Magnetar Financial LLC Makes New $395,000 Investment in Playtika Holding Corp. (NASDAQ:PLTK)

Magnetar Financial LLC purchased a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the 4th quarter, Holdings Channel.com reports. The fund purchased 56,946 shares of the company’s stock, valued at approximately $395,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTK. GAMMA Investing LLC increased its stake in Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after acquiring an additional 2,910 shares during the last quarter. Versant Capital Management Inc increased its stake in Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after acquiring an additional 3,496 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Playtika during the third quarter worth about $56,000. R Squared Ltd acquired a new stake in Playtika during the fourth quarter worth about $57,000. Finally, KBC Group NV increased its stake in Playtika by 19.3% during the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after acquiring an additional 1,266 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Down 10.3 %

Shares of NASDAQ PLTK opened at $4.01 on Friday. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.16. The business has a 50 day moving average price of $6.39 and a two-hundred day moving average price of $7.27. The firm has a market cap of $1.51 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Playtika Announces Dividend

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

Analysts Set New Price Targets

PLTK has been the subject of a number of recent research reports. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 target price (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Citigroup lowered their target price on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Wednesday, February 26th. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Macquarie lowered their target price on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Playtika currently has an average rating of “Hold” and an average price target of $8.32.

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.