Eos Management L.P. Sells 5,305 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Eos Management L.P. lowered its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 25.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,209 shares of the company’s stock after selling 5,305 shares during the quarter. Light & Wonder comprises 0.6% of Eos Management L.P.’s portfolio, making the stock its 29th biggest holding. Eos Management L.P.’s holdings in Light & Wonder were worth $1,314,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. FMR LLC grew its position in shares of Light & Wonder by 28.7% during the 3rd quarter. FMR LLC now owns 1,452,052 shares of the company’s stock worth $131,745,000 after buying an additional 324,088 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Light & Wonder during the 3rd quarter worth about $25,277,000. Barclays PLC increased its position in Light & Wonder by 539.6% during the 3rd quarter. Barclays PLC now owns 155,852 shares of the company’s stock valued at $14,142,000 after purchasing an additional 131,486 shares during the period. State Street Corp raised its holdings in shares of Light & Wonder by 2.2% in the 3rd 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, Iridian Asset Management LLC CT lifted its position in shares of Light & Wonder by 94.3% in the 4th quarter. Iridian Asset Management LLC CT now owns 100,192 shares of the company’s stock worth $8,655,000 after purchasing an additional 48,621 shares during the period. Institutional investors own 88.08% of the company’s stock.

Analysts Set New Price Targets

LNW has been the topic of several research reports. Jefferies Financial Group lifted their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Macquarie raised their price objective on Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Benchmark lifted their target price on Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Mizuho increased their price target on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Light & Wonder Trading Down 2.0 %

Shares of Light & Wonder stock opened at $102.99 on Tuesday. The firm’s 50 day simple moving average is $93.96 and its two-hundred day simple moving average is $96.17. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 0.35 and a beta of 1.59. Light & Wonder, Inc. has a 12-month low of $84.00 and a 12-month high of $115.00. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49.

Insider Activity

In other news, CEO Siobhan Lane sold 3,784 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.37, for a total value of $398,720.08. Following the sale, the chief executive officer now directly owns 21,254 shares of the company’s stock, valued at $2,239,533.98. This represents a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Vanja Kalabic sold 1,132 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total transaction of $118,192.12. Following the completion of the sale, the chief accounting officer now owns 5,016 shares in the company, valued at $523,720.56. The trade was a 18.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,867 shares of company stock valued at $1,037,884. Company insiders own 2.10% of the company’s stock.

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.