Signaturefd LLC Sells 121 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Signaturefd LLC reduced its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 528 shares of the company’s stock after selling 121 shares during the quarter. Signaturefd LLC’s holdings in Light & Wonder were worth $46,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. CIBC Asset Management Inc increased its stake in shares of Light & Wonder by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,901 shares of the company’s stock worth $510,000 after purchasing an additional 146 shares during the period. New York State Common Retirement Fund grew its holdings in Light & Wonder by 0.5% in the 4th quarter. New York State Common Retirement Fund now owns 40,250 shares of the company’s stock valued at $3,477,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Light & Wonder by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,559 shares of the company’s stock worth $1,775,000 after buying an additional 281 shares during the period. True Wealth Design LLC acquired a new stake in shares of Light & Wonder during the third quarter worth $28,000. Finally, R Squared Ltd bought a new stake in shares of Light & Wonder in the fourth quarter valued at about $35,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LNW has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Macquarie boosted their price target on Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Mizuho raised their price objective on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group upped their target price on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.91.

Insider Buying and Selling at Light & Wonder

In other Light & Wonder news, CFO Oliver Chow sold 2,595 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $104.94, for a total value of $272,319.30. Following the sale, the chief financial officer now owns 3,695 shares in the company, valued at $387,753.30. This trade represents a 41.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP James Sottile sold 2,356 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.54, for a total transaction of $248,652.24. Following the transaction, the vice president now owns 77,331 shares of the company’s stock, valued at $8,161,513.74. This trade represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,867 shares of company stock worth $1,037,884 over the last 90 days. Insiders own 2.10% of the company’s stock.

Light & Wonder Trading Up 3.3 %

Shares of LNW opened at $107.14 on Tuesday. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder, Inc. has a 52-week low of $84.00 and a 52-week high of $115.00. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 0.35 and a beta of 1.59. The business’s fifty day moving average is $97.55 and its 200-day moving average is $95.84.

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.