Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,241 shares of the company’s stock after selling 1,064 shares during the period. Yousif Capital Management LLC’s holdings in Light & Wonder were worth $1,576,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. True Wealth Design LLC acquired a new position in Light & Wonder during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new position in shares of Light & Wonder during the third quarter worth $29,000. R Squared Ltd purchased a new position in shares of Light & Wonder in the fourth quarter valued at $35,000. Quarry LP acquired a new stake in Light & Wonder during the 3rd quarter valued at $51,000. Finally, Blue Trust Inc. increased its stake in Light & Wonder by 194.3% during the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after buying an additional 474 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Light & Wonder Price Performance

NASDAQ:LNW opened at $94.48 on Thursday. 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 business’s 50-day moving average price is $88.77 and its 200 day moving average price is $96.16. Light & Wonder, Inc. has a 52-week low of $83.91 and a 52-week high of $115.00. The firm has a market cap of $8.34 billion, a P/E ratio of 29.34, a PEG ratio of 0.30 and a beta of 1.72.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LNW shares. Truist Financial decreased their price target on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Benchmark reissued a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.50.

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.