Entropy Technologies LP Has $225,000 Position in Light & Wonder, Inc. (NASDAQ:LNW)

Entropy Technologies LP cut its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 35.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,600 shares of the company’s stock after selling 1,400 shares during the quarter. Entropy Technologies LP’s holdings in Light & Wonder were worth $225,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Algert Global LLC increased its position in shares of Light & Wonder by 118.5% during the third quarter. Algert Global LLC now owns 61,606 shares of the company’s stock worth $5,590,000 after acquiring an additional 33,410 shares in the last quarter. Main Management ETF Advisors LLC bought a new position in Light & Wonder during the 3rd quarter worth about $774,000. GSA Capital Partners LLP acquired a new stake in shares of Light & Wonder in the 3rd quarter valued at about $725,000. State Street Corp lifted its holdings in shares of Light & Wonder by 2.2% in the third quarter. State Street Corp now owns 2,651,627 shares of the company’s stock valued at $240,582,000 after purchasing an additional 56,890 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Light & Wonder by 108.6% during the third quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company’s stock worth $1,128,000 after buying an additional 6,472 shares during the period. 88.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LNW has been the topic of several research reports. Jefferies Financial Group boosted their target price on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Benchmark reissued a “buy” rating and issued a $114.00 price objective on shares of Light & Wonder in a research report on Monday, January 27th. Finally, Truist Financial decreased their target price on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Light & Wonder presently has a consensus rating of “Moderate Buy” and an average price target of $108.50.

Light & Wonder Trading Up 3.5 %

Shares of LNW stock opened at $97.81 on Friday. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. The firm has a 50 day moving average price of $88.77 and a two-hundred day moving average price of $96.17. 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 company has a market capitalization of $8.64 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72.

About Light & Wonder

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.