at $111.48 on Friday. 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 company has a market capitalization of $9.84 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. Light & Wonder, Inc. has a 1 year low of $84.00 and a 1 year high of $115.00. The company’s fifty day moving average price is $91.55 and its 200 day moving average price is $96.26.

Analyst Ratings Changes

Several analysts have recently commented on LNW shares. JPMorgan Chase & Co. upped their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Macquarie upped their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. Benchmark upped their price objective on shares of Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Mizuho upped their price objective on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday. Finally, Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Light & Wonder currently has an average rating of “Moderate Buy” and an average price target of $110.83.

About Light & Wonder

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.