Russell Investments Group Ltd. bought a new position in Light & Wonder, Inc. (NASDAQ:LNW – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 88,427 shares of the company's stock, valued at approximately $3,790,000. Russell Investments Group Ltd. owned about 0.09% of Light & Wonder at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in LNW. Great West Life Assurance Co. Can bought a new stake in shares of Light & Wonder in the third quarter worth about $2,488,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Light & Wonder in the third quarter worth about $1,181,000. Victory Capital Management Inc. bought a new stake in shares of Light & Wonder in the third quarter worth about $23,773,000. Los Angeles Capital Management LLC purchased a new position in Light & Wonder in the third quarter worth about $307,000. Finally, Ellevest Inc. purchased a new position in Light & Wonder in the third quarter worth about $79,000. 96.42% of the stock is owned by institutional investors.
Get
Light & Wonder alerts:
Light & Wonder Stock Up 1.4 %
Shares of NASDAQ:LNW opened at $67.93 on Friday. The business has a 50 day simple moving average of $62.15 and a two-hundred day simple moving average of $55.57. The company has a debt-to-equity ratio of 3.14, a current ratio of 2.55 and a quick ratio of 2.38. Light & Wonder, Inc. has a 1 year low of $40.10 and a 1 year high of $68.84. The firm has a market capitalization of $6.36 billion, a PE ratio of 1.73 and a beta of 1.80.
Light & Wonder (NASDAQ:LNW – Get Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). Light & Wonder had a net
margin of 155.19% and a negative return on equity of 5.63%. The company had revenue of $648.00 million for the quarter, compared to the consensus estimate of $629.73 million. On average, equities analysts predict that Light & Wonder, Inc. will post -1.83 EPS for the current year.
Analyst Upgrades and Downgrades
LNW has been the subject of several recent research reports. Susquehanna Bancshares lifted their price target on Light & Wonder from $55.00 to $61.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 15th. Credit Suisse Group lifted their price target on Light & Wonder from $47.00 to $48.00 and gave the stock an "underperform" rating in a research report on Thursday, November 10th. Craig Hallum dropped their price target on Light & Wonder to $85.00 in a research report on Tuesday, November 15th. Macquarie assumed coverage on Light & Wonder in a research report on Friday, November 11th. They set an "outperform" rating and a $65.00 target price for the company. Finally, Truist Financial dropped their target price on Light & Wonder from $75.00 to $70.00 in a research report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Light & Wonder has an average rating of "Hold" and an average price target of $61.63.
Light & Wonder Profile
(Get Rating)
Light & Wonder, Inc engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, SciPlay, and iGaming. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.
Recommended Stories
- Get a free copy of the StockNews.com research report on Light & Wonder (LNW)
- MarketBeat Week in Review – 1/30 – 2/3
- Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
- Zimmer Biomet Beats on Earnings, Growth May be Priced In
- AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
- Ford Stock Going Forward After Big Earnings Flop
Want to see what other hedge funds are holding LNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Light & Wonder, Inc. (NASDAQ:LNW – Get Rating).
Receive News & Ratings for Light & Wonder Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Light & Wonder and related companies with MarketBeat.com's FREE daily email newsletter.
