Light & Wonder, Inc. (NASDAQ:LNW) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 36.0% in the 4th quarter, Holdings Channel reports. The firm owned 6,809 shares of the company’s stock after selling 3,837 shares during the period. QRG Capital Management Inc.’s holdings in Light & Wonder were worth $588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in Light & Wonder during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Light & Wonder in the third quarter worth approximately $29,000. R Squared Ltd purchased a new stake in shares of Light & Wonder during the fourth quarter worth approximately $35,000. Quarry LP purchased a new stake in shares of Light & Wonder during the third quarter worth approximately $51,000. Finally, Blue Trust Inc. raised its stake in Light & Wonder by 194.3% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after purchasing an additional 474 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LNW shares. 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 research note on Wednesday, February 19th. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. 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 report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Jefferies Financial Group increased their price target on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Light & Wonder Trading Down 2.8 %

Shares of Light & Wonder stock opened at $106.60 on Wednesday. The stock has a 50 day moving average of $92.44 and a 200 day moving average of $96.24. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 0.35 and a beta of 1.72. Light & Wonder, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $115.00.

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.