Swiss National Bank Grows Position in Light & Wonder, Inc. (NASDAQ:LNW)

Swiss National Bank raised its position in Light & Wonder, Inc. (NASDAQ:LNWFree Report) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,300 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Swiss National Bank’s holdings in Light & Wonder were worth $14,287,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Duality Advisers LP purchased a new position in Light & Wonder in the 3rd quarter worth about $565,000. Barclays PLC increased its position in shares of Light & Wonder by 95.8% during the third quarter. Barclays PLC now owns 168,548 shares of the company’s stock worth $12,021,000 after acquiring an additional 82,460 shares during the period. 1060 Capital LLC bought a new stake in shares of Light & Wonder during the second quarter valued at approximately $6,059,000. JPMorgan Chase & Co. boosted its holdings in shares of Light & Wonder by 33.4% in the second quarter. JPMorgan Chase & Co. now owns 483,687 shares of the company’s stock valued at $33,258,000 after purchasing an additional 120,976 shares during the period. Finally, CTF Capital Management LP bought a new position in Light & Wonder in the second quarter worth approximately $4,455,000. Institutional investors own 85.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LNW shares. JPMorgan Chase & Co. began coverage on shares of Light & Wonder in a report on Tuesday, January 30th. They set an “overweight” rating and a $98.00 price objective on the stock. Truist Financial boosted their price target on Light & Wonder from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. TheStreet upgraded Light & Wonder from a “c” rating to a “b” rating in a research note on Friday, November 10th. Susquehanna lifted their price objective on shares of Light & Wonder from $86.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, November 14th. Finally, Benchmark started coverage on Light & Wonder in a research report on Tuesday, January 16th. They set a “buy” rating and a $92.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.82.

Get Our Latest Stock Report on Light & Wonder

Light & Wonder Stock Up 3.2 %

Shares of LNW stock opened at $88.22 on Monday. Light & Wonder, Inc. has a twelve month low of $53.77 and a twelve month high of $89.02. The stock has a market cap of $7.94 billion, a P/E ratio of 65.35 and a beta of 1.75. The stock has a 50 day moving average of $82.48 and a 200 day moving average of $78.57. The company has a current ratio of 2.78, a quick ratio of 2.48 and a debt-to-equity ratio of 3.36.

Light & Wonder (NASDAQ:LNWGet Free Report) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.39. Light & Wonder had a net margin of 4.48% and a return on equity of 17.11%. The business had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $714.92 million. As a group, sell-side analysts expect that Light & Wonder, Inc. will post 1.79 EPS for the current year.

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 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 core and non-core system solutions, and other applications and tools.

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Institutional Ownership by Quarter for Light & Wonder (NASDAQ:LNW)

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