AMP Capital Investors Ltd reduced its stake in Changyou.Com Ltd (NASDAQ:CYOU) by 53.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,800 shares of the technology company’s stock after selling 26,900 shares during the period. AMP Capital Investors Ltd’s holdings in Changyou.Com were worth $943,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. PSquared Asset Management AG boosted its holdings in Changyou.Com by 92.2% in the third quarter. PSquared Asset Management AG now owns 1,344,191 shares of the technology company’s stock worth $53,243,000 after acquiring an additional 644,958 shares in the last quarter. Parametrica Management Ltd boosted its holdings in Changyou.Com by 1,579.6% in the third quarter. Parametrica Management Ltd now owns 245,224 shares of the technology company’s stock worth $9,713,000 after acquiring an additional 230,624 shares in the last quarter. Yiheng Capital LLC bought a new stake in Changyou.Com in the second quarter worth $7,491,000. Farallon Capital Management LLC bought a new position in shares of Changyou.Com during the second quarter valued at $6,233,000. Finally, FIL Ltd lifted its holdings in shares of Changyou.Com by 40.2% during the second quarter. FIL Ltd now owns 498,543 shares of the technology company’s stock valued at $19,324,000 after purchasing an additional 142,973 shares in the last quarter. 29.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Changyou.Com Ltd (CYOU) traded down $0.12 during trading on Friday, reaching $36.43. The company had a trading volume of 251,458 shares, compared to its average volume of 181,960. The company has a market capitalization of $1,914.34, a price-to-earnings ratio of 16.87 and a beta of 1.11. Changyou.Com Ltd has a 52 week low of $22.52 and a 52 week high of $44.55.
Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings data on Friday, October 27th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($1.17). Changyou.Com had a net margin of 20.42% and a return on equity of 9.50%. The company had revenue of $165.60 million during the quarter, compared to the consensus estimate of $164.94 million. During the same period in the previous year, the business earned $0.85 earnings per share. Changyou.Com’s revenue for the quarter was up 21.9% on a year-over-year basis.
CYOU has been the topic of a number of research analyst reports. Deutsche Bank raised Changyou.Com from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Zacks Investment Research cut Changyou.Com from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 2nd. ValuEngine upgraded Changyou.Com from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Credit Suisse Group initiated coverage on Changyou.Com in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $40.30 price target for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Changyou.Com currently has an average rating of “Hold” and an average target price of $38.06.
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Changyou.com Limited is an online game developer and operator. The Company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Company’s segments include Online Game segment, which consists primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.
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