Edgestream Partners L.P. Acquires Shares of 185,968 Playtika Holding Corp. (NASDAQ:PLTK)

Edgestream Partners L.P. purchased a new stake in Playtika Holding Corp. (NASDAQ:PLTK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 185,968 shares of the company’s stock, valued at approximately $1,473,000.

A number of other institutional investors have also recently modified their holdings of PLTK. KBC Group NV increased its holdings in Playtika by 19.3% in the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after buying an additional 1,266 shares in the last quarter. Captrust Financial Advisors raised its holdings in Playtika by 14.3% during the third quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock worth $170,000 after purchasing an additional 2,694 shares during the last quarter. SG Americas Securities LLC boosted its position in Playtika by 3.3% during the third quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock worth $787,000 after purchasing an additional 3,206 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Playtika by 16.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock valued at $179,000 after purchasing an additional 3,265 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Playtika in the second quarter valued at $31,000. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Playtika Trading Up 1.3 %

Shares of NASDAQ:PLTK opened at $8.57 on Wednesday. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $9.23. The firm has a market cap of $3.19 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.18 and a beta of 0.88. The company has a fifty day simple moving average of $8.00 and a 200 day simple moving average of $7.88.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. As a group, equities research analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

Analyst Ratings Changes

PLTK has been the topic of several research reports. Roth Mkm increased their price target on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, November 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and an average target price of $9.00.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 91,386 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $8.35, for a total transaction of $763,073.10. Following the completion of the transaction, the insider now owns 202,797,957 shares of the company’s stock, valued at approximately $1,693,362,940.95. The trade was a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 261,973 shares of company stock worth $2,235,209. 4.80% of the stock is currently owned by insiders.

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.