Rhumbline Advisers Has $195,000 Position in Playtika Holding Corp. (NASDAQ:PLTK)

Rhumbline Advisers lessened its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 12.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,634 shares of the company’s stock after selling 5,175 shares during the period. Rhumbline Advisers’ holdings in Playtika were worth $195,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Covestor Ltd increased its stake in Playtika by 11.4% during the 4th quarter. Covestor Ltd now owns 14,103 shares of the company’s stock valued at $98,000 after purchasing an additional 1,447 shares in the last quarter. Sterling Capital Management LLC increased its stake in Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after purchasing an additional 1,534 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Playtika by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company’s stock valued at $3,726,000 after purchasing an additional 1,639 shares in the last quarter. Invesco Ltd. increased its stake in Playtika by 3.0% during the 4th quarter. Invesco Ltd. now owns 78,390 shares of the company’s stock valued at $544,000 after purchasing an additional 2,304 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Playtika by 5.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company’s stock worth $392,000 after acquiring an additional 2,886 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Insiders Place Their Bets

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $4.77, for a total value of $719,645.13. Following the completion of the transaction, the insider now directly owns 199,359,642 shares in the company, valued at $950,945,492.34. This represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 739,922 shares of company stock worth $3,548,194 in the last three months. 5.10% of the stock is owned by company insiders.

Playtika Stock Up 1.3%

NASDAQ PLTK opened at $4.82 on Thursday. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $8.80. The firm has a market capitalization of $1.81 billion, a P/E ratio of 12.68, a PEG ratio of 1.26 and a beta of 0.85. The company has a 50-day moving average price of $4.90 and a 200-day moving average price of $5.82.

Playtika (NASDAQ:PLTK) last released 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). The firm had revenue of $706.00 million during the quarter, compared to analysts’ expectations of $699.67 million. Playtika had a negative return on equity of 149.09% and a net margin of 5.37%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, equities research analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.30%. The ex-dividend date is Monday, June 23rd. Playtika’s dividend payout ratio is 105.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PLTK shares. Macquarie cut their target price on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Citigroup decreased their price target on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Morgan Stanley decreased their target price on shares of Playtika from $7.25 to $5.75 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Finally, Baird R W cut shares of Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Playtika currently has an average rating of “Hold” and an average price target of $7.68.

About Playtika

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.