O Shaughnessy Asset Management LLC Grows Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

O Shaughnessy Asset Management LLC boosted its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 10.7% during the fourth quarter, HoldingsChannel reports. The fund owned 302,102 shares of the company’s stock after buying an additional 29,211 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Playtika were worth $2,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after purchasing an additional 2,910 shares during the period. Versant Capital Management Inc boosted its stake in Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after buying an additional 3,496 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Playtika during the third quarter valued at about $56,000. R Squared Ltd purchased a new stake in shares of Playtika in the 4th quarter valued at approximately $57,000. Finally, Kera Capital Partners Inc. acquired a new position in shares of Playtika in the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Down 3.0 %

Shares of Playtika stock opened at $4.84 on Friday. Playtika Holding Corp. has a 52-week low of $3.97 and a 52-week high of $9.16. The company has a market capitalization of $1.82 billion, a P/E ratio of 8.34, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a 50 day moving average of $5.99 and a 200 day moving average of $7.11.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.26%. Playtika’s payout ratio is currently 90.91%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PLTK shares. Robert W. Baird reissued a “neutral” rating and issued a $6.00 target price (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Baird R W downgraded Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Macquarie lowered their target price on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Bank of America upgraded shares of Playtika from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Finally, Wedbush reissued an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.09.

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.