Versant Capital Management Inc Grows Stock Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Versant Capital Management Inc grew its position in Playtika Holding Corp. (NASDAQ:PLTK) by 148.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,847 shares of the company’s stock after buying an additional 3,496 shares during the quarter. Versant Capital Management Inc’s holdings in Playtika were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV grew its holdings in shares of 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 purchasing an additional 1,266 shares in the last quarter. Captrust Financial Advisors boosted its position in Playtika by 14.3% in the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock valued at $170,000 after buying an additional 2,694 shares during the period. SG Americas Securities LLC grew its stake in shares of Playtika by 3.3% in the third quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock worth $787,000 after acquiring an additional 3,206 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Playtika by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 162,450 shares of the company’s stock worth $1,278,000 after acquiring an additional 5,453 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Playtika in the second quarter valued at $43,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLTK shares. Roth Mkm increased their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. Finally, Macquarie reiterated a “neutral” rating and set a $7.00 price target on shares of Playtika in a report on Friday, November 8th. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.00.

Playtika Stock Performance

NASDAQ PLTK opened at $7.07 on Tuesday. The firm’s fifty day moving average is $7.90 and its two-hundred day moving average is $7.68. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.15. The firm has a market cap of $2.64 billion, a PE ratio of 12.19, a P/E/G ratio of 1.97 and a beta of 0.92.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company had revenue of $620.80 million for the quarter, compared to analysts’ expectations of $622.46 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Friday, December 20th. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the transaction, the insider now owns 200,554,660 shares in the company, valued at approximately $1,512,182,136.40. This represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 753,894 shares of company stock worth $6,239,985. Company insiders own 4.80% of the company’s stock.

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.