Squarepoint Ops LLC Purchases New Shares in Playtika Holding Corp. (NASDAQ:PLTK)

Squarepoint Ops LLC purchased a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,561 shares of the company’s stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTK. Alaska Permanent Fund Corp lifted its position in Playtika by 362.8% in the first quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock valued at $1,591,000 after purchasing an additional 176,913 shares during the period. LSV Asset Management lifted its stake in shares of Playtika by 3.4% in the first quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock valued at $54,683,000 after purchasing an additional 256,353 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Playtika during the second quarter worth about $744,000. Russell Investments Group Ltd. grew its position in Playtika by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock worth $1,304,000 after buying an additional 1,495 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Playtika by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after acquiring an additional 76,948 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLTK. Morgan Stanley raised their price objective on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Macquarie lowered Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research note on Thursday, June 13th. UBS Group began coverage on shares of Playtika in a report on Monday, June 24th. They issued a “neutral” rating and a $8.50 price target on the stock. Roth Mkm decreased their price objective on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Wedbush reissued an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. One investment 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’s stock. According to MarketBeat.com, Playtika has a consensus rating of “Hold” and a consensus price target of $9.29.

Playtika Price Performance

Shares of PLTK stock opened at $7.37 on Friday. The company’s fifty day moving average price is $7.46 and its two-hundred day moving average price is $7.69. The firm has a market capitalization of $2.74 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.62 and a beta of 0.85. Playtika Holding Corp. has a 12 month low of $6.25 and a 12 month high of $9.70.

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

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a $0.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.40 dividend on an annualized basis and a yield of 5.43%. Playtika’s dividend payout ratio is currently 72.73%.

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.