Oak Thistle LLC Makes New Investment in Light & Wonder, Inc. $LNW

Oak Thistle LLC purchased a new stake in Light & Wonder, Inc. (NASDAQ:LNW – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,486 shares of the company’s stock, valued at approximately $1,887,000.

A number of other hedge funds have also recently added to or reduced their stakes in LNW. Comerica Bank increased its position in shares of Light & Wonder by 141.4% in the first quarter. Comerica Bank now owns 38,936 shares of the company’s stock worth $3,372,000 after purchasing an additional 22,806 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Light & Wonder during the 1st quarter worth approximately $320,000. Voya Investment Management LLC lifted its stake in shares of Light & Wonder by 14.1% in the 1st quarter. Voya Investment Management LLC now owns 73,002 shares of the company’s stock valued at $6,323,000 after acquiring an additional 9,043 shares during the last quarter. United Services Automobile Association bought a new position in Light & Wonder in the first quarter valued at about $516,000. Finally, Wedge Capital Management L L P NC raised its holdings in Light & Wonder by 9.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 416,087 shares of the company’s stock valued at $40,053,000 after buying an additional 36,887 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Stock Up 1.8%

Light & Wonder stock opened at $91.14 on Thursday. The stock has a market cap of $7.43 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 0.48 and a beta of 1.42. The company has a debt-to-equity ratio of 6.86, a quick ratio of 1.51 and a current ratio of 1.77. The firm’s 50-day simple moving average is $84.38 and its 200 day simple moving average is $88.31. Light & Wonder, Inc. has a fifty-two week low of $69.56 and a fifty-two week high of $113.94.

Light & Wonder (NASDAQ:LNW – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.36. The company had revenue of $841.00 million during the quarter, compared to the consensus estimate of $866.97 million. Light & Wonder had a return on equity of 71.17% and a net margin of 10.89%.Light & Wonder’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. Research analysts predict that Light & Wonder, Inc. will post 4.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Benchmark lifted their target price on Light & Wonder from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Light & Wonder in a research note on Friday, October 31st. Finally, Stifel Nicolaus reduced their price objective on Light & Wonder from $95.00 to $83.00 and set a “hold” rating for the company in a research note 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $105.00.

Get Our Latest Analysis on LNW

Light & Wonder Profile

(Free Report)

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.

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