Rhumbline Advisers Trims Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Rhumbline Advisers reduced its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,827 shares of the company’s stock after selling 2,194 shares during the period. Rhumbline Advisers owned 0.29% of Light & Wonder worth $21,753,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LNW. FMR LLC boosted its stake in shares of Light & Wonder by 28.7% during the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after buying an additional 324,088 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Light & Wonder in the third quarter valued at $25,277,000. Barclays PLC lifted its stake in Light & Wonder by 539.6% in the third quarter. Barclays PLC now owns 155,852 shares of the company’s stock valued at $14,142,000 after buying an additional 131,486 shares during the last quarter. State Street Corp lifted its stake in Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after buying an additional 56,890 shares during the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in shares of Light & Wonder by 94.3% during the fourth quarter. Iridian Asset Management LLC CT now owns 100,192 shares of the company’s stock valued at $8,655,000 after purchasing an additional 48,621 shares in the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LNW shares. Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus lifted their target price on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group lifted their target price on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Macquarie lifted their target price on Light & Wonder from $117.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Benchmark reissued a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have issued 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.25.

Light & Wonder Stock Down 1.0 %

Shares of Light & Wonder stock opened at $104.89 on Friday. The stock has a market capitalization of $9.26 billion, a P/E ratio of 32.57, a PEG ratio of 0.34 and a beta of 1.72. 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 stock has a 50 day moving average price of $89.47 and a two-hundred day moving average price of $96.04. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00.

Light & Wonder 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.