Simon Quick Advisors LLC Decreases Stock Position in Light & Wonder, Inc. (NASDAQ:LNW)

Simon Quick Advisors LLC lessened its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,616 shares of the company’s stock after selling 132 shares during the quarter. Simon Quick Advisors LLC’s holdings in Light & Wonder were worth $399,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LNW. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Light & Wonder by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,559 shares of the company’s stock worth $1,775,000 after purchasing an additional 281 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Light & Wonder in the third quarter worth $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Light & Wonder during the third quarter worth $29,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Light & Wonder by 6.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,320 shares of the company’s stock valued at $685,000 after buying an additional 360 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Light & Wonder by 120.1% in the 3rd quarter. GAMMA Investing LLC now owns 896 shares of the company’s stock valued at $81,000 after acquiring an additional 489 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Craig Hallum raised Light & Wonder to a “strong-buy” rating in a research report on Friday, October 4th. Jefferies Financial Group upped their target price on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. B. Riley assumed coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They set a “buy” rating and a $120.00 price target for the company. Finally, Truist Financial dropped their price objective on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.50.

Light & Wonder Trading Down 3.1 %

Shares of Light & Wonder stock opened at $88.03 on Friday. Light & Wonder, Inc. has a fifty-two week low of $79.22 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The company has a market cap of $7.77 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 0.31 and a beta of 1.73. The firm has a 50-day simple moving average of $90.64 and a two-hundred day simple moving average of $97.70.

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.