Acadian Asset Management LLC Acquires 1,215,843 Shares of Playtika Holding Corp. $PLTK

Key Points

• Acadian Asset Management LLC increased its stake in Playtika Holding Corp. by 366.2% in the first quarter, acquiring a total of 1,215,843 shares valued at approximately $7.99 million.
• Playtika reported a $0.02 EPS for the latest quarter, missing estimates by $0.13, while annual revenue rose 11% year-over-year to $696 million.
• The company has announced a quarterly dividend of $0.10 per share, resulting in a 10.7% dividend yield and a payout ratio of 166.67%.

Acadian Asset Management LLC lifted its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 366.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,547,829 shares of the company's stock after buying an additional 1,215,843 shares during the period. Acadian Asset Management LLC owned about 0.41% of Playtika worth $7,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of PLTK. Allworth Financial LP boosted its position in shares of Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after buying an additional 2,695 shares during the period. Quarry LP acquired a new position in shares of Playtika during the first quarter worth about $29,000. US Bancorp DE boosted its position in shares of Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after buying an additional 4,946 shares during the period. Brooklyn Investment Group boosted its position in shares of Playtika by 15,890.5% during the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company's stock worth $35,000 after buying an additional 6,674 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in shares of Playtika during the first quarter worth about $52,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Stock Performance

PLTK traded up $0.09 on Thursday, hitting $3.55. 1,188,624 shares of the company were exchanged, compared to its average volume of 1,753,993. Playtika Holding Corp. has a 12 month low of $3.42 and a 12 month high of $8.80. The company has a market cap of $1.33 billion, a PE ratio of 14.77, a PEG ratio of 1.21 and a beta of 0.84. The stock's fifty day moving average is $4.05 and its 200-day moving average is $4.60.

Playtika (NASDAQ:PLTK - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). The company had revenue of $696.00 million for the quarter, compared to the consensus estimate of $706.03 million. Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The business's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. Playtika has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.40 annualized dividend and a yield of 11.3%. Playtika's dividend payout ratio is currently 166.67%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wedbush reduced their price objective on Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. UBS Group dropped their target price on Playtika from $5.50 to $4.00 and set a "neutral" rating on the stock in a report on Thursday, September 11th. Finally, Wall Street Zen upgraded Playtika from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.66.

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.