Changyou.Com Ltd (CYOU) Stake Lowered by Athos Capital Ltd

Athos Capital Ltd trimmed its holdings in shares of Changyou.Com Ltd (NASDAQ:CYOU) by 28.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,105 shares of the technology company’s stock after selling 59,665 shares during the period. Changyou.Com comprises approximately 1.0% of Athos Capital Ltd’s investment portfolio, making the stock its 18th largest holding. Athos Capital Ltd owned 0.28% of Changyou.Com worth $1,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its stake in Changyou.Com by 327.2% in the 3rd quarter. US Bancorp DE now owns 8,357 shares of the technology company’s stock valued at $110,000 after acquiring an additional 6,401 shares during the period. Wells Fargo & Company MN raised 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 valued at $172,000 after acquiring an additional 9,438 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in Changyou.Com in the 2nd quarter valued at about $249,000. Strs Ohio raised its stake in Changyou.Com by 13.7% in the 3rd quarter. Strs Ohio now owns 81,841 shares of the technology company’s stock valued at $1,080,000 after acquiring an additional 9,841 shares during the period. Finally, Bank of Montreal Can raised its stake in Changyou.Com by 13.4% in the 2nd quarter. Bank of Montreal Can now owns 64,760 shares of the technology company’s stock valued at $1,080,000 after acquiring an additional 7,656 shares during the period. Institutional investors own 25.86% of the company’s stock.

CYOU stock opened at $18.15 on Monday. The stock has a market cap of $956.83 million, a price-to-earnings ratio of 8.90 and a beta of 0.57. Changyou.Com Ltd has a twelve month low of $12.68 and a twelve month high of $38.00.

Changyou.Com (NASDAQ:CYOU) last posted its earnings results on Monday, November 5th. The technology company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.59. The business had revenue of $117.96 million during the quarter, compared to analyst estimates of $108.70 million. Changyou.Com had a return on equity of 10.11% and a net margin of 21.15%. The company’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. As a group, equities research analysts expect that Changyou.Com Ltd will post 1.5 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the company. BidaskClub upgraded Changyou.Com from a “buy” rating to a “strong-buy” rating in a research note on Thursday. ValuEngine raised Changyou.Com from a “sell” rating to a “hold” rating in a report on Thursday, November 15th. Zacks Investment Research raised Changyou.Com from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, Credit Suisse Group raised Changyou.Com from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. Changyou.Com presently has an average rating of “Hold” and an average target price of $28.83.

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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 Others 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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Institutional Ownership by Quarter for Changyou.Com (NASDAQ:CYOU)

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