Semanteon Capital Management LP Invests $1.15 Million in Light & Wonder, Inc. (NASDAQ:LNW)

Semanteon Capital Management LP purchased a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,034 shares of the company’s stock, valued at approximately $1,152,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNW. Vanguard Group Inc. lifted its stake in shares of Light & Wonder by 0.5% in the third quarter. Vanguard Group Inc. now owns 9,152,926 shares of the company’s stock worth $652,878,000 after acquiring an additional 46,751 shares during the period. Moody Aldrich Partners LLC acquired a new position in shares of Light & Wonder in the fourth quarter worth approximately $6,848,000. Barclays PLC lifted its stake in shares of Light & Wonder by 95.8% in 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. Duality Advisers LP acquired a new position in shares of Light & Wonder in the third quarter worth approximately $565,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Light & Wonder in the fourth quarter worth approximately $2,077,000. 88.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Light & Wonder news, VP James Sottile sold 1,549 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $101.15, for a total value of $156,681.35. Following the completion of the transaction, the vice president now owns 57,478 shares in the company, valued at approximately $5,813,899.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Light & Wonder news, VP James Sottile sold 1,549 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $101.15, for a total value of $156,681.35. Following the completion of the transaction, the vice president now owns 57,478 shares in the company, valued at approximately $5,813,899.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Vanja Kalabic sold 1,149 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $100.72, for a total value of $115,727.28. Following the completion of the transaction, the chief accounting officer now owns 1,600 shares of the company’s stock, valued at approximately $161,152. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,537 shares of company stock worth $760,427. 2.00% of the stock is owned by corporate insiders.

Light & Wonder Stock Down 0.7 %

Light & Wonder stock traded down $0.64 during trading on Thursday, hitting $92.91. 538,783 shares of the company were exchanged, compared to its average volume of 579,650. The business’s 50 day moving average is $97.55 and its 200 day moving average is $87.12. Light & Wonder, Inc. has a 52 week low of $56.01 and a 52 week high of $108.90. The company has a market capitalization of $8.35 billion, a P/E ratio of 52.79 and a beta of 1.78. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 5.04.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.03). Light & Wonder had a return on equity of 23.68% and a net margin of 5.58%. The company had revenue of $770.00 million for the quarter, compared to the consensus estimate of $748.30 million. During the same quarter last year, the company posted $0.12 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Analysts predict that Light & Wonder, Inc. will post 3.78 earnings per share for the current year.

Analyst Ratings Changes

LNW has been the topic of several recent analyst reports. Macquarie boosted their price target on Light & Wonder from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Mizuho initiated coverage on Light & Wonder in a research note on Tuesday, March 26th. They issued an “underperform” rating and a $83.00 price target on the stock. Susquehanna boosted their price target on Light & Wonder from $100.00 to $111.00 and gave the company a “positive” rating in a research note on Wednesday, February 28th. Redburn Atlantic lowered Light & Wonder from a “buy” rating to a “neutral” rating and boosted their price target for the company from $105.00 to $110.00 in a research note on Monday, March 11th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $103.00 price target (up from $97.00) on shares of Light & Wonder in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.75.

About Light & Wonder

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 game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.