California Public Employees Retirement System increased its holdings in shares of Changyou.Com Ltd (NASDAQ:CYOU) by 93.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 97,407 shares of the technology company’s stock after purchasing an additional 46,997 shares during the quarter. California Public Employees Retirement System’s holdings in Changyou.Com were worth $1,666,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Renaissance Group LLC grew its holdings in shares of Changyou.Com by 28.5% during the first quarter. Renaissance Group LLC now owns 40,293 shares of the technology company’s stock valued at $689,000 after buying an additional 8,925 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Changyou.Com during the first quarter valued at $269,000. Segantii Capital Management Ltd purchased a new position in shares of Changyou.Com during the first quarter valued at $62,000. Geode Capital Management LLC grew its holdings in shares of Changyou.Com by 103.8% during the fourth quarter. Geode Capital Management LLC now owns 102,227 shares of the technology company’s stock valued at $1,868,000 after buying an additional 52,063 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Changyou.Com during the fourth quarter valued at $9,756,000. Institutional investors and hedge funds own 26.44% of the company’s stock.
A number of research analysts have recently weighed in on the company. ValuEngine upgraded Changyou.Com from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. BidaskClub upgraded Changyou.Com from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Finally, Zacks Investment Research upgraded Changyou.Com from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Friday, May 3rd.
Shares of CYOU stock opened at $10.61 on Friday. Changyou.Com Ltd has a 1-year low of $8.86 and a 1-year high of $22.27. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The firm has a market cap of $574.04 million, a PE ratio of 4.29 and a beta of 0.77.
Changyou.Com (NASDAQ:CYOU) last issued its quarterly earnings results on Monday, April 29th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.29. The business had revenue of $123.31 million for the quarter, compared to the consensus estimate of $114.15 million. Changyou.Com had a return on equity of 16.03% and a net margin of 28.48%. Changyou.Com’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, equities research analysts anticipate that Changyou.Com Ltd will post 1.97 EPS for the current year.
The company also recently disclosed a special dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a dividend of $9.40 per share. The ex-dividend date of this dividend was Monday, June 3rd.
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Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Cinema Advertising segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.
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