Quantinno Capital Management LP Has $4.81 Million Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

Quantinno Capital Management LP increased its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 692,975 shares of the company's stock after acquiring an additional 299,278 shares during the period. Quantinno Capital Management LP owned 0.19% of Playtika worth $4,809,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Mork Capital Management LLC bought a new position in Playtika in the 4th quarter worth $1,025,000. Jacobs Levy Equity Management Inc. grew its position in shares of Playtika by 2.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,160,806 shares of the company's stock valued at $8,056,000 after purchasing an additional 23,211 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Playtika in the fourth quarter valued at about $282,000. Deutsche Bank AG bought a new position in shares of Playtika in the fourth quarter worth about $567,000. Finally, Concentric Capital Strategies LP acquired a new position in shares of Playtika during the 4th quarter worth about $130,000. 11.94% of the stock is owned by institutional investors.

Playtika Stock Performance

Shares of PLTK stock traded down $0.05 during mid-day trading on Friday, reaching $4.53. The company's stock had a trading volume of 223,800 shares, compared to its average volume of 1,163,460. The firm's 50-day moving average is $4.96 and its two-hundred day moving average is $6.43. The company has a market cap of $1.70 billion, a P/E ratio of 7.82, a PEG ratio of 1.69 and a beta of 0.91. Playtika Holding Corp. has a 1-year low of $3.97 and a 1-year high of $9.07.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). The company had revenue of $706.00 million during the quarter, compared to analyst estimates of $699.67 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. Sell-side analysts anticipate 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 Monday, July 7th. Stockholders of record on Monday, June 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 8.84%. Playtika's dividend payout ratio is presently 105.26%.

Analyst Ratings Changes

A number of research firms have issued reports on PLTK. Robert W. Baird reaffirmed a "neutral" rating and issued a $6.00 target price (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Macquarie dropped their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Friday, February 28th. Citigroup cut their target price on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and raised their price target for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Finally, Morgan Stanley dropped their price objective on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Playtika presently has a consensus rating of "Hold" and an average target price of $7.78.

Insider Transactions at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $5.00, for a total transaction of $1,000,000.00. Following the sale, the insider now directly owns 200,347,048 shares in the company, valued at $1,001,735,240. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is owned by insiders.

Playtika Company 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.