MQS Management LLC Acquires Shares of 17,064 Playtika Holding Corp. (NASDAQ:PLTK)

MQS Management LLC acquired a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,064 shares of the company’s stock, valued at approximately $135,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTK. Assenagon Asset Management S.A. purchased a new position in shares of Playtika during the 2nd quarter worth approximately $744,000. CWM LLC raised its stake in shares of Playtika by 65.1% during the 3rd quarter. CWM LLC now owns 85,971 shares of the company’s stock worth $681,000 after buying an additional 33,902 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Playtika by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock worth $25,141,000 after buying an additional 76,948 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Playtika by 0.8% during the 1st quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock worth $1,304,000 after buying an additional 1,495 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its stake in shares of Playtika by 365.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 171,603 shares of the company’s stock worth $1,351,000 after buying an additional 134,732 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Roth Mkm increased their target price on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley increased their target price on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Macquarie restated a “neutral” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Playtika presently has a consensus rating of “Hold” and an average target price of $9.18.

Playtika Stock Performance

Playtika stock opened at $8.45 on Friday. The stock has a fifty day moving average of $7.82 and a two-hundred day moving average of $7.86. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.19 and a beta of 0.85. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.23.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $620.80 million for the quarter, compared to analysts’ expectations of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. On average, analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.