Rhumbline Advisers Lowers Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Rhumbline Advisers decreased its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,014 shares of the company’s stock after selling 4,814 shares during the quarter. Rhumbline Advisers’ holdings in Playtika were worth $276,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in Playtika by 0.8% during the first 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 during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Playtika by 16.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock valued at $179,000 after buying an additional 3,265 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Playtika during the second quarter valued at $31,000. Versant Capital Management Inc purchased a new position in Playtika during the second quarter valued at $36,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Playtika by 16.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 37,726 shares of the company’s stock valued at $297,000 after buying an additional 5,352 shares during the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

Playtika stock opened at $7.94 on Friday. The stock has a market cap of $2.95 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.61 and a beta of 0.85. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.87. The stock has a fifty day moving average of $7.46 and a 200 day moving average of $7.66.

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

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.04%. The ex-dividend date is Friday, September 20th. Playtika’s dividend payout ratio is presently 72.73%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PLTK. Wedbush restated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research note on Thursday, September 19th. Roth Mkm decreased their price target on Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Macquarie cut Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price target for the company. in a research note on Thursday, June 13th. UBS Group began coverage on Playtika in a research note on Monday, June 24th. They issued a “neutral” rating and a $8.50 price target for the company. Finally, Morgan Stanley boosted their price target on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.29.

About Playtika

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.