Sanctuary Advisors LLC Takes Position in Playtika Holding Corp. (NASDAQ:PLTK)

Sanctuary Advisors LLC purchased a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 22,151 shares of the company’s stock, valued at approximately $159,000.

Several other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Playtika by 19.7% during the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after buying an additional 1,552,606 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Playtika by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after buying an additional 3,132,272 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Playtika by 3.4% during the 1st quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock valued at $54,683,000 after buying an additional 256,353 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Playtika by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after acquiring an additional 76,948 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Playtika by 1.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after acquiring an additional 32,802 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Trading Down 0.3 %

Shares of NASDAQ:PLTK opened at $7.56 on Monday. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $9.55. The firm has a market capitalization of $2.81 billion, a PE ratio of 13.26, a PEG ratio of 1.55 and a beta of 0.85. The business’s 50 day moving average is $7.53 and its 200-day moving average is $7.72.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The company had revenue of $627.00 million for the quarter, compared to analyst estimates of $640.27 million. During the same quarter last year, the firm earned $0.21 EPS. Playtika’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Playtika Holding Corp. will post 0.73 EPS for the current year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Friday, September 20th. Playtika’s payout ratio is presently 70.18%.

Wall Street Analysts Forecast Growth

PLTK has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Playtika in a research note on Monday, June 24th. They issued a “neutral” rating and a $8.50 price objective on the stock. Roth Mkm cut their price objective on Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Wedbush reissued an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Finally, Morgan Stanley raised their price objective on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.