Retirement Systems of Alabama Sells 3,472 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Retirement Systems of Alabama decreased its holdings in shares of Light & Wonder, Inc. (NASDAQ:LNW) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,780 shares of the company’s stock after selling 3,472 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Light & Wonder worth $9,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Light & Wonder by 2.2% during the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company’s stock worth $240,582,000 after buying an additional 56,890 shares during the period. FMR LLC grew its position in shares of Light & Wonder by 28.7% in the third quarter. FMR LLC now owns 1,452,052 shares of the company’s stock valued at $131,745,000 after purchasing an additional 324,088 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Light & Wonder by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 802,922 shares of the company’s stock worth $84,215,000 after purchasing an additional 12,317 shares during the period. Millennium Management LLC increased its position in Light & Wonder by 573.3% during the 2nd quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock worth $60,761,000 after buying an additional 493,295 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Light & Wonder by 6.2% during the third quarter. Wedge Capital Management L L P NC now owns 434,206 shares of the company’s stock worth $39,396,000 after buying an additional 25,284 shares in the last quarter. 88.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LNW. Maxim Group started coverage on shares of Light & Wonder in a report on Monday, August 26th. They issued a “buy” rating and a $144.00 price objective for the company. Susquehanna dropped their price objective on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Stifel Nicolaus reduced their target price on Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a report on Wednesday, September 25th. Truist Financial dropped their price target on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Macquarie reduced their price objective on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.36.

Light & Wonder Stock Down 0.5 %

Shares of NASDAQ LNW opened at $91.17 on Tuesday. The company has a 50 day simple moving average of $95.53 and a 200 day simple moving average of $100.15. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. Light & Wonder, Inc. has a 1 year low of $76.52 and a 1 year high of $115.00. The firm has a market cap of $8.05 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 0.55 and a beta of 1.71.

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.