Farringdon Capital Ltd. Invests $230,000 in Light & Wonder, Inc. (NASDAQ:LNW)

Farringdon Capital Ltd. bought a new position in Light & Wonder, Inc. (NASDAQ:LNW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,660 shares of the company’s stock, valued at approximately $230,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Light & Wonder by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,492,524 shares of the company’s stock valued at $733,584,000 after purchasing an additional 100,527 shares during the last quarter. Norges Bank acquired a new stake in shares of Light & Wonder in the 4th quarter valued at $91,683,000. Invesco Ltd. raised its position in shares of Light & Wonder by 37.0% during the fourth quarter. Invesco Ltd. now owns 587,809 shares of the company’s stock worth $50,775,000 after acquiring an additional 158,790 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Light & Wonder by 17.8% during the fourth quarter. Bessemer Group Inc. now owns 372,809 shares of the company’s stock valued at $32,203,000 after acquiring an additional 56,378 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Light & Wonder by 45.5% in the fourth quarter. Clearbridge Investments LLC now owns 288,052 shares of the company’s stock valued at $24,882,000 after acquiring an additional 90,117 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.

Light & Wonder Stock Performance

Shares of LNW opened at $79.96 on Friday. The firm has a market cap of $6.75 billion, a P/E ratio of 24.83, a PEG ratio of 0.35 and a beta of 1.38. Light & Wonder, Inc. has a twelve month low of $75.46 and a twelve month high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The firm’s 50 day moving average price is $95.90 and its two-hundred day moving average price is $93.33.

Insider Buying and Selling

In other news, VP James Sottile sold 2,356 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.54, for a total transaction of $248,652.24. Following the completion of the transaction, the vice president now directly owns 77,331 shares of the company’s stock, valued at $8,161,513.74. This trade represents a 2.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Vanja Kalabic sold 1,132 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $104.41, for a total transaction of $118,192.12. Following the completion of the sale, the chief accounting officer now directly owns 5,016 shares in the company, valued at approximately $523,720.56. This represents a 18.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,867 shares of company stock worth $1,037,884 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LNW. Benchmark upped their target price on shares of Light & Wonder from $114.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Stifel Nicolaus cut their price objective on shares of Light & Wonder from $104.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday, April 3rd. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group increased their price target on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Mizuho upped their price objective on Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.91.

About Light & Wonder

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.