Hillsdale Investment Management Inc. Boosts Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Hillsdale Investment Management Inc. lifted its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,550 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Playtika were worth $531,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Penserra Capital Management LLC increased its holdings in Playtika by 23.2% during the 3rd quarter. Penserra Capital Management LLC now owns 142,564 shares of the company’s stock worth $1,129,000 after purchasing an additional 26,801 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Playtika by 13.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after buying an additional 326,890 shares during the last quarter. FMR LLC raised its holdings in Playtika by 1.2% in the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock valued at $10,611,000 after acquiring an additional 15,471 shares in the last quarter. Captrust Financial Advisors boosted its stake in Playtika by 14.3% during the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock valued at $170,000 after acquiring an additional 2,694 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Playtika during the 3rd quarter worth $1,473,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Macquarie cut their target price on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Baird R W cut Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Citigroup dropped their target price on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.32.

Playtika Stock Performance

Playtika stock opened at $4.41 on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 7.60, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a 50-day simple moving average of $6.34 and a 200-day simple moving average of $7.25. Playtika Holding Corp. has a one year low of $3.97 and a one year high of $9.16.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.07%. The ex-dividend date is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is 90.91%.

Playtika Company Profile

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.