Russell Investments Group Ltd. Grows Stake in Playtika Holding Corp. $PLTK

Key Points

• Russell Investments Group Ltd. increased its stake in Playtika Holding Corp. by 31.3% during the first quarter, now owning 341,343 shares valued at $1.77 million.
• Playtika recently declared a quarterly dividend of $0.10, representing a 10.9% dividend yield and a payout ratio of 166.67%.
• Despite reporting a revenue increase of 11.0% year-over-year, Playtika missed earnings expectations for the last quarter, posting $0.02 EPS against a consensus of $0.15.

Russell Investments Group Ltd. grew its position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 31.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 341,343 shares of the company's stock after purchasing an additional 81,303 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Playtika worth $1,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after buying an additional 2,695 shares during the period. US Bancorp DE lifted its stake in shares of Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after buying an additional 4,946 shares during the period. Crestline Management LP acquired a new stake in shares of Playtika during the fourth quarter worth $71,000. R Squared Ltd lifted its stake in shares of Playtika by 84.2% during the first 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 period. Finally, Monument Capital Management lifted its stake in shares of Playtika by 48.1% during the first quarter. Monument Capital Management now owns 20,021 shares of the company's stock worth $104,000 after buying an additional 6,498 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Stock Performance

NASDAQ PLTK traded up $0.02 on Friday, reaching $3.71. 1,382,045 shares of the company's stock traded hands, compared to its average volume of 2,028,944. Playtika Holding Corp. has a fifty-two week low of $3.52 and a fifty-two week high of $8.80. The stock has a 50 day moving average price of $4.35 and a 200-day moving average price of $4.87. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.25 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share 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 firm had revenue of $696.00 million during the quarter, compared to analysts' expectations of $706.03 million. During the same period in the previous year, the firm posted $0.23 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued 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 yield of 10.8%. Playtika's payout ratio is presently 166.67%.

Wall Street Analysts Forecast Growth

PLTK has been the subject of several research reports. Wall Street Zen upgraded shares of Playtika from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Wedbush decreased their target price on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.