Choreo LLC Invests $124,000 in Playtika Holding Corp. (NASDAQ:PLTK)

Choreo LLC acquired a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,187 shares of the company’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Playtika during the second quarter worth $31,000. Versant Capital Management Inc purchased a new position in Playtika during the 2nd quarter worth $36,000. Acadian Asset Management LLC acquired a new position in Playtika during the 2nd quarter valued at about $43,000. Banque Cantonale Vaudoise purchased a new stake in Playtika in the first quarter valued at about $82,000. Finally, CIBC Asset Management Inc acquired a new stake in Playtika in the second quarter worth about $83,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTK. 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. UBS Group initiated coverage on shares of Playtika in a report on Monday, June 24th. They issued a “neutral” rating and a $8.50 price target for the company. Wedbush reissued an “outperform” rating and set a $11.50 price objective on shares of Playtika in a report on Thursday. Morgan Stanley raised their target price on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Macquarie downgraded Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.29.

Playtika Trading Down 4.5 %

Playtika stock opened at $7.82 on Friday. The firm has a market cap of $2.91 billion, a PE ratio of 14.22, a P/E/G ratio of 1.01 and a beta of 0.85. Playtika Holding Corp. has a 12 month low of $6.25 and a 12 month high of $10.28. The stock’s 50 day simple moving average is $7.47 and its two-hundred day simple moving average is $7.62.

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

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Friday, September 20th. Playtika’s dividend payout ratio is presently 72.73%.

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.