Algert Global LLC Acquires New Stake in Playtika Holding Corp. $PLTK

Key Points

• Algert Global LLC has acquired a new stake in Playtika Holding Corp., purchasing 92,450 shares valued at approximately $478,000 in the first quarter.
• Playtika's quarterly earnings report revealed an EPS of $0.02, which missed analysts' expectations, alongside a revenue of $696 million.
• The company recently declared a $0.10 quarterly dividend, resulting in an annualized yield of 10.7% and a payout ratio of 166.67%.

Algert Global LLC acquired a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 92,450 shares of the company's stock, valued at approximately $478,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Playtika by 117.1% during the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company's stock valued at $26,000 after purchasing an additional 2,695 shares during the last quarter. US Bancorp DE boosted its holdings in Playtika by 280.9% during the 1st quarter. US Bancorp DE now owns 6,707 shares of the company's stock valued at $35,000 after acquiring an additional 4,946 shares during the period. Crestline Management LP purchased a new stake in Playtika during the 4th quarter valued at about $71,000. R Squared Ltd boosted its holdings in Playtika by 84.2% during the 1st quarter. R Squared Ltd now owns 15,090 shares of the company's stock valued at $78,000 after acquiring an additional 6,900 shares during the period. Finally, Monument Capital Management boosted its holdings in Playtika by 48.1% during the 1st quarter. Monument Capital Management now owns 20,021 shares of the company's stock valued at $104,000 after acquiring an additional 6,498 shares during the period. 11.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLTK has been the subject of several research analyst reports. Wedbush dropped their price objective on Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Wall Street Zen upgraded Playtika from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Playtika has an average rating of "Hold" and an average target price of $7.04.

Playtika Stock Performance

Shares of PLTK traded up $0.03 on Friday, reaching $3.72. The stock had a trading volume of 710,810 shares, compared to its average volume of 1,713,451. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.25 and a beta of 0.85. The company has a 50-day simple moving average of $4.37 and a 200-day simple moving average of $4.92. Playtika Holding Corp. has a 12-month low of $3.52 and a 12-month high of $8.80.

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

Playtika Announces Dividend

The business 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 dividend of $0.10 per share. The ex-dividend date is Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a yield of 10.8%. Playtika's payout ratio is presently 166.67%.

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.