Playtika Holding Corp. $PLTK Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 98.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,015 shares of the company’s stock after purchasing an additional 126,990 shares during the quarter. Wolverine Asset Management LLC owned about 0.07% of Playtika worth $1,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in Playtika by 117.1% in the first quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock valued at $26,000 after purchasing an additional 2,695 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Playtika by 2.7% in the second quarter. SummerHaven Investment Management LLC now owns 106,151 shares of the company’s stock valued at $502,000 after purchasing an additional 2,817 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Playtika by 21.8% in the first quarter. New York State Common Retirement Fund now owns 23,143 shares of the company’s stock valued at $120,000 after purchasing an additional 4,145 shares in the last quarter. US Bancorp DE boosted its holdings in Playtika by 280.9% in the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Impact Partnership Wealth LLC boosted its holdings in Playtika by 15.6% in the second quarter. Impact Partnership Wealth LLC now owns 40,572 shares of the company’s stock valued at $192,000 after purchasing an additional 5,481 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Price Performance

NASDAQ:PLTK opened at $3.67 on Friday. The firm’s fifty day moving average price is $3.65 and its 200 day moving average price is $4.32. Playtika Holding Corp. has a 1-year low of $3.31 and a 1-year high of $8.80. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The firm had revenue of $696.00 million during the quarter, compared to analysts’ expectations of $706.03 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’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, analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date was Friday, September 26th. Playtika’s dividend payout ratio (DPR) is 166.67%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PLTK shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Playtika in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Wedbush restated an “outperform” rating and set a $7.00 target price on shares of Playtika in a research report on Friday. Finally, UBS Group lowered their target price on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.66.

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.