Numeric Investors LLC Cuts Position in Changyou.com Limited (CYOU)
Numeric Investors LLC decreased its holdings in Changyou.com Limited (NASDAQ:CYOU) by 57.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 223,980 shares of the technology company’s stock after selling 297,057 shares during the period. Numeric Investors LLC’s holdings in Changyou.com Limited were worth $8,681,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. raised its position in Changyou.com Limited by 1.2% in the first quarter. Sei Investments Co. now owns 5,320 shares of the technology company’s stock valued at $149,000 after purchasing an additional 61 shares during the period. Shell Asset Management Co. lifted its stake in shares of Changyou.com Limited by 5.0% during the second quarter. Shell Asset Management Co. now owns 6,882 shares of the technology company’s stock worth $267,000 after purchasing an additional 330 shares in the last quarter. Renaissance Group LLC lifted its stake in shares of Changyou.com Limited by 5.5% during the second quarter. Renaissance Group LLC now owns 15,002 shares of the technology company’s stock worth $581,000 after purchasing an additional 778 shares in the last quarter. UBS Group AG lifted its stake in shares of Changyou.com Limited by 39.5% during the first quarter. UBS Group AG now owns 4,258 shares of the technology company’s stock worth $119,000 after purchasing an additional 1,205 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Changyou.com Limited by 6.0% during the first quarter. California Public Employees Retirement System now owns 35,200 shares of the technology company’s stock worth $987,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 26.54% of the company’s stock.
Changyou.com Limited (NASDAQ CYOU) opened at 39.61 on Monday. Changyou.com Limited has a 52-week low of $21.13 and a 52-week high of $44.55.
Changyou.com Limited (NASDAQ:CYOU) last posted its earnings results on Monday, July 31st. The technology company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.44. The firm had revenue of $150.40 million during the quarter, compared to analyst estimates of $158.05 million. Changyou.com Limited had a return on equity of 13.57% and a net margin of 30.03%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. On average, equities research analysts anticipate that Changyou.com Limited will post $3.91 earnings per share for the current year.
CYOU has been the subject of several analyst reports. BidaskClub downgraded Changyou.com Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Deutsche Bank AG downgraded Changyou.com Limited from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Tuesday, August 1st. ValuEngine upgraded Changyou.com Limited from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Changyou.com Limited from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, August 2nd. Finally, TheStreet raised Changyou.com Limited from a “c+” rating to a “b” rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Changyou.com Limited has a consensus rating of “Hold” and a consensus target price of $37.50.
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Changyou.com Limited 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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