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Fine Capital Trims and Redistributes Stake in Light & Wonder

Story Highlights
  • Fine Capital Partners reported updated holdings in Light & Wonder, held largely through private funds.
  • The investor sold 80,000 shares and distributed 102,200 in kind, modestly reducing its overall stake.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fine Capital Trims and Redistributes Stake in Light & Wonder

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Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh ( (AU:LNW) ) has shared an announcement.

Institutional investor Fine Capital Partners, L.P., a more than 10% owner of Light & Wonder, Inc., reported changes in its beneficial ownership of the company’s common stock. The firm and its related entities manage and hold the shares through private funds, with overall positions disclosed as indirect holdings.

The filing shows that Fine Capital sold 80,000 Light & Wonder shares at a weighted average price of about $82.44 and then distributed 102,200 shares in kind to certain investors in its private funds. Following these transactions, it continues to hold a sizeable indirect stake, while 13,000 shares are held directly by Debra Fine for her personal account, underscoring ongoing but slightly reduced institutional exposure to the stock.

The most recent analyst rating on (AU:LNW) stock is a Buy with a A$183.00 price target. To see the full list of analyst forecasts on Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh stock, see the AU:LNW Stock Forecast page.

More about Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh

Light & Wonder, Inc. is a listed company in the gaming and entertainment sector, with its shares represented on the market through CHESS depository interests. The company’s stock is actively held and traded by institutional investors, reflecting its role as a significant player in its industry.

Average Trading Volume: 317,886

Technical Sentiment Signal: Sell

Current Market Cap: A$9.02B

For an in-depth examination of LNW stock, go to TipRanks’ Overview page.

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