CenterBook Partners LP Purchases 89,968 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Key Points

• CenterBook Partners LP increased its stake in Playtika Holding Corp. by 260.3%, now holding 124,533 shares valued at $644,000.
• Analysts are mixed on Playtika, with a consensus rating of "Moderate Buy" and a target price of $7.68, while Morgan Stanley lowered its price target to $5.75.
• Playtika's quarterly earnings report showed a miss on EPS estimates at $0.09, with revenue of $706 million, representing an 8.4% year-over-year increase.

CenterBook Partners LP grew its holdings in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 260.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,533 shares of the company's stock after purchasing an additional 89,968 shares during the period. CenterBook Partners LP's holdings in Playtika were worth $644,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PLTK. Vanguard Group Inc. increased its holdings in Playtika by 4.0% in the first quarter. Vanguard Group Inc. now owns 3,610,729 shares of the company's stock worth $18,667,000 after buying an additional 137,482 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Playtika by 9.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company's stock worth $20,312,000 after buying an additional 241,658 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Playtika by 2.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,160,806 shares of the company's stock worth $8,056,000 after buying an additional 23,211 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Playtika by 143.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company's stock worth $3,719,000 after buying an additional 423,738 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Playtika by 76.0% in the fourth quarter. Quantinno Capital Management LP now owns 692,975 shares of the company's stock worth $4,809,000 after buying an additional 299,278 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company's stock.

Insider Buying and Selling at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $4.77, for a total value of $719,645.13. Following the completion of the sale, the insider directly owned 199,359,642 shares of the company's stock, valued at approximately $950,945,492.34. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 739,922 shares of company stock valued at $3,548,194 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

Playtika Stock Down 3.8%

PLTK stock traded down $0.15 during midday trading on Friday, hitting $3.80. 2,427,868 shares of the company traded hands, compared to its average volume of 1,448,644. Playtika Holding Corp. has a twelve month low of $3.66 and a twelve month high of $8.80. The business has a 50 day simple moving average of $4.67 and a 200-day simple moving average of $5.25. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.01 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last posted 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). Playtika had a net margin of 3.23% and a negative return on equity of 78.88%. The business had revenue of $696.00 million during the quarter, compared to the consensus estimate of $706.03 million. During the same period in the prior year, the company posted $0.23 earnings per share. The firm's revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Friday, September 26th. Playtika's dividend payout ratio is currently 105.26%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Playtika from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley lowered their price target on Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Wedbush lowered their price target on Playtika from $11.50 to $7.00 and set an "outperform" rating on the stock in a report on Friday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.04.

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.