LSV Asset Management Decreases Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

LSV Asset Management cut its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,022,767 shares of the company’s stock after selling 523,218 shares during the quarter. LSV Asset Management’s holdings in Playtika were worth $48,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CenterBook Partners LP purchased a new position in shares of Playtika during the 4th quarter worth about $240,000. Raymond James Financial Inc. bought a new stake in Playtika in the fourth quarter worth about $755,000. Invesco Ltd. boosted its position in shares of Playtika by 3.0% during the fourth quarter. Invesco Ltd. now owns 78,390 shares of the company’s stock valued at $544,000 after buying an additional 2,304 shares during the period. Aster Capital Management DIFC Ltd grew its stake in shares of Playtika by 7,917.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 11,305 shares of the company’s stock valued at $78,000 after buying an additional 11,164 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Playtika by 43.4% in the fourth quarter. Russell Investments Group Ltd. now owns 260,040 shares of the company’s stock worth $1,812,000 after buying an additional 78,716 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Stock Performance

Shares of PLTK opened at $4.97 on Friday. The stock has a market capitalization of $1.87 billion, a PE ratio of 8.57, a PEG ratio of 1.69 and a beta of 0.92. The company has a 50 day moving average price of $5.64 and a 200-day moving average price of $6.96. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.16.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.10 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.05%. Playtika’s dividend payout ratio is presently 90.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wedbush restated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a report on Wednesday, February 26th. Bank of America raised shares of Playtika from an “underperform” rating to a “buy” rating and boosted their target price for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Baird R W downgraded shares of Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Macquarie lowered their price objective on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Finally, Citigroup reduced their target price on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.09.

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.