Playtika Holding Corp. (NASDAQ:PLTK) Short Interest Update

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 5,150,000 shares, an increase of 16.8% from the February 13th total of 4,410,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 7.6% of the company's stock are sold short.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Macquarie lowered their price objective on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Robert W. Baird reissued a "neutral" rating and issued a $6.00 price objective (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Citigroup lowered their price objective on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, Wedbush reaffirmed an "outperform" rating and set a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $8.32.

Hedge Funds Weigh In On Playtika

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTK. KBC Group NV grew its holdings in Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company's stock worth $62,000 after buying an additional 1,266 shares in the last quarter. Quest Partners LLC grew its holdings in Playtika by 705.5% in the 3rd quarter. Quest Partners LLC now owns 161,249 shares of the company's stock worth $1,277,000 after buying an additional 141,231 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in Playtika by 142.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 29,875 shares of the company's stock worth $237,000 after buying an additional 17,574 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Playtika by 8.8% in the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company's stock worth $81,177,000 after buying an additional 829,372 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in Playtika by 23.2% in the 3rd quarter. Penserra Capital Management LLC now owns 142,564 shares of the company's stock worth $1,129,000 after buying an additional 26,801 shares in the last quarter. 11.94% of the stock is owned by institutional investors.

Remove Ads

Playtika Stock Down 10.3 %

Shares of NASDAQ:PLTK traded down $0.46 during trading on Friday, hitting $4.01. 21,340,447 shares of the company traded hands, compared to its average volume of 970,136. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 1.69 and a beta of 0.98. The business's fifty day moving average is $6.39 and its 200-day moving average is $7.27. Playtika has a one year low of $3.97 and a one year high of $9.16.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.98%. The ex-dividend date of this dividend is Friday, March 21st. Playtika's dividend payout ratio (DPR) is 90.91%.

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.