Amalgamated Bank Sells 8,531 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Amalgamated Bank trimmed its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 68.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,853 shares of the company’s stock after selling 8,531 shares during the period. Amalgamated Bank’s holdings in Playtika were worth $31,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Playtika during the second quarter worth about $31,000. Versant Capital Management Inc acquired a new position in shares of Playtika in the 2nd quarter worth approximately $36,000. Acadian Asset Management LLC bought a new position in shares of Playtika during the 2nd quarter worth approximately $43,000. Headlands Technologies LLC boosted its stake in Playtika by 648.8% in the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after buying an additional 5,794 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in Playtika in the third quarter valued at $81,000. 11.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLTK has been the topic of several recent analyst reports. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Roth Mkm upped their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Playtika in a report on Friday, November 8th. Finally, Morgan Stanley boosted their target price on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.18.

Playtika Price Performance

Shares of Playtika stock opened at $8.45 on Tuesday. The firm has a 50 day simple moving average of $7.84 and a 200 day simple moving average of $7.87. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.23. The firm has a market cap of $3.15 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.18 and a beta of 0.85.

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

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 4.73%. Playtika’s dividend payout ratio is currently 68.97%.

About Playtika

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.