Susquehanna Fundamental Investments LLC Makes New Investment in Playtika Holding Corp. (NASDAQ:PLTK)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 346,098 shares of the company’s stock, valued at approximately $2,402,000.

A number of other hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC grew its holdings in shares of Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock worth $29,000 after purchasing an additional 1,534 shares during the period. GAMMA Investing LLC boosted its stake in Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after buying an additional 2,910 shares during the period. Versant Capital Management Inc increased its position in shares of Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after acquiring an additional 3,496 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Playtika in the 4th quarter valued at approximately $57,000. Finally, Kera Capital Partners Inc. acquired a new position in shares of Playtika in the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Stock Up 1.0 %

Shares of Playtika stock opened at $5.28 on Wednesday. Playtika Holding Corp. has a 52-week low of $3.97 and a 52-week high of $9.16. The company has a 50 day moving average of $5.09 and a 200 day moving average of $6.74. The company has a market capitalization of $1.98 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.69 and a beta of 0.92.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.10 per share. The ex-dividend date was Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.58%. Playtika’s payout ratio is currently 90.91%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PLTK. Morgan Stanley cut their target price on Playtika from $7.25 to $5.75 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Macquarie dropped their target price on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Robert W. Baird reissued a “neutral” rating and set a $6.00 price target (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Bank of America raised shares of Playtika from an “underperform” rating to a “buy” rating and raised their price objective for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $11.50 target price on shares of Playtika in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.78.

Playtika 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.