2 days Ago By ABMN Staff
Russell Investments Group Ltd. reduced its position in shares of Light & Wonder, Inc. ( NASDAQ:LNW – Free Report ) by 59.
4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,726 shares of the company’s stock after selling 58,144 shares during the period. Russell Investments Group Ltd.
’s holdings in Light & Wonder were worth $3,432,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in Light & Wonder by 539.
6% in the third quarter. Barclays PLC now owns 155,852 shares of the company’s stock valued at $14,142,000 after purchasing an additional 131,486 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Light & Wonder during the 3rd quarter worth approximately $222,000.
Tidal Investments LLC lifted its position in shares of Light & Wonder by 18.0% during the 3rd quarter. Tidal Investments LLC now owns 8,038 shares of the company’s stock worth $729,000 after buying an additional 1,226 shares during the last quarter.
Exchange Traded Concepts LLC boosted its holdings in shares of Light & Wonder by 2.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company’s stock valued at $1,888,000 after buying an additional 458 shares in the last quarter.
Finally, Blue Trust Inc. grew its position in shares of Light & Wonder by 194.3% in the 4th quarter.
Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after buying an additional 474 shares during the last quarter. Institutional investors and hedge funds own 88.
08% of the company’s stock. Wall Street Analyst Weigh In A number of brokerages recently weighed in on LNW. Stifel Nicolaus reduced their price target on shares of Light & Wonder from $104.
00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, April 3rd. Mizuho boosted their target price on Light & Wonder from $76.
00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. Macquarie raised their price target on Light & Wonder from $122.
00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Benchmark boosted their price objective on Light & Wonder from $114.
00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group increased their price objective on Light & Wonder from $120.
00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock.
According to MarketBeat, Light & Wonder has a consensus rating of “Moderate Buy” and a consensus target price of $109.91. Insiders Place Their Bets In other news, VP James Sottile sold 2,356 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th.
The stock was sold at an average price of $105.54, for a total value of $248,652.24.
Following the completion of the sale, the vice president now directly owns 77,331 shares of the company’s stock, valued at $8,161,513.74. This trade represents a 2.
96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, CAO Vanja Kalabic sold 1,132 shares of the company’s stock in a transaction on Thursday, March 6th.
The stock was sold at an average price of $104.41, for a total value of $118,192.12.
Following the transaction, the chief accounting officer now directly owns 5,016 shares in the company, valued at $523,720.56. This represents a 18.
41 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders sold 9,867 shares of company stock worth $1,037,884.
2.10% of the stock is owned by insiders. Light & Wonder Price Performance Shares of NASDAQ LNW opened at $78.
36 on Thursday. The stock has a fifty day moving average price of $96.54 and a 200 day moving average price of $93.
42. Light & Wonder, Inc. has a 1-year low of $75.
46 and a 1-year 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 company has a market cap of $6.62 billion, a PE ratio of 24.34, a P/E/G ratio of 0.
35 and a beta of 1.38. Light & Wonder Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding LNW? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Light & Wonder, Inc. ( NASDAQ:LNW – Free Report ). Receive News & Ratings for Light & Wonder Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Light & Wonder and related companies with MarketBeat.
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