Pacer Advisors Inc. Has $74.14 Million Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Pacer Advisors Inc. increased its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 19.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,420,312 shares of the company’s stock after acquiring an additional 1,552,606 shares during the period. Pacer Advisors Inc. owned about 2.54% of Playtika worth $74,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Canada Pension Plan Investment Board raised its holdings in shares of Playtika by 17.2% during the second quarter. Canada Pension Plan Investment Board now owns 101,600 shares of the company’s stock worth $800,000 after acquiring an additional 14,900 shares during the period. Amalgamated Bank grew its position in Playtika by 719.0% in the second quarter. Amalgamated Bank now owns 12,384 shares of the company’s stock valued at $97,000 after purchasing an additional 10,872 shares in the last quarter. Renaissance Technologies LLC grew its position in Playtika by 1.6% in the second quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after purchasing an additional 32,802 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Playtika by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 162,450 shares of the company’s stock valued at $1,278,000 after purchasing an additional 5,453 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in Playtika in the second quarter valued at $412,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Performance

Shares of PLTK stock opened at $7.82 on Friday. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.01 and a beta of 0.85. The company has a 50-day simple moving average of $7.46 and a 200 day simple moving average of $7.63. Playtika Holding Corp. has a 52 week low of $6.25 and a 52 week high of $10.28.

Playtika (NASDAQ:PLTK) last announced its earnings results on Wednesday, August 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $627.00 million during the quarter, compared to the consensus estimate of $640.27 million. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. Playtika’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Sell-side analysts forecast that Playtika Holding Corp. will post 0.73 EPS for the current year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, September 20th. Playtika’s dividend payout ratio (DPR) is 72.73%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Thursday. UBS Group assumed coverage on shares of Playtika in a research report on Monday, June 24th. They issued a “neutral” rating and a $8.50 target price for the company. Morgan Stanley raised their target price on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Roth Mkm decreased their price objective on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie downgraded shares of Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.29.

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.