2,300 Shares in Light & Wonder, Inc. (NASDAQ:LNW) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Light & Wonder, Inc. (NASDAQ:LNW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,300 shares of the company’s stock, valued at approximately $222,000.

Several other large investors have also modified their holdings of LNW. True Wealth Design LLC bought a new stake in shares of Light & Wonder in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in shares of Light & Wonder in the third quarter worth about $29,000. Quarry LP acquired a new stake in shares of Light & Wonder during the third quarter worth $51,000. GAMMA Investing LLC lifted its stake in Light & Wonder by 120.1% in the 3rd quarter. GAMMA Investing LLC now owns 896 shares of the company’s stock valued at $81,000 after acquiring an additional 489 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Light & Wonder during the 3rd quarter worth about $104,000. 88.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNW shares. UBS Group upgraded Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Macquarie decreased their target price on Light & Wonder from $122.00 to $117.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Susquehanna reduced their price target on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Stifel Nicolaus lowered their price target on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. Finally, Truist Financial dropped their price objective on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.36.

Light & Wonder Trading Down 1.2 %

NASDAQ:LNW opened at $86.03 on Monday. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The company’s 50-day simple moving average is $94.02 and its 200 day simple moving average is $99.49. Light & Wonder, Inc. has a one year low of $76.52 and a one year high of $115.00. The firm has a market capitalization of $7.60 billion, a P/E ratio of 26.72, a PEG ratio of 0.55 and a beta of 1.71.

Light & Wonder 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.