Mork Capital Management LLC Makes New $1.03 Million Investment in Playtika Holding Corp. (NASDAQ:PLTK)

Mork Capital Management LLC bought a new stake in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 147,700 shares of the company's stock, valued at approximately $1,025,000.

Other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in shares of 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 acquiring an additional 1,534 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock worth $34,000 after acquiring an additional 2,910 shares in the last quarter. R Squared Ltd bought a new stake in shares of Playtika during the fourth quarter worth $57,000. Kera Capital Partners Inc. bought a new stake in shares of Playtika during the fourth quarter worth $70,000. Finally, Crestline Management LP bought a new stake in shares of Playtika during the fourth quarter worth $71,000. Institutional investors own 11.94% of the company's stock.

Playtika Stock Down 0.4%

Shares of PLTK traded down $0.02 during trading hours on Friday, hitting $5.00. The company had a trading volume of 1,629,641 shares, compared to its average volume of 1,149,811. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.69 and a beta of 0.91. The business has a fifty day moving average of $4.96 and a 200-day moving average of $6.54. Playtika Holding Corp. has a 12 month low of $3.97 and a 12 month high of $9.16.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $706.00 million during the quarter, compared to analyst estimates of $699.67 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. Playtika's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, equities analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The company also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Monday, June 23rd. Playtika's dividend payout ratio is currently 105.26%.

Analysts Set New Price Targets

PLTK has been the subject of several research reports. Macquarie lowered their price objective on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Wedbush restated an "outperform" rating and set a $11.50 target price on shares of Playtika in a report on Friday, May 2nd. Morgan Stanley reduced their target price on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and increased their price target for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.78.

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.