Monument Capital Management Grows Stock Holdings in Playtika Holding Corp. $PLTK

Monument Capital Management increased its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 102.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,484 shares of the company’s stock after buying an additional 20,463 shares during the quarter. Monument Capital Management’s holdings in Playtika were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PLTK. Acadian Asset Management LLC grew its holdings in shares of Playtika by 366.2% during the first quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company’s stock worth $7,989,000 after buying an additional 1,215,843 shares during the last quarter. Jane Street Group LLC grew 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Playtika by 143.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company’s stock worth $3,719,000 after buying an additional 423,738 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Playtika by 6.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,113,062 shares of the company’s stock valued at $16,095,000 after purchasing an additional 186,208 shares during the period. Finally, New Vernon Capital Holdings II LLC acquired a new stake in Playtika in the first quarter valued at about $849,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Trading Down 4.1%

PLTK stock opened at $3.40 on Friday. The firm has a 50 day moving average of $3.73 and a 200-day moving average of $4.47. Playtika Holding Corp. has a 12-month low of $3.37 and a 12-month high of $8.80. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.19 and a beta of 0.86.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) 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 company had revenue of $696.00 million for the quarter, compared to analyst estimates of $706.03 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. Playtika’s revenue was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend was Friday, September 26th. Playtika’s dividend payout ratio (DPR) is 166.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PLTK. Weiss Ratings restated a “sell (d+)” rating on shares of Playtika in a research report on Wednesday. UBS Group reduced their price objective on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Wedbush reduced their price objective on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of 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, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Playtika presently has an average rating of “Hold” and a consensus target price 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.