Bridgefront Capital LLC Boosts Stock Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Bridgefront Capital LLC boosted its stake in Playtika Holding Corp. (NASDAQ:PLTK – Get Rating) by 48.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,468 shares of the company’s stock after acquiring an additional 5,681 shares during the quarter. Bridgefront Capital LLC’s holdings in Playtika were worth $164,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PLTK. Nisa Investment Advisors LLC acquired a new stake in Playtika in the 3rd quarter valued at $27,000. Captrust Financial Advisors grew its stake in Playtika by 784.7% in the 2nd quarter. Captrust Financial Advisors now owns 3,362 shares of the company’s stock valued at $45,000 after acquiring an additional 2,982 shares during the period. Boston Partners acquired a new stake in Playtika in the 3rd quarter valued at $51,000. Point72 Hong Kong Ltd acquired a new stake in Playtika in the 3rd quarter valued at $67,000. Finally, IFP Advisors Inc acquired a new stake in Playtika during the 3rd quarter worth $76,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PLTK shares. Citigroup lowered their target price on shares of Playtika from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, December 19th. Credit Suisse Group lifted their target price on shares of Playtika from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 1st. DA Davidson cut shares of Playtika from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research note on Friday, January 27th. Bank Of America (Bofa) raised shares of Playtika from an “underperform” rating to a “neutral” rating and set a $9.00 target price on the stock in a research note on Tuesday, December 13th. Finally, Morgan Stanley lowered their target price on shares of Playtika from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 18th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.65.

Playtika Trading Up 2.2 %

Shares of PLTK opened at $10.57 on Friday. The firm has a market cap of $3.86 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.65. Playtika Holding Corp. has a 12-month low of $7.81 and a 12-month high of $20.31. The company’s 50-day moving average price is $9.94 and its 200 day moving average price is $9.66.

Playtika (NASDAQ:PLTK – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.08. The firm had revenue of $631.20 million for the quarter, compared to analyst estimates of $627.54 million. Playtika had a net margin of 10.53% and a negative return on equity of 101.86%. Playtika’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. Equities research analysts forecast that Playtika Holding Corp. will post 0.79 earnings per share for the current year.

Playtika Profile

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Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.