6,900 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position 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 fund purchased 6,900 shares of the company’s stock, valued at approximately $596,000.

A number of other hedge funds have also bought and sold shares of the business. True Wealth Design LLC purchased a new position in shares of Light & Wonder during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in Light & Wonder in the third quarter worth $29,000. R Squared Ltd bought a new stake in Light & Wonder in the fourth quarter worth $35,000. Quarry LP bought a new stake in Light & Wonder in the third quarter worth $51,000. Finally, Blue Trust Inc. lifted its stake in Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after purchasing an additional 474 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Light & Wonder Stock Up 0.8 %

LNW opened at $111.48 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 1-year low of $84.00 and a 1-year high of $115.00. The company has a market capitalization of $9.84 billion, a PE ratio of 34.62, a PEG ratio of 0.35 and a beta of 1.72. The firm’s 50 day simple moving average is $91.55 and its two-hundred day simple moving average is $96.21.

Analysts Set New Price Targets

Several brokerages have recently commented on LNW. Jefferies Financial Group upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Mizuho increased their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday. Finally, Macquarie increased their price target on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

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.