Quantinno Capital Management LP Sells 152,972 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Quantinno Capital Management LP decreased its position in Playtika Holding Corp. (NASDAQ:PLTK) by 28.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 393,697 shares of the company’s stock after selling 152,972 shares during the quarter. Quantinno Capital Management LP’s holdings in Playtika were worth $3,118,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in Playtika by 65.1% during the third quarter. CWM LLC now owns 85,971 shares of the company’s stock worth $681,000 after buying an additional 33,902 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Playtika in the 2nd quarter worth approximately $744,000. Jacobs Levy Equity Management Inc. grew its position in Playtika by 14.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock worth $9,010,000 after acquiring an additional 142,112 shares during the last quarter. Quest Partners LLC increased its holdings in Playtika by 705.5% during the 3rd quarter. Quest Partners LLC now owns 161,249 shares of the company’s stock valued at $1,277,000 after purchasing an additional 141,231 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in Playtika in the 3rd quarter valued at $1,473,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $8.55, for a total transaction of $626,894.55. Following the sale, the insider now owns 203,065,335 shares of the company’s stock, valued at $1,736,208,614.25. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 386,463 shares of company stock valued at $3,285,905. 4.80% of the stock is owned by company insiders.

Playtika Stock Performance

Shares of Playtika stock opened at $8.61 on Tuesday. Playtika Holding Corp. has a 52 week low of $6.25 and a 52 week high of $9.23. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.21 and a beta of 0.87. The firm has a fifty day moving average of $8.06 and a two-hundred day moving average of $7.87.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. As a group, research analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PLTK. Roth Mkm raised their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Playtika in a research note on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and set a $11.50 price target on shares of Playtika in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.00.

Playtika 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.