Campbell & CO Investment Adviser LLC Trims Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Campbell & CO Investment Adviser LLC lessened its stake in Playtika Holding Corp. (NASDAQ:PLTKFree Report) by 16.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,850 shares of the company’s stock after selling 16,904 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Playtika were worth $749,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management lifted its position in shares of Playtika by 62.9% in the 4th quarter. LSV Asset Management now owns 7,500,132 shares of the company’s stock worth $65,401,000 after buying an additional 2,896,619 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Playtika by 2.1% during the third quarter. AQR Capital Management LLC now owns 5,093,530 shares of the company’s stock valued at $49,051,000 after purchasing an additional 106,916 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Playtika by 41.9% during the 4th quarter. Pacer Advisors Inc. now owns 4,494,488 shares of the company’s stock worth $39,192,000 after purchasing an additional 1,327,596 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Playtika by 185.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock worth $23,267,000 after purchasing an additional 1,568,593 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Playtika by 105.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 785,429 shares of the company’s stock valued at $7,564,000 after purchasing an additional 402,821 shares during the period. 11.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Gili Brudno sold 67,250 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $8.72, for a total value of $586,420.00. Following the completion of the sale, the insider now owns 201,750 shares in the company, valued at $1,759,260. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PLTK shares. Robert W. Baird raised their target price on Playtika from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Wedbush reduced their target price on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. The Goldman Sachs Group dropped their price target on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Morgan Stanley cut their price target on Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Finally, Roth Mkm increased their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Playtika presently has a consensus rating of “Hold” and a consensus price target of $10.30.

Check Out Our Latest Stock Analysis on PLTK

Playtika Price Performance

Shares of PLTK opened at $8.99 on Friday. The firm’s 50 day moving average is $7.84 and its 200-day moving average is $7.79. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $12.90. The stock has a market capitalization of $3.34 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.64 and a beta of 0.87.

Playtika (NASDAQ:PLTKGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Playtika had a net margin of 7.96% and a negative return on equity of 94.21%. The firm had revenue of $651.20 million for the quarter, compared to analyst estimates of $642.38 million. As a group, equities research analysts forecast that Playtika Holding Corp. will post 0.67 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.40 dividend on an annualized basis and a yield of 4.45%. Playtika’s dividend payout ratio is currently 72.73%.

About Playtika

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Playtika (NASDAQ:PLTK)

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