AlphaQuest LLC Has $31,000 Stock Position in Light & Wonder, Inc. (NASDAQ:LNW)

AlphaQuest LLC decreased its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 90.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 355 shares of the company’s stock after selling 3,361 shares during the period. AlphaQuest LLC’s holdings in Light & Wonder were worth $31,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in Light & Wonder during the third quarter valued at about $28,000. R Squared Ltd bought a new position in Light & Wonder during the fourth quarter valued at about $35,000. Quarry LP bought a new position in Light & Wonder during the third quarter valued at about $51,000. Blue Trust Inc. raised its holdings in Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after buying an additional 474 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Light & Wonder during the third quarter valued at about $104,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Trading Down 0.6 %

Shares of LNW opened at $103.67 on Friday. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 0.35 and a beta of 1.59. The stock’s 50-day moving average price is $97.11 and its 200 day moving average price is $96.02.

Analysts Set New Price Targets

Several research firms have weighed in on LNW. Macquarie raised their target price on Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Mizuho lifted their price objective on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Light & Wonder presently has an average rating of “Moderate Buy” and a consensus target price of $110.91.

Insider Activity at Light & Wonder

In other Light & Wonder news, CEO Siobhan Lane sold 3,784 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.37, for a total transaction of $398,720.08. Following the sale, the chief executive officer now directly owns 21,254 shares of the company’s stock, valued at approximately $2,239,533.98. The trade was a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the sale, the chief accounting officer now directly owns 5,016 shares in the company, valued at $523,720.56. The trade was a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,867 shares of company stock worth $1,037,884 over the last three months. Company insiders own 2.10% of the company’s stock.

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.