Playtika Holding Corp. (NASDAQ:PLTK) Shares Sold by CastleKnight Management LP

CastleKnight Management LP lessened its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,965 shares of the company’s stock after selling 22,650 shares during the quarter. CastleKnight Management LP’s holdings in Playtika were worth $1,117,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brevan Howard Capital Management LP acquired a new stake in Playtika during the fourth quarter worth about $207,000. BNP Paribas Financial Markets purchased a new stake in Playtika during the fourth quarter worth approximately $1,222,000. Ameriprise Financial Inc. raised its stake in shares of Playtika by 17.7% in the 4th quarter. Ameriprise Financial Inc. now owns 131,377 shares of the company’s stock valued at $912,000 after acquiring an additional 19,710 shares during the period. Jane Street Group LLC lifted its holdings in shares of Playtika by 38.4% during the 4th quarter. Jane Street Group LLC now owns 212,867 shares of the company’s stock valued at $1,477,000 after acquiring an additional 59,071 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Playtika by 5.7% in the 4th quarter. Northern Trust Corp now owns 544,678 shares of the company’s stock valued at $3,780,000 after purchasing an additional 29,217 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PLTK. Morgan Stanley lowered their target price on Playtika from $7.25 to $5.75 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Robert W. Baird reissued a “neutral” rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Macquarie dropped their price target on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Baird R W downgraded Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Bank of America upgraded Playtika from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.78.

Playtika Trading Down 1.3 %

NASDAQ:PLTK opened at $5.37 on Tuesday. The firm has a market capitalization of $2.02 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $9.16. The stock has a 50 day moving average of $4.96 and a 200-day moving average of $6.67.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend was 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.