Renaissance Technologies LLC Trims Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

Renaissance Technologies LLC lowered its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,784,094 shares of the company’s stock after selling 23,051 shares during the period. Renaissance Technologies LLC owned approximately 0.48% of Playtika worth $12,382,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Captrust Financial Advisors raised its position in Playtika by 14.3% during the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock worth $170,000 after buying an additional 2,694 shares during the last quarter. State Street Corp lifted its position in Playtika by 12.9% in the third quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after purchasing an additional 150,878 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Playtika in the 3rd quarter valued at approximately $608,000. Barclays PLC increased its position in Playtika by 4.8% during the 3rd quarter. Barclays PLC now owns 163,138 shares of the company’s stock worth $1,291,000 after purchasing an additional 7,480 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Playtika by 43.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock valued at $271,000 after buying an additional 9,658 shares during the period. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Stock Up 1.0 %

Shares of NASDAQ:PLTK opened at $5.09 on Wednesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.69 and a beta of 0.92. The stock’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $6.92. Playtika Holding Corp. has a 52-week low of $3.97 and a 52-week high of $9.16.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date was Friday, March 21st. Playtika’s dividend payout ratio is presently 90.91%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PLTK. Bank of America upgraded Playtika from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Wednesday, February 26th. Robert W. Baird restated a “neutral” rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Macquarie lowered their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.