Renaissance Technologies LLC boosted its stake in shares of Changyou.Com Ltd (NASDAQ:CYOU) by 33.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 878,500 shares of the technology company’s stock after buying an additional 220,900 shares during the period. Renaissance Technologies LLC owned approximately 1.68% of Changyou.Com worth $32,004,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in Changyou.Com by 164.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,543 shares of the technology company’s stock valued at $101,000 after buying an additional 1,581 shares during the period. Caxton Associates LP purchased a new stake in Changyou.Com during the 3rd quarter valued at $202,000. Campbell & CO Investment Adviser LLC purchased a new stake in Changyou.Com during the 3rd quarter valued at $228,000. JPMorgan Chase & Co. purchased a new stake in Changyou.Com during the 3rd quarter valued at $263,000. Finally, Allianz Asset Management GmbH purchased a new stake in Changyou.Com during the 4th quarter valued at $315,000. Institutional investors own 33.09% of the company’s stock.
Shares of Changyou.Com Ltd (CYOU) opened at $27.71 on Tuesday. Changyou.Com Ltd has a 52 week low of $25.83 and a 52 week high of $44.55. The firm has a market capitalization of $1,443.48, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.85.
Changyou.Com (NASDAQ:CYOU) last released its earnings results on Monday, January 29th. The technology company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.17). Changyou.Com had a return on equity of 8.64% and a net margin of 18.76%. The business had revenue of $144.50 million during the quarter, compared to analysts’ expectations of $149.95 million. During the same quarter in the previous year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts expect that Changyou.Com Ltd will post 3.03 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. BidaskClub upgraded Changyou.Com from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. ValuEngine upgraded Changyou.Com from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $40.83.
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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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