Oregon Public Employees Retirement Fund Buys Shares of 27,536 Light & Wonder, Inc. (NASDAQ:LNW)

Oregon Public Employees Retirement Fund purchased a new position in Light & Wonder, Inc. (NASDAQ:LNW – Get Rating) in the third quarter, HoldingsChannel reports. The firm purchased 27,536 shares of the company’s stock, valued at approximately $1,181,000.

Separately, Great West Life Assurance Co. Can acquired a new stake in shares of Light & Wonder in the 3rd quarter worth approximately $2,488,000. 96.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LNW has been the topic of a number of research reports. Credit Suisse Group boosted their target price on shares of Light & Wonder from $47.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, November 10th. Susquehanna Bancshares boosted their target price on shares of Light & Wonder from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, November 15th. Craig Hallum dropped their target price on shares of Light & Wonder to $85.00 in a report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Light & Wonder from $48.00 to $52.00 in a report on Friday, November 11th. Finally, Truist Financial cut their price target on shares of Light & Wonder from $75.00 to $70.00 in a report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.63.

Light & Wonder Stock Up 2.6 %

LNW stock opened at $62.95 on Monday. Light & Wonder, Inc. has a 52-week low of $40.10 and a 52-week high of $68.84. The company’s 50 day simple moving average is $61.97 and its 200-day simple moving average is $54.23. The company has a debt-to-equity ratio of 3.14, a current ratio of 2.55 and a quick ratio of 2.38. The firm has a market capitalization of $5.90 billion, a P/E ratio of 1.60 and a beta of 1.74.

Light & Wonder (NASDAQ:LNW – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $629.73 million. Light & Wonder had a net margin of 155.19% and a negative return on equity of 5.63%. As a group, equities research analysts anticipate that Light & Wonder, Inc. will post -1.83 EPS for the current year.

Light & Wonder Company Profile

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Light & Wonder, Inc develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games.