Monument Capital Management Raises Holdings in Playtika Holding Corp. $PLTK

Monument Capital Management lifted its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 102.2% in the second quarter, HoldingsChannel reports. The firm owned 40,484 shares of the company’s stock after acquiring an additional 20,463 shares during the period. Monument Capital Management’s holdings in Playtika were worth $191,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PLTK. Wealth Enhancement Advisory Services LLC increased its stake in shares of Playtika by 5.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company’s stock worth $392,000 after purchasing an additional 2,886 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Playtika by 2.0% in the 1st quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company’s stock worth $534,000 after acquiring an additional 2,006 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Playtika in the 1st quarter worth approximately $311,000. State of Alaska Department of Revenue grew its stake in Playtika by 55.7% in the 1st quarter. State of Alaska Department of Revenue now owns 354,689 shares of the company’s stock worth $1,833,000 after acquiring an additional 126,857 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in Playtika in the 1st quarter worth approximately $343,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Stock Down 4.1%

Shares of NASDAQ PLTK opened at $3.40 on Friday. Playtika Holding Corp. has a 52-week low of $3.37 and a 52-week high of $8.80. The firm has a fifty day moving average of $3.73 and a 200-day moving average of $4.47. The stock has a market capitalization of $1.28 billion, a PE ratio of 14.15, a P/E/G ratio of 1.19 and a beta of 0.86.

Playtika (NASDAQ:PLTK) last announced 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 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 analysts’ expectations of $706.03 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. Equities research analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 11.8%. Playtika’s payout ratio is presently 166.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on PLTK. Wedbush lowered their target price on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Wall Street Zen raised shares of Playtika from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Playtika in a research note on Wednesday. Finally, UBS Group lowered their target price on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.66.

Playtika 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.