Light & Wonder, Inc. (NASDAQ:LNW) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd raised its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 331.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,226 shares of the company’s stock after buying an additional 10,926 shares during the quarter. XTX Topco Ltd’s holdings in Light & Wonder were worth $1,492,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LNW. Norges Bank acquired a new position in Light & Wonder in the 4th quarter valued at about $124,523,000. Ninety One UK Ltd raised its position in shares of Light & Wonder by 128.0% in the second quarter. Ninety One UK Ltd now owns 910,298 shares of the company’s stock valued at $95,472,000 after buying an additional 511,081 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Light & Wonder by 95.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 896,372 shares of the company’s stock valued at $73,601,000 after buying an additional 438,443 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Light & Wonder by 102.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 767,155 shares of the company’s stock worth $78,320,000 after acquiring an additional 388,781 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Light & Wonder in the 2nd quarter worth approximately $15,539,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Light & Wonder from $98.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on Light & Wonder from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Truist Financial increased their price objective on shares of Light & Wonder from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Light & Wonder from $76.00 to $81.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Light & Wonder has an average rating of “Hold” and a consensus price target of $108.20.

Light & Wonder Trading Down 0.2 %

NASDAQ:LNW opened at $112.48 on Friday. Light & Wonder, Inc. has a 12 month low of $67.71 and a 12 month high of $115.00. The business’s 50-day moving average is $105.84 and its two-hundred day moving average is $100.55. The company has a debt-to-equity ratio of 4.90, a current ratio of 1.85 and a quick ratio of 1.58. The firm has a market capitalization of $9.98 billion, a PE ratio of 46.67, a price-to-earnings-growth ratio of 0.46 and a beta of 1.77.

Light & Wonder (NASDAQ:LNW) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.14). Light & Wonder had a return on equity of 40.51% and a net margin of 9.92%. The company had revenue of $818.00 million for the quarter, compared to analyst estimates of $798.09 million. During the same period last year, the firm posted $1.02 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. Research analysts predict that Light & Wonder, Inc. will post 4.44 earnings per share for the current fiscal year.

Light & Wonder Company Profile

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.