Changyou.Com (NASDAQ:CYOU) Downgraded by BidaskClub

BidaskClub downgraded shares of Changyou.Com (NASDAQ:CYOU) from a hold rating to a sell rating in a research note published on Friday, BidAskClub reports.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Hallmark Financial Services from a buy rating to a hold rating in a report on Thursday. ValuEngine downgraded shares of Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd.

NASDAQ CYOU opened at $8.87 on Friday. Changyou.Com has a 52-week low of $8.71 and a 52-week high of $22.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $472.33 million, a P/E ratio of 3.53 and a beta of 0.76. The stock’s fifty day moving average is $10.30.

Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings data on Monday, April 29th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.29. Changyou.Com had a net margin of 28.48% and a return on equity of 16.03%. The company had revenue of $123.31 million during the quarter, compared to the consensus estimate of $114.15 million. During the same period in the previous year, the firm posted $0.55 EPS. The firm’s revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts predict that Changyou.Com will post 1.97 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CYOU. California Public Employees Retirement System increased its position in shares of Changyou.Com by 93.2% in the first quarter. California Public Employees Retirement System now owns 97,407 shares of the technology company’s stock valued at $1,666,000 after acquiring an additional 46,997 shares during the period. New York State Common Retirement Fund increased its position in shares of Changyou.Com by 245.3% in the fourth quarter. New York State Common Retirement Fund now owns 130,779 shares of the technology company’s stock valued at $2,391,000 after acquiring an additional 92,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Changyou.Com by 3.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,132 shares of the technology company’s stock valued at $1,268,000 after acquiring an additional 2,300 shares during the period. Norges Bank purchased a new position in shares of Changyou.Com in the fourth quarter valued at about $9,756,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Changyou.Com by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 192,900 shares of the technology company’s stock valued at $3,527,000 after acquiring an additional 23,779 shares during the period. 26.55% of the stock is owned by institutional investors and hedge funds.

About Changyou.Com

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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