Stillwater Capital Advisors LLC Decreases Stake in Light & Wonder, Inc. (NASDAQ:LNW)

Stillwater Capital Advisors LLC decreased its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,161 shares of the company’s stock after selling 350 shares during the quarter. Stillwater Capital Advisors LLC’s holdings in Light & Wonder were worth $699,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in Light & Wonder by 338.0% during the fourth quarter. Quadrant Capital Group LLC now owns 438 shares of the company’s stock worth $26,000 after purchasing an additional 338 shares during the last quarter. US Bancorp DE lifted its stake in Light & Wonder by 28.3% during the first quarter. US Bancorp DE now owns 1,001 shares of the company’s stock worth $60,000 after purchasing an additional 221 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Light & Wonder during the third quarter worth approximately $124,000. Amundi acquired a new position in Light & Wonder during the fourth quarter worth approximately $157,000. Finally, Meeder Asset Management Inc. acquired a new position in Light & Wonder during the first quarter worth approximately $161,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.

Light & Wonder Stock Down 0.2 %

LNW opened at $77.71 on Tuesday. The business’s fifty day moving average is $73.28 and its two-hundred day moving average is $65.67. The company has a debt-to-equity ratio of 3.14, a quick ratio of 2.69 and a current ratio of 3.01. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 19.67 and a beta of 1.84. Light & Wonder, Inc. has a one year low of $40.10 and a one year high of $79.07.

Light & Wonder (NASDAQ:LNW) last posted its earnings results on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.69. The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $674.33 million. Light & Wonder had a return on equity of 11.65% and a net margin of 13.88%. Analysts anticipate that Light & Wonder, Inc. will post 1.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Susquehanna lifted their price target on Light & Wonder from $81.00 to $86.00 and gave the stock a “positive” rating in a research report on Wednesday, August 9th. Jefferies Financial Group lifted their price target on Light & Wonder from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. SpectralCast reaffirmed a “reiterates” rating on shares of Light & Wonder in a research report on Tuesday, June 27th. Truist Financial boosted their target price on Light & Wonder from $78.00 to $86.00 and gave the company a “buy” rating in a report on Friday, September 8th. Finally, B. Riley boosted their target price on Light & Wonder from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.73.

Light & Wonder Profile

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. It operates through three segments: Gaming, SciPlay, and iGaming segments. The 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 gaming operators.