Sanctuary Advisors LLC Acquires 9,658 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Sanctuary Advisors LLC raised its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 43.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,809 shares of the company’s stock after purchasing an additional 9,658 shares during the period. Sanctuary Advisors LLC’s holdings in Playtika were worth $271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTK. Pacer Advisors Inc. increased its stake in shares of Playtika by 8.8% in the third quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after buying an additional 829,372 shares during the period. AQR Capital Management LLC raised its holdings in Playtika by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock worth $61,672,000 after purchasing an additional 3,132,272 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Playtika by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares during the period. Renaissance Technologies LLC boosted 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 purchasing an additional 32,802 shares during the last quarter. Finally, FMR LLC increased its position in shares of Playtika by 1.2% during the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock worth $10,611,000 after buying an additional 15,471 shares during the period. 11.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $8.55, for a total value of $626,894.55. Following the completion of the sale, the insider now owns 203,065,335 shares in the company, valued at $1,736,208,614.25. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 753,894 shares of company stock valued at $6,239,985 over the last ninety days. 4.80% of the stock is currently owned by insiders.

Playtika Stock Up 0.7 %

NASDAQ PLTK opened at $6.77 on Friday. Playtika Holding Corp. has a 52 week low of $6.25 and a 52 week high of $9.15. The business has a 50 day moving average price of $7.98 and a 200-day moving average price of $7.74. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. On average, equities research analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Macquarie reiterated a “neutral” rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.00.

Playtika Company 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.