Athos Capital Ltd Invests $1.33 Million in Changyou.com Limited (NASDAQ:CYOU)
Athos Capital Ltd acquired a new position in Changyou.com Limited (NASDAQ:CYOU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,406 shares of the technology company’s stock, valued at approximately $1,334,000. Changyou.com Limited comprises approximately 0.8% of Athos Capital Ltd’s holdings, making the stock its 22nd largest position.
Several other institutional investors also recently made changes to their positions in the company. KEYWISE CAPITAL MANAGEMENT Ltd bought a new position in shares of Changyou.com Limited during the first quarter worth approximately $496,000. Airain ltd bought a new position in shares of Changyou.com Limited during the first quarter worth approximately $676,000. Sei Investments Co. increased its position in shares of Changyou.com Limited by 1.2% in the first quarter. Sei Investments Co. now owns 5,320 shares of the technology company’s stock worth $149,000 after buying an additional 61 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Changyou.com Limited during the first quarter worth approximately $370,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Changyou.com Limited during the first quarter worth approximately $4,833,000. 26.07% of the stock is owned by institutional investors and hedge funds.
Changyou.com Limited (NASDAQ CYOU) opened at 42.75 on Thursday. The firm has a market capitalization of $2.25 billion, a P/E ratio of 14.25 and a beta of 1.26. Changyou.com Limited has a one year low of $20.78 and a one year high of $44.55. The company has a 50-day moving average price of $40.27 and a 200-day moving average price of $33.03.
Changyou.com Limited (NASDAQ:CYOU) last issued its quarterly earnings data on Monday, July 31st. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm 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 earned $0.68 EPS. Changyou.com Limited’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities research analysts anticipate that Changyou.com Limited will post $3.96 EPS for the current year.
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A number of brokerages have recently commented on CYOU. BidaskClub raised Changyou.com Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Changyou.com Limited from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, August 2nd. Deutsche Bank AG downgraded Changyou.com Limited from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research report on Tuesday, August 1st. HSBC Holdings plc downgraded Changyou.com Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Mizuho downgraded Changyou.com Limited from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $42.00 to $30.00 in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.50.
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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