Pacer Advisors Inc. Has $74.14 Million Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Pacer Advisors Inc. boosted its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 19.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,420,312 shares of the company’s stock after purchasing an additional 1,552,606 shares during the quarter. Pacer Advisors Inc.’s holdings in Playtika were worth $74,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PLTK. Alaska Permanent Fund Corp raised its position in shares of Playtika by 362.8% in the 1st quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock valued at $1,591,000 after buying an additional 176,913 shares in the last quarter. LSV Asset Management raised its position in shares of Playtika by 3.4% in the 1st quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock valued at $54,683,000 after buying an additional 256,353 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Playtika in the 2nd quarter valued at approximately $744,000. Russell Investments Group Ltd. raised its position in shares of Playtika by 0.8% in the 1st quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after buying an additional 1,495 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Playtika by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after buying an additional 76,948 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Price Performance

PLTK opened at $7.82 on Friday. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $10.28. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.01 and a beta of 0.85. The company’s 50 day moving average price is $7.46 and its two-hundred day moving average price is $7.63.

Playtika (NASDAQ:PLTK) last posted its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The firm had revenue of $627.00 million for the quarter, compared to analyst estimates of $640.27 million. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Playtika Holding Corp. will post 0.73 EPS for the current year.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, September 20th. Playtika’s dividend payout ratio is currently 72.73%.

Analyst Ratings Changes

PLTK has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Thursday. UBS Group initiated coverage on shares of Playtika in a research report on Monday, June 24th. They set a “neutral” rating and a $8.50 price objective for the company. Roth Mkm lowered their price objective on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie cut shares of Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Playtika has an average rating of “Hold” and an average price target of $9.29.

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.