Amalgamated Bank Sells 1,641 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Amalgamated Bank lessened its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,953 shares of the company’s stock after selling 1,641 shares during the period. Amalgamated Bank’s holdings in Light & Wonder were worth $3,634,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Versant Capital Management Inc lifted its stake in shares of Light & Wonder by 4,783.3% in the 1st quarter. Versant Capital Management Inc now owns 293 shares of the company’s stock valued at $25,000 after purchasing an additional 287 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Light & Wonder by 3,861.1% during the 1st quarter. Farther Finance Advisors LLC now owns 713 shares of the company’s stock valued at $63,000 after buying an additional 695 shares during the period. CX Institutional bought a new stake in Light & Wonder in the first quarter worth $87,000. GAMMA Investing LLC boosted its stake in Light & Wonder by 217.8% during the first quarter. GAMMA Investing LLC now owns 1,265 shares of the company’s stock worth $110,000 after buying an additional 867 shares during the period. Finally, Steph & Co. purchased a new position in Light & Wonder during the first quarter worth $149,000. Institutional investors own 88.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Macquarie increased their target price on shares of Light & Wonder from $120.00 to $122.00 and gave the company an “outperform” rating in a research note on Monday, June 16th. Mizuho increased their price objective on shares of Light & Wonder from $80.00 to $84.00 and gave the stock an “underperform” rating in a research report on Thursday, May 8th. Truist Financial decreased their price objective on shares of Light & Wonder from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group set a $116.00 target price on Light & Wonder in a research note on Wednesday, June 25th. Finally, Benchmark decreased their price target on Light & Wonder from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Light & Wonder has an average rating of “Moderate Buy” and a consensus target price of $106.55.

Light & Wonder Trading Up 0.3%

LNW opened at $99.45 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.57 and a debt-to-equity ratio of 6.26. The stock’s fifty day moving average is $87.89 and its two-hundred day moving average is $90.38. The company has a market capitalization of $8.39 billion, a P/E ratio of 26.52, a PEG ratio of 0.43 and a beta of 1.23. Light & Wonder, Inc. has a 52 week low of $75.46 and a 52 week high of $115.00.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). Light & Wonder had a net margin of 10.45% and a return on equity of 68.41%. The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $802.93 million. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts forecast that Light & Wonder, Inc. will post 4.3 earnings per share for the current year.

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.