Light & Wonder, Inc. (NASDAQ:LNW) Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lifted its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 34.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,403 shares of the company’s stock after buying an additional 881 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Light & Wonder were worth $294,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. CIBC Asset Management Inc increased its position in shares of Light & Wonder by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,901 shares of the company’s stock worth $510,000 after purchasing an additional 146 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Light & Wonder by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock worth $3,477,000 after purchasing an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Light & Wonder by 1.5% during the third 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 stake in shares of Light & Wonder during the third quarter worth approximately $28,000. Finally, R Squared Ltd purchased a new stake in shares of Light & Wonder during the fourth quarter worth approximately $35,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Light & Wonder

In related news, CEO Siobhan Lane sold 3,784 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.37, for a total transaction of $398,720.08. Following the transaction, the chief executive officer now owns 21,254 shares of the company’s stock, valued at approximately $2,239,533.98. This represents a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Oliver Chow sold 2,595 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $104.94, for a total value of $272,319.30. Following the transaction, the chief financial officer now directly owns 3,695 shares in the company, valued at approximately $387,753.30. The trade was a 41.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,867 shares of company stock worth $1,037,884. 2.10% of the stock is currently owned by company insiders.

Light & Wonder Stock Performance

NASDAQ LNW opened at $103.47 on Wednesday. The stock has a market cap of $8.74 billion, a PE ratio of 32.13, a P/E/G ratio of 0.35 and a beta of 1.59. 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 twelve month low of $84.00 and a twelve month high of $115.00. The stock has a fifty day simple moving average of $95.99 and a 200-day simple moving average of $95.94.

Analysts Set New Price Targets

Several analysts recently commented on LNW shares. JPMorgan Chase & Co. boosted their price target on Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Jefferies Financial Group boosted their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Mizuho upped their target price on Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. Finally, Macquarie upped their target price on Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.91.

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.