Light & Wonder
About: Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
Employees: 6,500
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
69% more call options, than puts
Call options by funds: $30.9M | Put options by funds: $18.3M
14% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 51
3% more funds holding
Funds holding: 274 [Q2] → 281 (+7) [Q3]
8.4% less ownership
Funds ownership: 76.97% [Q2] → 68.57% (-8.4%) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 105
24% less capital invested
Capital invested by funds: $7.28B [Q2] → $5.52B (-$1.76B) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Truist Securities Barry Jonas 69% 1-year accuracy 25 / 36 met price target | 24%upside $115 | Buy Maintained | 23 Oct 2024 |
B. Riley Securities David Bain 62% 1-year accuracy 8 / 13 met price target | 29%upside $120 | Buy Reinstated | 8 Oct 2024 |
Macquarie Chad Beynon 72% 1-year accuracy 28 / 39 met price target | 26%upside $117 | Outperform Maintained | 25 Sept 2024 |
Stifel Jeffrey Stantial 70% 1-year accuracy 16 / 23 met price target | 8%upside $100 | Hold Maintained | 25 Sept 2024 |
Susquehanna Joseph Stauff 52% 1-year accuracy 14 / 27 met price target | 3%downside $90 | Neutral Maintained | 24 Sept 2024 |
Financial journalist opinion
Based on 100 articles about LNW published over the past 30 days
