Quantinno Capital Management LP Acquires 299,278 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Quantinno Capital Management LP raised its holdings in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 76.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 692,975 shares of the company's stock after purchasing an additional 299,278 shares during the quarter. Quantinno Capital Management LP owned 0.19% of Playtika worth $4,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Covestor Ltd grew its stake in shares of Playtika by 11.4% during the 4th quarter. Covestor Ltd now owns 14,103 shares of the company's stock worth $98,000 after acquiring an additional 1,447 shares during the period. Sterling Capital Management LLC boosted its position in Playtika by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after purchasing an additional 1,534 shares during the period. Choreo LLC increased its stake in shares of Playtika by 14.9% in the fourth quarter. Choreo LLC now owns 12,485 shares of the company's stock worth $90,000 after purchasing an additional 1,619 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Playtika by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock valued at $3,726,000 after purchasing an additional 1,639 shares during the period. Finally, Invesco Ltd. raised its position in shares of Playtika by 3.0% in the fourth quarter. Invesco Ltd. now owns 78,390 shares of the company's stock valued at $544,000 after purchasing an additional 2,304 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLTK has been the subject of a number of analyst reports. Macquarie cut their price target on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Bank of America upgraded Playtika from an "underperform" rating to a "buy" rating and raised their target price for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Citigroup decreased their price target on Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Robert W. Baird reissued a "neutral" rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Finally, Baird R W lowered shares of Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.78.

Playtika Price Performance

Shares of NASDAQ:PLTK traded down $0.07 on Thursday, hitting $4.57. The company's stock had a trading volume of 1,010,287 shares, compared to its average volume of 1,163,217. The company has a market capitalization of $1.71 billion, a PE ratio of 7.91, a PEG ratio of 1.69 and a beta of 0.91. The company has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $6.46. 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 announced its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company had revenue of $706.00 million during the quarter, compared to analysts' expectations of $699.67 million. During the same period in the prior year, the business earned $0.14 earnings per share. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities research analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.76%. The ex-dividend date of this dividend is Monday, June 23rd. Playtika's dividend payout ratio is currently 105.26%.

Insider Buying and Selling

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