Capital Performance Advisors LLP Takes Position in Playtika Holding Corp. (NASDAQ:PLTK)

Capital Performance Advisors LLP purchased a new stake in Playtika Holding Corp. (NASDAQ:PLTK) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,831 shares of the company’s stock, valued at approximately $62,000.

Other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in shares of Playtika in the 3rd quarter valued at approximately $81,000. Pallas Capital Advisors LLC raised its position in shares of Playtika by 41.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 47,249 shares of the company’s stock valued at $359,000 after purchasing an additional 13,787 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Playtika by 170.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 53,530 shares of the company’s stock valued at $424,000 after purchasing an additional 33,711 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Playtika in the 3rd quarter valued at approximately $292,000. Finally, International Assets Investment Management LLC raised its position in shares of Playtika by 692.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,484 shares of the company’s stock valued at $91,000 after purchasing an additional 10,034 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors.

Playtika Price Performance

NASDAQ PLTK opened at $8.31 on Friday. The firm’s 50-day moving average is $7.71 and its two-hundred day moving average is $7.82. Playtika Holding Corp. has a 12 month low of $6.25 and a 12 month high of $9.23. The stock has a market capitalization of $3.09 billion, a P/E ratio of 14.58, a PEG ratio of 1.70 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 EPS. As a group, analysts anticipate that Playtika Holding Corp. will post 0.73 EPS for the current year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 4.81%. Playtika’s dividend payout ratio is currently 70.18%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Roth Mkm increased their price objective on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley raised their price target on shares of Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Wedbush reissued an “outperform” rating and set a $11.50 price target on shares of Playtika in a research report on Thursday, September 19th. Finally, Macquarie reissued a “neutral” rating and set a $7.00 price target on shares of Playtika in a research report on Friday. One 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 company’s stock. According to data from MarketBeat.com, Playtika presently has an average rating of “Hold” and a consensus price target of $9.18.

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.