Algert Global LLC Makes New $478,000 Investment 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 position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 92,450 shares of the company's stock, valued at approximately $478,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Playtika by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock worth $3,726,000 after buying an additional 1,639 shares during the period. SummerHaven Investment Management LLC boosted its stake in Playtika by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company's stock worth $534,000 after buying an additional 2,006 shares during the period. Invesco Ltd. boosted its stake in Playtika by 3.0% during the fourth quarter. Invesco Ltd. now owns 78,390 shares of the company's stock worth $544,000 after buying an additional 2,304 shares during the period. Allworth Financial LP boosted its stake in 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. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Playtika by 5.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company's stock worth $392,000 after purchasing an additional 2,886 shares during the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTK. Wedbush decreased their target price on Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Wall Street Zen upgraded Playtika from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $7.04.

Playtika Stock Up 0.5%

Shares of PLTK stock traded up $0.02 on Friday, hitting $3.71. The stock had a trading volume of 1,382,045 shares, compared to its average volume of 2,028,944. The business has a 50 day moving average price of $4.35 and a 200 day moving average price of $4.87. The company has a market cap of $1.39 billion, a PE ratio of 15.46, a P/E/G ratio of 1.25 and a beta of 0.85. Playtika Holding Corp. has a one year low of $3.52 and a one year high of $8.80.

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

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.10 dividend. 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 currently 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.