CANADA LIFE ASSURANCE Co Sells 327 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

CANADA LIFE ASSURANCE Co decreased its position in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,292 shares of the company’s stock after selling 327 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.07% of Light & Wonder worth $5,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Light & Wonder during the 4th quarter worth $91,683,000. Bank of Nova Scotia acquired a new stake in shares of Light & Wonder during the 4th quarter worth $16,020,000. Invesco Ltd. increased its position in shares of Light & Wonder by 37.0% in the fourth quarter. Invesco Ltd. now owns 587,809 shares of the company’s stock worth $50,775,000 after purchasing an additional 158,790 shares during the period. National Bank of Canada FI bought a new position in shares of Light & Wonder in the fourth quarter worth $12,033,000. Finally, Barclays PLC raised its stake in Light & Wonder by 539.6% in the third 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 in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Analyst Ratings Changes

LNW has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. 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 research note on Wednesday, February 26th. Jefferies Financial Group upped their target price on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Stifel Nicolaus reduced their target price on Light & Wonder from $93.00 to $84.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Benchmark boosted their price target on Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.64.

Insiders Place Their Bets

In other Light & Wonder news, VP James Sottile sold 2,356 shares of Light & Wonder stock in a transaction dated 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 directly owns 77,331 shares of the company’s stock, valued at approximately $8,161,513.74. The trade was a 2.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Oliver Chow sold 2,595 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $104.94, for a total value of $272,319.30. Following the completion of the sale, the chief financial officer now owns 3,695 shares in the company, 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 have sold 9,867 shares of company stock valued at $1,037,884 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Light & Wonder Stock Performance

NASDAQ:LNW opened at $82.42 on Thursday. The stock’s 50-day moving average is $94.92 and its 200-day moving average is $93.09. Light & Wonder, Inc. has a 1-year low of $75.46 and a 1-year 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. The stock has a market cap of $6.96 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.38.

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.