Public Employees Retirement System of Ohio Acquires New Position in Playtika Holding Corp. (NASDAQ:PLTK)

Public Employees Retirement System of Ohio acquired a new position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 76,750 shares of the company's stock, valued at approximately $608,000.

A number of other large investors have also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Playtika in the second quarter worth $31,000. Acadian Asset Management LLC bought a new position in shares of Playtika during the 2nd quarter worth approximately $43,000. Headlands Technologies LLC grew its holdings in Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company's stock worth $53,000 after purchasing an additional 5,794 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Playtika during the third quarter worth $62,000. Finally, KBC Group NV raised its stake in 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 buying an additional 1,266 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors.

Playtika Trading Down 1.7 %

PLTK stock traded down $0.12 during trading on Friday, reaching $6.85. 3,607,640 shares of the stock were exchanged, compared to its average volume of 861,036. The business has a 50 day moving average price of $8.06 and a 200-day moving average price of $7.81. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $9.15. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business had revenue of $620.80 million during the quarter, compared to analysts' expectations of $622.46 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Playtika's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.84%. Playtika's payout ratio is currently 68.97%.

Insider Activity at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $8.69, for a total value of $845,241.54. Following the transaction, the insider now directly owns 202,968,069 shares in the company, valued at $1,763,792,519.61. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 753,894 shares of company stock valued at $6,239,985 over the last quarter. 4.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Macquarie restated a "neutral" rating and set a $7.00 price objective on shares of Playtika in a report on Friday, November 8th. Wedbush reaffirmed an "outperform" rating and issued a $11.50 price target on shares of Playtika in a report on Thursday, September 19th. Finally, Roth Mkm lifted their price target on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. One equities research 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $9.00.

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.