139,300 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Acquired by National Bank of Canada FI

National Bank of Canada FI acquired a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 139,300 shares of the company’s stock, valued at approximately $12,033,000. National Bank of Canada FI owned about 0.16% of Light & Wonder as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Light & Wonder during the 4th quarter valued at about $35,000. Quarry LP acquired a new position in Light & Wonder in the 3rd quarter valued at about $51,000. Blue Trust Inc. grew its stake in shares of 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 buying an additional 474 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Light & Wonder during the 3rd quarter worth approximately $104,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Light & Wonder during the 3rd quarter valued at approximately $222,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Macquarie raised their target price on Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Mizuho boosted their price objective on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. 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 research note on Friday, February 28th. Stifel Nicolaus reduced their price target on shares of Light & Wonder from $104.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Light & Wonder currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.91.

Insider Activity

In related news, CAO Vanja Kalabic sold 1,132 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the sale, the chief accounting officer now owns 5,016 shares of the company’s stock, valued at $523,720.56. This trade represents a 18.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James Sottile sold 2,356 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.54, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,867 shares of company stock worth $1,037,884. 2.10% of the stock is currently owned by company insiders.

Light & Wonder Trading Down 5.0 %

NASDAQ:LNW opened at $79.78 on Friday. The stock has a fifty day moving average price of $98.14 and a 200 day moving average price of $95.01. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder, Inc. has a 12-month low of $75.46 and a 12-month high of $115.00. The firm has a market cap of $6.74 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 0.35 and a beta of 1.59.

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.