CIBC Asset Management Inc Buys 146 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

CIBC Asset Management Inc increased its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,901 shares of the company’s stock after purchasing an additional 146 shares during the period. CIBC Asset Management Inc’s holdings in Light & Wonder were worth $510,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised 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 position in Light & Wonder in the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in Light & Wonder in the 3rd quarter worth approximately $29,000. R Squared Ltd bought a new position in Light & Wonder in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC raised its position in Light & Wonder by 2.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,858 shares of the company’s stock worth $1,888,000 after purchasing an additional 458 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on LNW shares. Jefferies Financial Group boosted their price objective 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. Benchmark reaffirmed a “buy” rating and set a $114.00 target price on shares of Light & Wonder in a report on Wednesday. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus lifted their target price on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Macquarie lifted their target price on shares of Light & Wonder from $117.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.25.

Light & Wonder Price Performance

Shares of LNW stock opened at $101.83 on Friday. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The firm has a fifty day moving average of $89.67 and a 200-day moving average of $96.03.

Light & Wonder 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.