Captrust Financial Advisors Purchases 2,694 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Captrust Financial Advisors lifted its position in Playtika Holding Corp. (NASDAQ:PLTK) by 14.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,474 shares of the company’s stock after acquiring an additional 2,694 shares during the quarter. Captrust Financial Advisors’ holdings in Playtika were worth $170,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLTK. Assenagon Asset Management S.A. bought a new stake in shares of Playtika in the 2nd quarter worth $744,000. Pallas Capital Advisors LLC bought a new position in Playtika during the second quarter valued at about $266,000. Bank of New York Mellon Corp grew its position in Playtika by 40.2% during the second quarter. Bank of New York Mellon Corp now owns 128,725 shares of the company’s stock valued at $1,013,000 after buying an additional 36,883 shares during the period. Allspring Global Investments Holdings LLC grew its position in Playtika by 16.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 37,726 shares of the company’s stock valued at $297,000 after buying an additional 5,352 shares during the period. Finally, ARK Investment Management LLC grew its position in Playtika by 7.9% during the second quarter. ARK Investment Management LLC now owns 314,742 shares of the company’s stock valued at $2,477,000 after buying an additional 22,913 shares during the period. Institutional investors own 11.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Macquarie restated a “neutral” rating and set a $7.00 price target on shares of Playtika in a research report on Friday, November 8th. 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. Finally, Wedbush restated an “outperform” rating and set a $11.50 price target on shares of Playtika in a research report on Thursday, September 19th. One research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Playtika Trading Down 1.8 %

Shares of Playtika stock opened at $7.49 on Tuesday. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $9.15. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.97 and a beta of 0.88. The company’s 50-day moving average price is $8.09 and its 200-day moving average price is $7.85.

Playtika (NASDAQ:PLTK) last announced its quarterly 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). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The firm had revenue of $620.80 million during the quarter, compared to analysts’ expectations of $622.46 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s payout ratio is 68.97%.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $8.55, for a total value of $626,894.55. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 677,971 shares of company stock valued at $5,667,525 over the last three months. 4.80% of the stock is owned by corporate insiders.

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.