Light & Wonder, Inc. (NASDAQ:LNW) Stake Cut by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,241 shares of the company’s stock after selling 1,064 shares during the quarter. Yousif Capital Management LLC’s holdings in Light & Wonder were worth $1,576,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNW. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Light & Wonder by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,559 shares of the company’s stock worth $1,775,000 after purchasing an additional 281 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Light & Wonder in the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new position in Light & Wonder in the third quarter worth approximately $29,000. R Squared Ltd bought a new position in Light & Wonder during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Light & Wonder by 2.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company’s stock valued at $1,888,000 after acquiring an additional 458 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LNW shares. Truist Financial dropped their price target on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Jefferies Financial Group increased their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Benchmark reaffirmed a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.50.

Light & Wonder Trading Up 0.1 %

Shares of Light & Wonder stock opened at $94.48 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 0.30 and a beta of 1.72. The company’s fifty day simple moving average is $88.77 and its 200-day simple moving average is $96.16. Light & Wonder, Inc. has a 1 year low of $83.91 and a 1 year high of $115.00.

Light & Wonder Company Profile

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.