Natixis Advisors LLC Sells 6,636 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Natixis Advisors LLC trimmed its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,880 shares of the company’s stock after selling 6,636 shares during the quarter. Natixis Advisors LLC’s holdings in Light & Wonder were worth $1,199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Light & Wonder in the 4th quarter valued at approximately $596,000. Inceptionr LLC bought a new position in Light & Wonder in the fourth quarter valued at approximately $261,000. Main Management ETF Advisors LLC acquired a new position in shares of Light & Wonder in the third quarter valued at approximately $774,000. State Street Corp increased its position in shares of Light & Wonder by 2.2% during the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock worth $240,582,000 after acquiring an additional 56,890 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Light & Wonder by 393.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,554 shares of the company’s stock worth $3,589,000 after acquiring an additional 33,136 shares during the period. 88.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Light & Wonder news, VP James Sottile sold 2,356 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.54, for a total value of $248,652.24. Following the transaction, the vice president now directly owns 77,331 shares of the company’s stock, valued at $8,161,513.74. This represents a 2.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Siobhan Lane sold 3,784 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.37, for a total value of $398,720.08. Following the sale, the chief executive officer now owns 21,254 shares of the company’s stock, valued at approximately $2,239,533.98. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,867 shares of company stock valued at $1,037,884. 2.10% of the stock is owned by insiders.

Light & Wonder Price Performance

Shares of NASDAQ LNW opened at $107.49 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 4.49. The business’s 50 day moving average price is $97.97 and its two-hundred day moving average price is $95.86. The company has a market cap of $9.08 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59. Light & Wonder, Inc. has a twelve month low of $84.00 and a twelve month high of $115.00.

Analysts Set New Price Targets

Several research firms have issued reports on LNW. Jefferies Financial Group lifted their price target on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Citigroup upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. 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 note on Wednesday, February 19th. Benchmark increased their target price on shares of Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Macquarie boosted their price target on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Light & Wonder has a consensus rating of “Moderate Buy” and an average target price of $110.91.

Light & Wonder Company 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.