Light & Wonder, Inc. (NASDAQ:LNW) Holdings Decreased by XY Capital Ltd

XY Capital Ltd cut its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 62.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,146 shares of the company’s stock after selling 22,024 shares during the quarter. Light & Wonder accounts for about 0.5% of XY Capital Ltd’s investment portfolio, making the stock its 18th largest holding. XY Capital Ltd’s holdings in Light & Wonder were worth $1,136,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT grew its holdings in shares of Light & Wonder by 94.3% during the fourth quarter. Iridian Asset Management LLC CT now owns 100,192 shares of the company’s stock valued at $8,655,000 after purchasing an additional 48,621 shares during the last quarter. R Squared Ltd acquired a new position in shares of Light & Wonder during the fourth quarter valued at $35,000. KBC Group NV grew its position in shares of Light & Wonder by 57.3% during the fourth quarter. KBC Group NV now owns 3,609 shares of the company’s stock worth $312,000 after acquiring an additional 1,315 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after acquiring an additional 474 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Light & Wonder by 2.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company’s stock valued at $1,888,000 after purchasing an additional 458 shares during the period. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Price Performance

Shares of LNW opened at $87.96 on Monday. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 0.30 and a beta of 1.72. Light & Wonder, Inc. has a fifty-two week low of $83.91 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The business’s 50-day moving average is $88.97 and its 200-day moving average is $96.27.

Analyst Upgrades and Downgrades

LNW has been the topic of several analyst reports. Benchmark restated a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a research report on Monday, January 27th. Jefferies Financial Group raised 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. Finally, Truist Financial lowered their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $108.50.

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.