Legal & General Group Plc Has $15.28 Million Stock Holdings in Light & Wonder, Inc. $LNW

Legal & General Group Plc raised its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 158,693 shares of the company’s stock after acquiring an additional 7,950 shares during the period. Legal & General Group Plc owned approximately 0.19% of Light & Wonder worth $15,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LNW. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Light & Wonder by 0.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,018 shares of the company’s stock worth $1,907,000 after purchasing an additional 133 shares during the period. AlphaQuest LLC boosted its holdings in Light & Wonder by 41.8% during the second quarter. AlphaQuest LLC now owns 604 shares of the company’s stock worth $58,000 after buying an additional 178 shares during the last quarter. IFP Advisors Inc grew its position in shares of Light & Wonder by 198.9% during the 2nd quarter. IFP Advisors Inc now owns 269 shares of the company’s stock worth $26,000 after buying an additional 179 shares during the period. Savant Capital LLC increased its stake in shares of Light & Wonder by 6.3% in the 2nd quarter. Savant Capital LLC now owns 3,029 shares of the company’s stock valued at $292,000 after acquiring an additional 180 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Light & Wonder by 18.7% in the 1st quarter. US Bancorp DE now owns 1,164 shares of the company’s stock valued at $101,000 after acquiring an additional 183 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.

Light & Wonder Trading Up 1.8%

Shares of NASDAQ:LNW opened at $91.14 on Friday. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 0.48 and a beta of 1.42. Light & Wonder, Inc. has a 12 month low of $69.56 and a 12 month high of $113.94. The company’s fifty day simple moving average is $82.63 and its 200 day simple moving average is $87.85. The company has a quick ratio of 1.51, a current ratio of 1.77 and a debt-to-equity ratio of 6.86.

Light & Wonder (NASDAQ:LNW) last announced its earnings results on Wednesday, November 5th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.36. Light & Wonder had a net margin of 10.89% and a return on equity of 71.17%. The firm had revenue of $841.00 million during the quarter, compared to analyst estimates of $866.97 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, research analysts forecast that Light & Wonder, Inc. will post 4.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LNW. Macquarie reduced their price objective on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Zacks Research cut shares of Light & Wonder from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Benchmark decreased their price target on shares of Light & Wonder from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 8th. JPMorgan Chase & Co. downgraded Light & Wonder from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $108.00 to $95.00 in a research note on Thursday, August 7th. Finally, Stifel Nicolaus reduced their target price on Light & Wonder from $95.00 to $83.00 and set a “hold” rating on the stock in a report on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $102.14.

About Light & Wonder

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.