Public Employees Retirement System of Ohio Buys 804 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Public Employees Retirement System of Ohio increased its stake in Light & Wonder, Inc. (NASDAQ:LNW) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,960 shares of the company’s stock after acquiring an additional 804 shares during the period. Public Employees Retirement System of Ohio’s holdings in Light & Wonder were worth $3,263,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Raymond James & Associates raised its holdings in Light & Wonder by 2.9% during the 2nd quarter. Raymond James & Associates now owns 14,056 shares of the company’s stock valued at $1,474,000 after buying an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Light & Wonder by 6.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,278 shares of the company’s stock worth $2,022,000 after purchasing an additional 1,236 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in Light & Wonder during the 2nd quarter valued at about $737,000. Arizona State Retirement System raised its holdings in shares of Light & Wonder by 1.6% during the second quarter. Arizona State Retirement System now owns 25,148 shares of the company’s stock valued at $2,638,000 after acquiring an additional 401 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Light & Wonder by 398.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 93,679 shares of the company’s stock worth $9,825,000 after purchasing an additional 74,886 shares in the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Light & Wonder Price Performance

LNW opened at $91.17 on Tuesday. The company’s 50-day simple moving average is $95.53 and its two-hundred day simple moving average is $100.15. Light & Wonder, Inc. has a 52-week low of $76.52 and a 52-week high of $115.00. The stock has a market capitalization of $8.05 billion, a P/E ratio of 28.31, a P/E/G ratio of 0.55 and a beta of 1.71. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88.

Analyst Ratings Changes

LNW has been the subject of a number of research reports. Maxim Group started coverage on Light & Wonder in a research report on Monday, August 26th. They set a “buy” rating and a $144.00 price objective for the company. Stifel Nicolaus dropped their price target on Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. Truist Financial reduced their price objective on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, September 25th. Finally, B. Riley initiated coverage on Light & Wonder in a report on Tuesday, October 8th. They set a “buy” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.36.

Light & Wonder Company 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.