Perpetual Ltd Lowers Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Perpetual Ltd decreased its position in Light & Wonder, Inc. (NASDAQ:LNW) by 45.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,011 shares of the company’s stock after selling 217,378 shares during the period. Perpetual Ltd owned approximately 0.29% of Light & Wonder worth $22,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Light & Wonder in the third quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new position in Light & Wonder in the 3rd quarter worth approximately $29,000. Quarry LP bought a new position in Light & Wonder in the 3rd quarter valued at approximately $51,000. GAMMA Investing LLC boosted its stake in Light & Wonder by 120.1% during the 3rd quarter. GAMMA Investing LLC now owns 896 shares of the company’s stock valued at $81,000 after purchasing an additional 489 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Light & Wonder in the 3rd quarter worth $104,000. 88.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LNW shares. Craig Hallum raised Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. UBS Group upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Susquehanna reduced their price target on shares of Light & Wonder from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Truist Financial lowered their price objective on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.50.

Light & Wonder Trading Up 0.9 %

NASDAQ:LNW opened at $90.04 on Tuesday. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 0.31 and a beta of 1.73. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The business has a fifty day moving average price of $90.99 and a 200-day moving average price of $97.91. Light & Wonder, Inc. has a one year low of $79.22 and a one year high of $115.00.

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.