Cubist Systematic Strategies LLC purchased a new stake in Changyou.Com Ltd (NASDAQ:CYOU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,043 shares of the technology company’s stock, valued at approximately $260,000.
Several other large investors have also added to or reduced their stakes in CYOU. Renaissance Technologies LLC raised its holdings in shares of Changyou.Com by 24.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,218,715 shares of the technology company’s stock valued at $11,712,000 after buying an additional 242,700 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Changyou.Com by 86.0% during the 2nd quarter. Mackenzie Financial Corp now owns 209,900 shares of the technology company’s stock valued at $2,017,000 after buying an additional 97,069 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Changyou.Com during the 2nd quarter valued at about $817,000. Morgan Stanley raised its holdings in shares of Changyou.Com by 55.7% during the 2nd quarter. Morgan Stanley now owns 196,722 shares of the technology company’s stock valued at $1,891,000 after buying an additional 70,343 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Changyou.Com by 9.8% during the 2nd quarter. Acadian Asset Management LLC now owns 721,644 shares of the technology company’s stock valued at $6,932,000 after buying an additional 64,409 shares in the last quarter. 26.24% of the stock is currently owned by hedge funds and other institutional investors.
CYOU traded up $0.01 on Monday, hitting $9.51. 4,202 shares of the company were exchanged, compared to its average volume of 245,990. The firm has a fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $11.67. Changyou.Com Ltd has a 12 month low of $5.43 and a 12 month high of $22.27. The stock has a market capitalization of $506.41 million, a PE ratio of 6.04 and a beta of 0.92.
Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.11). Changyou.Com had a return on equity of 16.25% and a net margin of 24.82%. The company had revenue of $118.71 million for the quarter, compared to the consensus estimate of $111.92 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. Changyou.Com’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Changyou.Com Ltd will post 1.98 earnings per share for the current year.
A number of equities analysts recently weighed in on CYOU shares. Jefferies Financial Group started coverage on Changyou.Com in a report on Monday, August 5th. They set an “underperform” rating and a $6.90 price objective on the stock. ValuEngine raised Changyou.Com from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub raised Changyou.Com from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, Zacks Investment Research cut Changyou.Com from a “buy” rating to a “hold” rating in a report on Monday, October 7th.
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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