Stillwater Capital Advisors LLC Decreases Stake in Light & Wonder, Inc. (NASDAQ:LNW)

Stillwater Capital Advisors LLC lowered its position in Light & Wonder, Inc. (NASDAQ:LNW) by 21.6% in the 1st quarter, HoldingsChannel reports. The fund owned 7,965 shares of the company’s stock after selling 2,196 shares during the period. Stillwater Capital Advisors LLC’s holdings in Light & Wonder were worth $690,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Inceptionr LLC purchased a new stake in Light & Wonder in the 4th quarter worth about $261,000. Y Intercept Hong Kong Ltd purchased a new position in Light & Wonder during the 4th quarter valued at about $596,000. AXQ Capital LP grew its holdings in Light & Wonder by 94.6% during the 4th quarter. AXQ Capital LP now owns 7,198 shares of the company’s stock valued at $622,000 after buying an additional 3,500 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Light & Wonder by 29.2% during the 4th quarter. Teacher Retirement System of Texas now owns 23,903 shares of the company’s stock valued at $2,065,000 after buying an additional 5,397 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Light & Wonder by 107.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 20,528 shares of the company’s stock valued at $1,756,000 after buying an additional 10,647 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LNW shares. Truist Financial reduced their target price on Light & Wonder from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Benchmark reduced their target price on Light & Wonder from $130.00 to $100.00 and set a “buy” rating for the company in a report on Monday, May 12th. Mizuho lifted their target price on Light & Wonder from $80.00 to $84.00 and gave the company an “underperform” rating in a report on Thursday, May 8th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their target price on Light & Wonder from $84.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.82.

Light & Wonder Stock Performance

Shares of LNW opened at $82.14 on Monday. The company has a market cap of $6.93 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 0.35 and a beta of 1.23. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. The stock has a 50-day moving average price of $84.89 and a 200-day moving average price of $90.74. Light & Wonder, Inc. has a 12-month low of $75.46 and a 12-month high of $115.00.

Light & Wonder (NASDAQ:LNW) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.23). The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $802.93 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. As a group, equities analysts forecast that Light & Wonder, Inc. will post 4.3 earnings per share for the current fiscal 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.