CenterBook Partners LP Has $644,000 Stock Position in 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 lifted its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 260.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,533 shares of the company's stock after acquiring an additional 89,968 shares during the quarter. CenterBook Partners LP's holdings in Playtika were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTK. Headlands Technologies LLC boosted its stake in shares of Playtika by 40.2% in the first quarter. Headlands Technologies LLC now owns 69,886 shares of the company's stock valued at $361,000 after purchasing an additional 20,035 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Playtika by 143.4% in the 1st 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. Vanguard Group Inc. lifted its position in shares of Playtika by 4.0% in the 1st 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. R Squared Ltd lifted its position in shares of Playtika by 84.2% in the 1st quarter. R Squared Ltd now owns 15,090 shares of the company's stock worth $78,000 after buying an additional 6,900 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Playtika in the 1st quarter worth about $244,000. Institutional investors and hedge funds own 11.94% of the company's stock.

Playtika Stock Performance

Shares of NASDAQ:PLTK traded up $0.04 during midday trading on Tuesday, reaching $3.82. The company had a trading volume of 959,106 shares, compared to its average volume of 1,692,148. The company has a fifty day simple moving average of $4.65 and a two-hundred day simple moving average of $5.21. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.02 and a beta of 0.85. Playtika Holding Corp. has a 1-year low of $3.65 and a 1-year high of $8.80.

Playtika (NASDAQ:PLTK - Get Free Report) last released its earnings results 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 analysts' expectations of $706.03 million. Playtika had a negative return on equity of 78.88% and a net margin of 3.23%. The business's revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. Analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 10.5%. Playtika's payout ratio is 166.67%.

Wall Street Analyst Weigh In

PLTK has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised Playtika from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Wedbush lowered their target price on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating on the stock in a research note on Friday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.04.

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of Playtika stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 in the company, valued at $950,945,492.34. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 739,922 shares of company stock valued at $3,548,194 in the last ninety days. 4.80% of the stock is owned by insiders.

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.