Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,675 shares of the company’s stock after selling 224 shares during the quarter. Securian Asset Management Inc.’s holdings in Light & Wonder were worth $577,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Light & Wonder by 11.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,885 shares of the company’s stock worth $1,890,000 after purchasing an additional 2,326 shares in the last quarter. Inceptionr LLC acquired a new stake in Light & Wonder during the 4th quarter worth approximately $261,000. Y Intercept Hong Kong Ltd acquired a new stake in Light & Wonder during the 4th quarter worth approximately $596,000. Ieq Capital LLC grew its position in Light & Wonder by 590.3% in the fourth quarter. Ieq Capital LLC now owns 20,343 shares of the company’s stock valued at $1,757,000 after acquiring an additional 17,396 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Light & Wonder by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock valued at $3,477,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Stock Performance

Shares of LNW opened at $103.67 on Monday. The business’s fifty day moving average price is $95.26 and its 200 day moving average price is $96.01. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. The stock has a market capitalization of $8.76 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61.

Wall Street Analyst Weigh In

LNW has been the subject of several recent research reports. Mizuho increased their price objective on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a research report on Wednesday, February 26th. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Macquarie increased their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Stifel Nicolaus increased their price objective on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. Finally, Benchmark increased their price objective on shares of Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.91.

Insider Buying and Selling

In related news, CEO Siobhan Lane sold 3,784 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.37, for a total transaction of $398,720.08. Following the transaction, the chief executive officer now directly owns 21,254 shares in the company, valued at $2,239,533.98. This trade represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Vanja Kalabic sold 1,132 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the completion of the sale, the chief accounting officer now owns 5,016 shares in the company, valued at $523,720.56. The trade was a 18.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,867 shares of company stock worth $1,037,884 over the last ninety days. 2.10% of the stock is owned by insiders.

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.