Entropy Technologies LP Sells 1,400 Shares of Light & Wonder, Inc. (NASDAQ:LNW)

Entropy Technologies LP lowered its holdings in Light & Wonder, Inc. (NASDAQ:LNW) by 35.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,600 shares of the company’s stock after selling 1,400 shares during the quarter. Entropy Technologies LP’s holdings in Light & Wonder were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LNW. Algert Global LLC raised its position in shares of Light & Wonder by 118.5% in the third quarter. Algert Global LLC now owns 61,606 shares of the company’s stock valued at $5,590,000 after buying an additional 33,410 shares in the last quarter. Main Management ETF Advisors LLC bought a new position in Light & Wonder during the 3rd quarter worth $774,000. GSA Capital Partners LLP acquired a new position in Light & Wonder in the 3rd quarter valued at $725,000. State Street Corp lifted its position 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 valued at $240,582,000 after acquiring an additional 56,890 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Light & Wonder by 108.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company’s stock worth $1,128,000 after purchasing an additional 6,472 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder Stock Up 3.5 %

Shares of NASDAQ:LNW opened at $97.81 on Friday. Light & Wonder, Inc. has a 52-week low of $84.00 and a 52-week high of $115.00. The company has a market capitalization of $8.64 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. 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 company has a fifty day moving average of $88.77 and a 200-day moving average of $96.17.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LNW. Jefferies Financial Group boosted 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. Truist Financial dropped their target price on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Benchmark reiterated a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Light & Wonder has an average rating of “Moderate Buy” and a consensus price target of $108.50.

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.