SG Americas Securities LLC Sells 42,356 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

SG Americas Securities LLC cut its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 24.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,652 shares of the company’s stock after selling 42,356 shares during the period. SG Americas Securities LLC’s holdings in Playtika were worth $686,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Playtika by 5.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company’s stock valued at $392,000 after buying an additional 2,886 shares during the period. Mackenzie Financial Corp lifted its position in Playtika by 314.3% during the fourth quarter. Mackenzie Financial Corp now owns 49,596 shares of the company’s stock valued at $344,000 after purchasing an additional 37,625 shares during the period. Neo Ivy Capital Management lifted its position in Playtika by 756.9% during the fourth quarter. Neo Ivy Capital Management now owns 60,963 shares of the company’s stock valued at $423,000 after purchasing an additional 53,849 shares during the period. CSS LLC IL increased its holdings in Playtika by 78.9% during the fourth quarter. CSS LLC IL now owns 50,233 shares of the company’s stock valued at $349,000 after buying an additional 22,161 shares during the last quarter. Finally, Woodline Partners LP increased its holdings in Playtika by 41.4% during the fourth quarter. Woodline Partners LP now owns 449,877 shares of the company’s stock valued at $3,122,000 after buying an additional 131,669 shares during the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Insider Transactions at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of Playtika stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $4.77, for a total value of $719,645.13. Following the completion of the sale, the insider now owns 199,359,642 shares in the company, valued at approximately $950,945,492.34. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 739,922 shares of company stock valued at $3,548,194. Corporate insiders own 5.10% of the company’s stock.

Playtika Price Performance

NASDAQ:PLTK opened at $4.52 on Friday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 11.90, a PEG ratio of 1.21 and a beta of 0.85. The company’s fifty day moving average price is $4.92 and its 200-day moving average price is $5.90. Playtika Holding Corp. has a 1-year low of $3.97 and a 1-year high of $8.80.

Playtika (NASDAQ:PLTK) last announced its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Playtika had a net margin of 5.37% and a negative return on equity of 149.09%. The company had revenue of $706.00 million during the quarter, compared to analyst estimates of $699.67 million. During the same quarter last year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.85%. The ex-dividend date is Monday, June 23rd. Playtika’s dividend payout ratio is currently 105.26%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLTK. Bank of America upgraded shares of Playtika from an “underperform” rating to a “buy” rating and lifted their price target for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Morgan Stanley cut their price target on shares of Playtika from $7.25 to $5.75 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Friday, May 2nd. Macquarie dropped their price objective on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Finally, Baird R W cut shares of Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.78.

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.