SG Americas Securities LLC Has $64,000 Holdings in Playtika Holding Corp. $PLTK

SG Americas Securities LLC reduced its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 95.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,338 shares of the company’s stock after selling 319,937 shares during the period. SG Americas Securities LLC’s holdings in Playtika were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in Playtika by 65.7% in the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock worth $29,630,000 after purchasing an additional 2,511,228 shares during the period. Jane Street Group LLC increased its holdings in shares of Playtika by 536.3% during the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after buying an additional 1,141,685 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Playtika by 19.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company’s stock valued at $17,541,000 after purchasing an additional 595,494 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Playtika in the third quarter valued at about $1,716,000. Finally, Acadian Asset Management LLC raised its stake in shares of Playtika by 27.4% in the second quarter. Acadian Asset Management LLC now owns 1,971,608 shares of the company’s stock worth $9,311,000 after acquiring an additional 423,779 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Performance

PLTK opened at $3.62 on Friday. The company has a market capitalization of $1.36 billion, a P/E ratio of 15.08, a P/E/G ratio of 2.09 and a beta of 0.84. Playtika Holding Corp. has a fifty-two week low of $3.31 and a fifty-two week high of $7.55. The stock has a fifty day moving average of $3.92 and a 200-day moving average of $3.89.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $669.60 million. Playtika had a negative return on equity of 114.44% and a net margin of 3.16%.Playtika’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $0.11 earnings per share. On average, equities research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Friday, December 26th. Playtika’s payout ratio is 166.67%.

Wall Street Analysts Forecast Growth

PLTK has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and set a $7.00 price objective on shares of Playtika in a report on Friday, October 31st. Wall Street Zen cut Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Loop Capital set a $3.75 price target on shares of Playtika in a report on Monday, November 3rd. Finally, Weiss Ratings raised shares of Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.00.

Playtika Company Profile

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.