Quantinno Capital Management LP Increases Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Quantinno Capital Management LP lifted its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 76.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 692,975 shares of the company’s stock after acquiring an additional 299,278 shares during the period. Quantinno Capital Management LP’s holdings in Playtika were worth $4,809,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sterling Capital Management LLC lifted 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 acquiring an additional 1,534 shares during the period. R Squared Ltd purchased a new position in Playtika in the fourth quarter valued at approximately $57,000. Kera Capital Partners Inc. purchased a new position in Playtika in the fourth quarter valued at approximately $70,000. Crestline Management LP purchased a new position in Playtika in the fourth quarter valued at approximately $71,000. Finally, Aster Capital Management DIFC Ltd raised its holdings in Playtika by 7,917.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 11,305 shares of the company’s stock valued at $78,000 after buying an additional 11,164 shares during the period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $5.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider now owns 200,347,048 shares of the company’s stock, valued at approximately $1,001,735,240. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Playtika Stock Down 0.4%

Shares of NASDAQ:PLTK opened at $5.00 on Friday. 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 $4.96 and a two-hundred day moving average of $6.51. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $706.00 million during the quarter, compared to analyst estimates of $699.67 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Monday, June 23rd. Playtika’s payout ratio is currently 105.26%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup cut their price target 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. Macquarie cut their price target on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Morgan Stanley cut their price target on shares of Playtika from $7.25 to $5.75 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Baird R W lowered shares of Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Bank of America upgraded shares of Playtika from an “underperform” rating to a “buy” rating and raised their price target for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Playtika has a consensus rating of “Hold” and a consensus price target of $7.78.

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.