Petrus Trust Company LTA Makes New $363,000 Investment in Playtika Holding Corp. $PLTK

Petrus Trust Company LTA purchased a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) during the 1st quarter, Holdings Channel.com reports. The fund purchased 70,163 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its position in shares of Playtika by 117.1% during the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock valued at $26,000 after acquiring an additional 2,695 shares during the period. Quarry LP acquired a new stake in shares of Playtika during the 1st quarter valued at about $29,000. US Bancorp DE grew its position in shares of Playtika by 280.9% during the 1st quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after acquiring an additional 4,946 shares during the period. Brooklyn Investment Group grew its position in shares of Playtika by 15,890.5% during the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock valued at $35,000 after acquiring an additional 6,674 shares during the period. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Playtika during the 1st quarter valued at about $52,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Performance

PLTK stock opened at $3.72 on Monday. Playtika Holding Corp. has a 12-month low of $3.52 and a 12-month high of $8.80. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.25 and a beta of 0.84. The business’s 50-day moving average is $4.25 and its 200 day moving average is $4.73.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The firm had revenue of $696.00 million during the quarter, compared to analyst estimates of $706.03 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Friday, September 26th. Playtika’s dividend payout ratio (DPR) is 166.67%.

Wall Street Analysts Forecast Growth

PLTK has been the topic of a number of analyst reports. Wedbush dropped their target price on Playtika from $11.50 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Wall Street Zen upgraded Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.04.

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.