Playtika Holding Corp. (NASDAQ:PLTK) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 11.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 76,550 shares of the company’s stock after buying an additional 8,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in Playtika were worth $531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLTK. Choreo LLC increased its stake in shares of Playtika by 14.9% during the fourth quarter. Choreo LLC now owns 12,485 shares of the company’s stock valued at $90,000 after acquiring an additional 1,619 shares during the period. Captrust Financial Advisors boosted its stake in Playtika by 14.3% during the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock valued at $170,000 after purchasing an additional 2,694 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after purchasing an additional 2,910 shares during the period. Monument Capital Management increased its position in shares of Playtika by 34.4% during the 4th quarter. Monument Capital Management now owns 13,523 shares of the company’s stock valued at $94,000 after purchasing an additional 3,459 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Playtika by 148.7% in the 4th 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 in the last quarter. 11.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLTK shares. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Citigroup dropped their target price on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Wedbush restated an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th. Robert W. Baird reaffirmed a “neutral” rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Finally, Macquarie reduced their price objective on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.32.

Playtika Stock Up 10.0 %

PLTK opened at $4.41 on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 7.60, a PEG ratio of 1.69 and a beta of 0.98. The stock has a fifty day moving average of $6.34 and a 200-day moving average of $7.25. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.16.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 9.07%. Playtika’s payout ratio is presently 90.91%.

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.