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.
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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
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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.
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