Light & Wonder, Inc. (NASDAQ:LNW) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 29.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 23,903 shares of the company’s stock after buying an additional 5,397 shares during the period. Teacher Retirement System of Texas’ holdings in Light & Wonder were worth $2,065,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its holdings in Light & Wonder by 2.2% in the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after acquiring an additional 56,890 shares during the last quarter. FMR LLC increased its stake in Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after purchasing an additional 324,088 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Light & Wonder during the third quarter worth about $25,277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Light & Wonder by 1.5% during the third 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 buying an additional 2,972 shares during the period. Finally, Barclays PLC boosted its stake in Light & Wonder by 539.6% in the 3rd quarter. Barclays PLC now owns 155,852 shares of the company’s stock worth $14,142,000 after buying an additional 131,486 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Wall Street Analyst Weigh In

LNW has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group boosted their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Benchmark upped their price objective on Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Macquarie lifted 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Light & Wonder presently has an average rating of “Moderate Buy” and an average price target of $110.91.

Light & Wonder Trading Down 5.8 %

LNW opened at $99.36 on Friday. The firm’s 50 day moving average is $98.50 and its 200-day moving average is $95.95. Light & Wonder, Inc. has a 52-week low of $84.00 and a 52-week high of $115.00. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The firm has a market capitalization of $8.39 billion, a P/E ratio of 30.86, a P/E/G ratio of 0.35 and a beta of 1.59.

Insider Buying and Selling

In other Light & Wonder news, CAO Vanja Kalabic sold 1,132 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total transaction of $118,192.12. Following the completion of the sale, the chief accounting officer now owns 5,016 shares in the company, valued at $523,720.56. This trade represents a 18.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Siobhan Lane sold 3,784 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.37, for a total value of $398,720.08. Following the completion of the transaction, the chief executive officer now directly owns 21,254 shares in the company, valued at approximately $2,239,533.98. The trade was a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,867 shares of company stock valued at $1,037,884 in the last quarter. Company insiders own 2.10% of the company’s stock.

Light & Wonder 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.