Emerald Advisers LLC Has $18.50 Million Stock Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Emerald Advisers LLC lessened its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,434 shares of the company’s stock after selling 5,322 shares during the quarter. Emerald Advisers LLC owned about 0.20% of Light & Wonder worth $18,504,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in Light & Wonder in the 1st quarter valued at approximately $38,000. Fidelis Capital Partners LLC acquired a new position in Light & Wonder during the 1st quarter valued at $38,000. GAMMA Investing LLC boosted its holdings in Light & Wonder by 59.6% in the 2nd quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock valued at $43,000 after purchasing an additional 152 shares during the period. USA Financial Formulas acquired a new stake in Light & Wonder in the 4th quarter worth $62,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Light & Wonder during the 4th quarter worth about $69,000. Institutional investors own 88.08% of the company’s stock.

Wall Street Analyst Weigh In

LNW has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of Light & Wonder from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Truist Financial raised 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. Macquarie lifted their target price on shares of Light & Wonder from $120.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Light & Wonder from $76.00 to $81.00 and gave the company a “hold” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $106.36.

Light & Wonder Stock Down 2.3 %

NASDAQ:LNW opened at $105.00 on Friday. The stock’s fifty day moving average price is $104.90 and its two-hundred day moving average price is $99.75. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 43.57, a P/E/G ratio of 0.45 and a beta of 1.77. Light & Wonder, Inc. has a 52-week low of $67.71 and a 52-week high of $111.00. The company has a debt-to-equity ratio of 4.90, a quick ratio of 1.58 and a current ratio of 1.85.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14). The firm had revenue of $818.00 million during the quarter, compared to analyst estimates of $798.09 million. Light & Wonder had a return on equity of 40.51% and a net margin of 9.92%. Light & Wonder’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. On average, analysts anticipate that Light & Wonder, Inc. will post 4.44 EPS for the current year.

Light & Wonder 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.