Kapitalo Investimentos Ltda Makes New Investment in Light & Wonder, Inc. (NASDAQ:LNW)

Kapitalo Investimentos Ltda bought a new stake in Light & Wonder, Inc. (NASDAQ:LNW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,754 shares of the company’s stock, valued at approximately $308,000.

Several other large investors have also recently bought and sold shares of LNW. Norges Bank bought a new stake in Light & Wonder during the 4th quarter worth about $124,523,000. Goldman Sachs Group Inc. increased its position in shares of Light & Wonder by 95.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 896,372 shares of the company’s stock worth $73,601,000 after acquiring an additional 438,443 shares in the last quarter. Moody Aldrich Partners LLC acquired a new position in shares of Light & Wonder during the fourth quarter worth about $6,848,000. Cibc World Markets Corp acquired a new position in Light & Wonder during the 4th quarter worth approximately $5,748,000. Finally, Westpac Banking Corp bought a new stake in Light & Wonder during the 4th quarter worth about $4,441,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNW has been the topic of a number of research analyst reports. Macquarie increased 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. Redburn Atlantic downgraded Light & Wonder from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $105.00 to $110.00 in a research note on Monday, March 11th. Susquehanna cut Light & Wonder from a “positive” rating to a “neutral” rating and cut their target price for the stock from $111.00 to $95.00 in a report on Friday, May 10th. Mizuho cut their price target on shares of Light & Wonder from $83.00 to $79.00 and set an “underperform” rating on the stock in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Light & Wonder from $98.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.08.

Light & Wonder Trading Up 2.2 %

NASDAQ:LNW traded up $2.05 during midday trading on Tuesday, reaching $95.80. 126,428 shares of the stock traded hands, compared to its average volume of 612,805. The company has a fifty day moving average of $93.82 and a 200 day moving average of $91.06. Light & Wonder, Inc. has a 12 month low of $62.16 and a 12 month high of $108.90. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.72 and a current ratio of 1.98. The stock has a market capitalization of $8.64 billion, a P/E ratio of 38.90 and a beta of 1.75.

Light & Wonder (NASDAQ:LNW) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.70 by $0.23. Light & Wonder had a net margin of 7.43% and a return on equity of 32.27%. The business had revenue of $756.00 million during the quarter, compared to analyst estimates of $732.01 million. On average, research analysts predict that Light & Wonder, Inc. will post 4.2 EPS for the current year.

Light & Wonder Profile

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.