Petrus Trust Company LTA Takes $363,000 Position in Playtika Holding Corp. $PLTK

Key Points

• Petrus Trust Company LTA has made a new investment in Playtika Holding Corp., acquiring 70,163 shares valued at approximately $363,000.
• Playtika announced a quarterly dividend of $0.10 per share, with the ex-dividend date set for September 26th and a yield of 10.8%.
• Analysts have mixed views on Playtika, with ratings ranging from a "buy" to "hold," and the current consensus target price is $7.04.

Petrus Trust Company LTA bought a new position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 70,163 shares of the company's stock, valued at approximately $363,000.

Several other large investors have also made changes to their positions in PLTK. Allworth Financial LP grew its holdings in shares of Playtika by 117.1% in the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after purchasing an additional 2,695 shares during the last quarter. Quarry LP acquired a new position in Playtika during the 1st quarter worth about $29,000. US Bancorp DE lifted its position in Playtika by 280.9% during the 1st quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after buying an additional 4,946 shares in the last quarter. Brooklyn Investment Group lifted its position in Playtika by 15,890.5% during the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company's stock worth $35,000 after buying an additional 6,674 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Playtika during the 1st quarter worth about $52,000. Institutional investors own 11.94% of the company's stock.

Playtika Stock Performance

Playtika stock traded up $0.07 during trading hours on Friday, reaching $3.75. 1,960,527 shares of the company's stock traded hands, compared to its average volume of 1,989,132. Playtika Holding Corp. has a fifty-two week low of $3.52 and a fifty-two week high of $8.80. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.24 and a beta of 0.84. The firm's 50 day moving average is $4.13 and its 200-day moving average is $4.63.

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 analysts' consensus estimates of $0.15 by ($0.13). Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The business had revenue of $696.00 million for the quarter, compared to analyst estimates of $706.03 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business's revenue for the quarter was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. Analysts predict that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.7%. Playtika's dividend payout ratio is 166.67%.

Analyst Ratings Changes

PLTK has been the topic of several research reports. Wedbush reduced their price target on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. UBS Group reduced their price target on shares of Playtika from $5.50 to $4.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Wall Street Zen upgraded shares of Playtika from a "hold" rating to a "buy" rating in a research 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 stock. Based on data from MarketBeat.com, Playtika presently has a consensus rating of "Hold" and an average target price of $6.66.

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.