18,768 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Light & Wonder, Inc. (NASDAQ:LNW) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,768 shares of the company’s stock, valued at approximately $1,621,000.

A number of other large investors have also recently bought and sold shares of the business. True Wealth Design LLC bought a new stake in shares of Light & Wonder in the 3rd quarter valued at $28,000. R Squared Ltd acquired a new stake in Light & Wonder in the fourth quarter worth $35,000. Quarry LP bought a new stake in Light & Wonder in the third quarter valued at $51,000. Blue Trust Inc. raised its holdings in shares of Light & Wonder by 194.3% during the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after purchasing an additional 474 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Light & Wonder during the 3rd quarter worth about $104,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Light & Wonder Price Performance

Shares of NASDAQ LNW opened at $89.09 on Monday. 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 $7.53 billion, a PE ratio of 27.67, a PEG ratio of 0.35 and a beta of 1.59. The stock’s 50 day moving average price is $98.48 and its 200-day moving average price is $95.66. Light & Wonder, Inc. has a twelve month low of $84.00 and a twelve month high of $115.00.

Insider Buying and Selling at Light & Wonder

In related news, CAO Vanja Kalabic sold 1,132 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $104.41, for a total value of $118,192.12. Following the transaction, the chief accounting officer now directly owns 5,016 shares of the company’s stock, valued at approximately $523,720.56. The trade was a 18.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Oliver Chow sold 2,595 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $104.94, for a total transaction of $272,319.30. Following the sale, the chief financial officer now owns 3,695 shares of the company’s stock, valued at $387,753.30. This trade represents a 41.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,867 shares of company stock worth $1,037,884 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LNW has been the topic of a number of research reports. Mizuho upped their price target on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 26th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. Stifel Nicolaus lifted their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. Jefferies Financial Group upped their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Macquarie lifted their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Light & Wonder has an average rating of “Moderate Buy” and a consensus target price of $110.91.

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.