Pacer Advisors Inc. Acquires 829,372 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Pacer Advisors Inc. grew its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,249,684 shares of the company's stock after acquiring an additional 829,372 shares during the quarter. Pacer Advisors Inc. owned about 2.76% of Playtika worth $81,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Playtika during the 2nd quarter valued at about $31,000. Versant Capital Management Inc bought a new position in shares of Playtika during the 2nd quarter valued at $36,000. Acadian Asset Management LLC bought a new position in Playtika in the second quarter valued at about $43,000. Headlands Technologies LLC lifted its holdings in Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company's stock valued at $53,000 after acquiring an additional 5,794 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of Playtika during the 3rd quarter valued at about $62,000. 11.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PLTK shares. Macquarie reissued a "neutral" rating and issued a $7.00 price objective on shares of Playtika in a report on Friday, November 8th. Roth Mkm increased their price target on shares of Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Wedbush reissued an "outperform" rating and set a $11.50 price target on shares of Playtika in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Playtika presently has an average rating of "Hold" and an average target price of $9.00.

Playtika Stock Performance

Shares of Playtika stock traded down $0.07 on Friday, hitting $8.53. 453,252 shares of the company traded hands, compared to its average volume of 850,043. The business has a 50-day simple moving average of $7.93 and a 200 day simple moving average of $7.89. 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 $3.18 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 2.17 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS 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 analysts' expectations of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. Research analysts expect 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 will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.69%. Playtika's dividend payout ratio is currently 68.97%.

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.