ETF Managers Group LLC lessened its holdings in Changyou.Com Ltd (NASDAQ:CYOU) by 13.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 71,897 shares of the technology company’s stock after selling 11,238 shares during the period. ETF Managers Group LLC’s holdings in Changyou.Com were worth $1,229,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Segantii Capital Management Ltd purchased a new stake in Changyou.Com in the 1st quarter worth $62,000. Citigroup Inc. purchased a new stake in Changyou.Com in the 4th quarter worth $121,000. Wells Fargo & Company MN increased its stake in Changyou.Com by 265.1% in the 3rd quarter. Wells Fargo & Company MN now owns 12,998 shares of the technology company’s stock worth $172,000 after buying an additional 9,438 shares in the last quarter. Granite Point Capital Management L.P. purchased a new stake in Changyou.Com in the 4th quarter worth $184,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Changyou.Com in the 1st quarter worth $262,000. Institutional investors and hedge funds own 27.53% of the company’s stock.
A number of equities research analysts have issued reports on CYOU shares. ValuEngine lowered Changyou.Com from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Zacks Investment Research lowered Changyou.Com from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, BidaskClub lowered Changyou.Com from a “buy” rating to a “hold” rating in a research note on Sunday, March 3rd.
Changyou.Com (NASDAQ:CYOU) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.40 by $0.29. Changyou.Com had a net margin of 28.48% and a return on equity of 16.03%. The business had revenue of $123.31 million during the quarter, compared to the consensus estimate of $114.15 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue was down 10.1% on a year-over-year basis. On average, sell-side analysts forecast that Changyou.Com Ltd will post 1.97 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $9.40 per share. The ex-dividend date is Monday, June 3rd.
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Changyou.Com Company Profile
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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