Eos Management L.P. Has $3.61 Million Stock Holdings in Light & Wonder, Inc. (NASDAQ:LNW)

Eos Management L.P. lowered its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 21.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 43,930 shares of the company’s stock after selling 12,232 shares during the period. Light & Wonder accounts for 1.6% of Eos Management L.P.’s portfolio, making the stock its 14th largest holding. Eos Management L.P.’s holdings in Light & Wonder were worth $3,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in Light & Wonder during the third quarter valued at approximately $31,000. DekaBank Deutsche Girozentrale bought a new stake in Light & Wonder in the third quarter valued at $36,000. SG Americas Securities LLC raised its stake in Light & Wonder by 30.8% during the third quarter. SG Americas Securities LLC now owns 2,256 shares of the company’s stock worth $161,000 after acquiring an additional 531 shares in the last quarter. CI Investments Inc. lifted its holdings in shares of Light & Wonder by 1,789.1% during the third quarter. CI Investments Inc. now owns 2,418 shares of the company’s stock valued at $172,000 after acquiring an additional 2,290 shares during the period. Finally, AXQ Capital LP bought a new position in shares of Light & Wonder during the third quarter valued at $221,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LNW shares. Macquarie increased their target price on shares of Light & Wonder from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Benchmark started coverage on shares of Light & Wonder in a research note on Tuesday, January 16th. They issued a “buy” rating and a $92.00 target price for the company. JPMorgan Chase & Co. boosted their target price on Light & Wonder from $98.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Susquehanna raised their price target on Light & Wonder from $100.00 to $111.00 and gave the company a “positive” rating in a report on Wednesday, February 28th. Finally, Truist Financial boosted their price objective on Light & Wonder from $90.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.75.

Insider Transactions at Light & Wonder

In other Light & Wonder news, VP James Sottile sold 1,549 shares of Light & Wonder stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $101.15, for a total transaction of $156,681.35. Following the completion of the sale, the vice president now owns 57,478 shares of the company’s stock, valued at approximately $5,813,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Light & Wonder news, VP James Sottile sold 1,549 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $101.15, for a total transaction of $156,681.35. Following the transaction, the vice president now owns 57,478 shares in the company, valued at $5,813,899.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Siobhan Lane sold 3,566 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $100.73, for a total value of $359,203.18. Following the transaction, the chief executive officer now owns 11,302 shares of the company’s stock, valued at $1,138,450.46. The disclosure for this sale can be found here. Insiders sold a total of 7,537 shares of company stock worth $760,427 in the last quarter. 2.00% of the stock is owned by company insiders.

Light & Wonder Trading Down 1.7 %

Shares of NASDAQ LNW traded down $1.60 during midday trading on Friday, hitting $91.31. The stock had a trading volume of 415,664 shares, compared to its average volume of 577,624. The firm has a market cap of $8.20 billion, a P/E ratio of 51.88 and a beta of 1.78. Light & Wonder, Inc. has a fifty-two week low of $56.01 and a fifty-two week high of $108.90. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.88 and a quick ratio of 1.63. The company’s 50-day simple moving average is $97.59 and its 200 day simple moving average is $87.25.

Light & Wonder (NASDAQ:LNW) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.03). The firm had revenue of $770.00 million during the quarter, compared to analyst estimates of $748.30 million. Light & Wonder had a return on equity of 23.68% and a net margin of 5.58%. Light & Wonder’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. Research analysts anticipate that Light & Wonder, Inc. will post 3.78 EPS for the current year.

Light & Wonder Company Profile

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.