Ieq Capital LLC Purchases 17,396 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Ieq Capital LLC raised its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 590.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,343 shares of the company’s stock after buying an additional 17,396 shares during the quarter. Ieq Capital LLC’s holdings in Light & Wonder were worth $1,757,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Light & Wonder during the third quarter valued at $108,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Light & Wonder in the 3rd quarter worth about $420,000. State of Alaska Department of Revenue raised its position in shares of Light & Wonder by 5.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,305 shares of the company’s stock valued at $934,000 after buying an additional 535 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Light & Wonder by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 84,365 shares of the company’s stock valued at $7,654,000 after acquiring an additional 719 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its position in Light & Wonder by 12.1% in the third quarter. Iridian Asset Management LLC CT now owns 51,571 shares of the company’s stock worth $4,679,000 after acquiring an additional 5,570 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Stock Performance

NASDAQ LNW opened at $101.83 on Monday. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. Light & Wonder, Inc. has a 1-year low of $84.00 and a 1-year high of $115.00. The company has a market cap of $8.99 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. The stock’s 50 day simple moving average is $89.67 and its 200-day simple moving average is $96.00.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus increased their price target on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Jefferies Financial Group increased their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research note on Wednesday, February 19th. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Macquarie raised their price objective on shares of Light & Wonder from $117.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Light & Wonder currently has an average rating of “Moderate Buy” and an average target price of $109.25.

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.