Natixis Advisors LLC Has $1.20 Million Position in Light & Wonder, Inc. (NASDAQ:LNW)

Natixis Advisors LLC lowered its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,880 shares of the company’s stock after selling 6,636 shares during the quarter. Natixis Advisors LLC’s holdings in Light & Wonder were worth $1,199,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Light & Wonder by 393.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,554 shares of the company’s stock valued at $3,589,000 after purchasing an additional 33,136 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Light & Wonder by 11.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,885 shares of the company’s stock valued at $1,890,000 after buying an additional 2,326 shares in the last quarter. Inceptionr LLC acquired a new stake in Light & Wonder in the 4th quarter valued at $261,000. Y Intercept Hong Kong Ltd bought a new stake in Light & Wonder in the fourth quarter valued at $596,000. Finally, Ieq Capital LLC raised its stake in Light & Wonder by 590.3% during the fourth quarter. Ieq Capital LLC now owns 20,343 shares of the company’s stock worth $1,757,000 after acquiring an additional 17,396 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Trading Up 0.3 %

LNW stock opened at $107.49 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a twelve month low of $84.00 and a twelve month high of $115.00. The company has a market cap of $9.08 billion, a P/E ratio of 33.38, a PEG ratio of 0.35 and a beta of 1.59. The business has a fifty day moving average of $97.97 and a 200-day moving average of $95.86.

Insiders Place Their Bets

In other Light & Wonder news, CAO Vanja Kalabic sold 1,132 shares of Light & Wonder stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total transaction of $118,192.12. Following the completion of the sale, the chief accounting officer now owns 5,016 shares of the company’s stock, valued at approximately $523,720.56. The trade was a 18.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Siobhan Lane sold 3,784 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.37, for a total value of $398,720.08. Following the completion of the transaction, the chief executive officer now directly owns 21,254 shares in the company, valued at approximately $2,239,533.98. This trade represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,867 shares of company stock valued at $1,037,884. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LNW. JPMorgan Chase & Co. boosted their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Benchmark boosted their price target on shares of Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Stifel Nicolaus raised their price objective on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Mizuho lifted their target price on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a research note on Wednesday, February 26th. Finally, Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Light & Wonder has an average rating of “Moderate Buy” and a consensus target price of $110.91.

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.