Arizona State Retirement System Has $2.22 Million Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Arizona State Retirement System cut its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,718 shares of the company’s stock after selling 237 shares during the quarter. Arizona State Retirement System’s holdings in Light & Wonder were worth $2,222,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. 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 period. FMR LLC lifted its stake in Light & Wonder by 28.7% in the third 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 period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Light & Wonder in the third quarter valued at approximately $25,277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Light & Wonder by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 206,851 shares of the company’s stock valued at $18,768,000 after buying an additional 2,972 shares during the period. Finally, 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 period. 88.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Light & Wonder news, VP James Sottile sold 2,356 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.54, for a total value of $248,652.24. Following the transaction, the vice president now owns 77,331 shares of the company’s stock, valued at approximately $8,161,513.74. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Vanja Kalabic sold 1,132 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total value of $118,192.12. Following the completion of the transaction, the chief accounting officer now directly owns 5,016 shares in the company, valued at approximately $523,720.56. This represents a 18.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,867 shares of company stock valued at $1,037,884. Insiders own 2.10% of the company’s stock.

Light & Wonder Trading Down 2.0 %

Shares of Light & Wonder stock opened at $102.99 on Tuesday. The stock has a fifty day simple moving average of $93.96 and a 200 day simple moving average of $96.17. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. The company has a market capitalization of $8.70 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Benchmark boosted their price objective on Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 28th. Stifel Nicolaus boosted their price objective on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Jefferies Financial Group boosted their price objective on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Mizuho boosted their price objective on Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. Finally, Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.83.

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.