Semanteon Capital Management LP Takes $1.15 Million Position in Light & Wonder, Inc. (NASDAQ:LNW)

Semanteon Capital Management LP purchased a new position in Light & Wonder, Inc. (NASDAQ:LNW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,034 shares of the company’s stock, valued at approximately $1,152,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNW. Headlands Technologies LLC purchased a new position in shares of Light & Wonder during the third quarter valued at $31,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Light & Wonder in the 3rd quarter valued at about $36,000. SG Americas Securities LLC lifted its position in shares of Light & Wonder by 30.8% in the 3rd quarter. SG Americas Securities LLC now owns 2,256 shares of the company’s stock worth $161,000 after purchasing an additional 531 shares during the period. CI Investments Inc. boosted its stake 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 purchasing an additional 2,290 shares in the last quarter. Finally, AXQ Capital LP purchased a new position in Light & Wonder during the third quarter valued at approximately $221,000. Institutional investors own 88.08% of the company’s stock.

Light & Wonder Stock Down 0.7 %

Shares of LNW traded down $0.64 during mid-day trading on Thursday, hitting $92.91. 538,783 shares of the company traded hands, compared to its average volume of 579,650. Light & Wonder, Inc. has a 1-year low of $56.01 and a 1-year high of $108.90. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 5.04. The company has a market capitalization of $8.35 billion, a PE ratio of 52.79 and a beta of 1.78. The business has a 50 day moving average of $97.55 and a 200 day moving average of $87.12.

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

Insider Activity

In related news, VP James Sottile sold 1,549 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $101.15, for a total value of $156,681.35. Following the transaction, the vice president now owns 57,478 shares in the company, valued at approximately $5,813,899.70. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP James Sottile sold 1,549 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $101.15, for a total value of $156,681.35. Following the transaction, the vice president now owns 57,478 shares in the company, valued at approximately $5,813,899.70. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Oliver Chow sold 1,273 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $101.19, for a total transaction of $128,814.87. Following the completion of the transaction, the chief financial officer now owns 1,517 shares in the company, valued at approximately $153,505.23. The disclosure for this sale can be found here. Insiders have sold a total of 7,537 shares of company stock worth $760,427 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LNW has been the subject of a number of analyst reports. Susquehanna upped their target price on Light & Wonder from $100.00 to $111.00 and gave the stock a “positive” rating in a report on Wednesday, February 28th. Truist Financial raised their price objective on Light & Wonder from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 target price (up from $97.00) on shares of Light & Wonder in a report on Thursday, March 14th. Macquarie boosted their target price on shares of Light & Wonder from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Light & Wonder from $98.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. One equities 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’s stock. According to MarketBeat, Light & Wonder has a consensus rating of “Moderate Buy” and an average target price of $96.75.

About Light & Wonder

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.