Yiheng Capital LLC Invests $7.49 Million in Changyou.com Limited (CYOU)
Yiheng Capital LLC acquired a new position in shares of Changyou.com Limited (NASDAQ:CYOU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 193,277 shares of the technology company’s stock, valued at approximately $7,491,000. Changyou.com Limited makes up about 2.6% of Yiheng Capital LLC’s investment portfolio, making the stock its 12th biggest position.
Other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in shares of Changyou.com Limited by 37.3% in the 1st quarter. First Trust Advisors LP now owns 56,294 shares of the technology company’s stock valued at $1,578,000 after buying an additional 15,301 shares during the period. Karp Capital Management Corp bought a new stake in Changyou.com Limited in the 1st quarter valued at about $370,000. Sei Investments Co. increased its position in Changyou.com Limited by 1.2% in the 1st quarter. Sei Investments Co. now owns 5,320 shares of the technology company’s stock valued at $149,000 after buying an additional 61 shares in the last quarter. ClariVest Asset Management LLC increased its position in Changyou.com Limited by 199.5% in the 1st quarter. ClariVest Asset Management LLC now owns 17,795 shares of the technology company’s stock valued at $499,000 after buying an additional 11,854 shares in the last quarter. Finally, FMR LLC increased its position in Changyou.com Limited by 46.1% in the 1st quarter. FMR LLC now owns 22,200 shares of the technology company’s stock valued at $622,000 after buying an additional 7,000 shares in the last quarter. 26.54% of the stock is currently owned by institutional investors.
Changyou.com Limited (CYOU) traded down 0.160% during midday trading on Wednesday, hitting $40.665. 20,815 shares of the company were exchanged. Changyou.com Limited has a 1-year low of $21.13 and a 1-year high of $44.55.
Changyou.com Limited (NASDAQ:CYOU) last announced its quarterly earnings data on Monday, July 31st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.70 by $0.44. Changyou.com Limited had a return on equity of 13.57% and a net margin of 30.03%. The business had revenue of $150.40 million during the quarter, compared to analyst estimates of $158.05 million. During the same quarter last year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, analysts anticipate that Changyou.com Limited will post $3.90 earnings per share for the current fiscal year.
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CYOU has been the topic of a number of research reports. TheStreet raised Changyou.com Limited from a “c+” rating to a “b” rating in a research note on Wednesday, August 16th. BidaskClub cut Changyou.com Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Zacks Investment Research cut Changyou.com Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG cut Changyou.com Limited from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research note on Tuesday, August 1st. Finally, Credit Suisse Group assumed coverage on Changyou.com Limited in a report on Tuesday. They set a “neutral” rating and a $40.30 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $38.06.
About Changyou.com Limited
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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