Light & Wonder, Inc. $LNW Shares Sold by KBC Group NV

KBC Group NV cut its position in Light & Wonder, Inc. (NASDAQ:LNW) by 32.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,538 shares of the company’s stock after selling 1,208 shares during the quarter. KBC Group NV’s holdings in Light & Wonder were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LNW. Envestnet Asset Management Inc. bought a new stake in shares of Light & Wonder during the first quarter valued at approximately $1,130,000. CWM LLC increased its position in Light & Wonder by 22.2% in the 1st quarter. CWM LLC now owns 5,355 shares of the company’s stock valued at $464,000 after acquiring an additional 973 shares during the period. Y Intercept Hong Kong Ltd increased its position in Light & Wonder by 87.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 12,967 shares of the company’s stock valued at $1,123,000 after acquiring an additional 6,067 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Light & Wonder during the 1st quarter valued at $855,000. Finally, Oak Thistle LLC acquired a new position in Light & Wonder during the 1st quarter worth $3,895,000. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Price Performance

Shares of Light & Wonder stock opened at $91.14 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.51 and a debt-to-equity ratio of 6.86. The company’s 50-day moving average price is $82.23 and its two-hundred day moving average price is $87.69. Light & Wonder, Inc. has a 52 week low of $69.56 and a 52 week high of $113.94. The stock has a market cap of $7.43 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 0.48 and a beta of 1.42.

Light & Wonder (NASDAQ:LNW) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.36. The company had revenue of $841.00 million during the quarter, compared to analyst estimates of $866.97 million. Light & Wonder had a net margin of 10.89% and a return on equity of 71.17%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. As a group, sell-side analysts anticipate that Light & Wonder, Inc. will post 4.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research lowered Light & Wonder from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Benchmark decreased their target price on shares of Light & Wonder from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 8th. JPMorgan Chase & Co. cut shares of Light & Wonder from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $108.00 to $95.00 in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Light & Wonder in a research note on Friday, October 31st. Finally, Macquarie decreased their price objective on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Light & Wonder has an average rating of “Hold” and an average target price of $102.14.

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.