2 weeks Ago By Defense World Staff
American Century Companies Inc. boosted its position in Light & Wonder, Inc. ( NASDAQ:LNW – Free Report ) by 29.
7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,177 shares of the company’s stock after purchasing an additional 2,785 shares during the quarter. American Century Companies Inc.
’s holdings in Light & Wonder were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other large investors have also recently bought and sold shares of LNW. Ninety One UK Ltd grew its holdings in shares of Light & Wonder by 128.
0% during the second quarter. Ninety One UK Ltd now owns 910,298 shares of the company’s stock worth $95,472,000 after purchasing an additional 511,081 shares in the last quarter. Goldman Sachs Group Inc.
grew its stake in shares of Light & Wonder by 95.7% during the fourth quarter. Goldman Sachs Group Inc.
now owns 896,372 shares of the company’s stock valued at $73,601,000 after buying an additional 438,443 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Light & Wonder by 102.
8% in the first quarter. Price T Rowe Associates Inc. MD now owns 767,155 shares of the company’s stock worth $78,320,000 after buying an additional 388,781 shares during the period.
Ossiam bought a new stake in shares of Light & Wonder in the 1st quarter valued at about $13,578,000. Finally, M&G Plc purchased a new stake in Light & Wonder during the 1st quarter valued at about $10,570,000. 88.
08% of the stock is owned by institutional investors. Light & Wonder Trading Down 1.8 % Shares of LNW opened at $90.
73 on Tuesday. Light & Wonder, Inc. has a 1-year low of $67.
71 and a 1-year high of $115.00. The company has a current ratio of 1.
85, a quick ratio of 1.58 and a debt-to-equity ratio of 4.90.
The firm’s 50-day moving average price is $104.99 and its 200-day moving average price is $100.47.
The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 0.
39 and a beta of 1.77. Light & Wonder declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 7th that permits the company to buyback $1.
00 billion in shares. This buyback authorization permits the company to reacquire up to 10.1% of its shares through open market purchases.
Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued. Analysts Set New Price Targets LNW has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target on Light & Wonder from $108.
00 to $100.00 and set a “hold” rating on the stock in a research note on Wednesday, September 25th. Benchmark reaffirmed a “buy” rating and issued a $114.
00 target price on shares of Light & Wonder in a research note on Thursday, August 8th. Truist Financial increased their price target on shares of Light & Wonder from $115.00 to $120.
00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Maxim Group started coverage on shares of Light & Wonder in a research report on Monday, August 26th. They issued a “buy” rating and a $144.
00 price objective on the stock. Finally, Susquehanna dropped their target price on shares of Light & Wonder from $92.00 to $90.
00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.
com, Light & Wonder has an average rating of “Hold” and a consensus price target of $106.60. View Our Latest Analysis on LNW Light & Wonder Company Profile ( Free Report ) Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally.
The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment. Featured Stories Five stocks we like better than Light & Wonder REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today TJX Stock: A Buying Opportunity Before the Holiday Rush Short Selling: How to Short a Stock Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Want to Profit on the Downtrend? Downtrends, Explained.
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