Iridian Asset Management LLC CT Grows Position in Light & Wonder, Inc. (NASDAQ:LNW)

Iridian Asset Management LLC CT raised its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 94.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 100,192 shares of the company’s stock after purchasing an additional 48,621 shares during the period. Light & Wonder accounts for about 2.3% of Iridian Asset Management LLC CT’s portfolio, making the stock its 15th largest position. Iridian Asset Management LLC CT’s holdings in Light & Wonder were worth $8,655,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. State Street Corp increased its holdings in Light & Wonder by 2.2% during 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 boosted its position in Light & Wonder by 28.7% during the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after acquiring an additional 324,088 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Light & Wonder by 6.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 434,206 shares of the company’s stock valued at $39,396,000 after acquiring an additional 25,284 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Light & Wonder in the 3rd quarter worth $25,277,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Light & Wonder by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 206,851 shares of the company’s stock worth $18,768,000 after purchasing an additional 2,972 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Stock Up 1.3 %

LNW stock opened at $88.14 on Friday. The company has a market capitalization of $7.78 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. Light & Wonder, Inc. has a 12 month low of $82.41 and a 12 month high of $115.00. The firm’s fifty day simple moving average is $89.11 and its 200-day simple moving average is $96.49. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61.

Wall Street Analysts Forecast Growth

LNW has been the topic of several recent analyst reports. Truist Financial reduced their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Benchmark restated a “buy” rating and set a $114.00 price objective on shares of Light & Wonder in a report on Monday, January 27th. Finally, Jefferies Financial Group boosted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Light & Wonder currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.50.

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.