California Public Employees Retirement System lifted its stake in shares of Changyou.Com Ltd (NASDAQ:CYOU) by 25.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,906 shares of the technology company’s stock after purchasing an additional 6,806 shares during the period. California Public Employees Retirement System owned approximately 0.06% of Changyou.Com worth $1,343,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Changyou.Com during the third quarter valued at $263,000. Citigroup Inc. grew its stake in Changyou.Com by 233.6% in the second quarter. Citigroup Inc. now owns 8,770 shares of the technology company’s stock valued at $340,000 after purchasing an additional 6,141 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in Changyou.Com in the third quarter valued at about $289,000. Maso Capital Partners Ltd grew its stake in Changyou.Com by 23.5% in the third quarter. Maso Capital Partners Ltd now owns 171,100 shares of the technology company’s stock valued at $6,777,000 after purchasing an additional 32,600 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in Changyou.Com in the third quarter valued at about $459,000. 27.70% of the stock is currently owned by institutional investors.
CYOU has been the subject of several recent analyst reports. Deutsche Bank upgraded Changyou.Com from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. ValuEngine downgraded Changyou.Com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, BidaskClub upgraded Changyou.Com from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.06.
Shares of Changyou.Com Ltd (NASDAQ:CYOU) traded up $0.65 on Wednesday, hitting $27.87. The stock had a trading volume of 548,400 shares, compared to its average volume of 272,040. Changyou.Com Ltd has a fifty-two week low of $24.49 and a fifty-two week high of $44.55. The firm has a market cap of $1,425.68, a PE ratio of 13.73, a PEG ratio of 0.58 and a beta of 0.80.
Changyou.Com (NASDAQ:CYOU) last released its quarterly earnings results on Monday, January 29th. The technology company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.17). Changyou.Com had a net margin of 18.76% and a return on equity of 8.64%. The business had revenue of $144.50 million for the quarter, compared to analyst estimates of $149.95 million. During the same period in the prior year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. equities analysts expect that Changyou.Com Ltd will post 3.03 EPS for the current year.
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Changyou.Com Company Profile
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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