Schroder Investment Management Group Sells 5,600 Shares of Changyou.Com Ltd (NASDAQ:CYOU)

Schroder Investment Management Group reduced its position in Changyou.Com Ltd (NASDAQ:CYOU) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,146 shares of the technology company’s stock after selling 5,600 shares during the quarter. Schroder Investment Management Group’s holdings in Changyou.Com were worth $3,000,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AJO LP lifted its position in Changyou.Com by 1,345.8% during the first quarter. AJO LP now owns 595,821 shares of the technology company’s stock valued at $10,189,000 after purchasing an additional 554,611 shares during the last quarter. Acadian Asset Management LLC lifted its position in Changyou.Com by 26.4% during the first quarter. Acadian Asset Management LLC now owns 657,235 shares of the technology company’s stock valued at $11,235,000 after purchasing an additional 137,215 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Changyou.Com during the second quarter valued at approximately $817,000. New York State Common Retirement Fund lifted its position in Changyou.Com by 48.5% during the first quarter. New York State Common Retirement Fund now owns 194,179 shares of the technology company’s stock valued at $3,320,000 after purchasing an additional 63,400 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Changyou.Com by 93.2% during 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 purchasing an additional 46,997 shares during the last quarter. Institutional investors own 25.44% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Changyou.Com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. ValuEngine lowered shares of Changyou.Com from a “sell” rating to a “strong sell” rating in a research report on Monday, June 3rd. Jefferies Financial Group assumed coverage on shares of Changyou.Com in a research report on Monday, August 5th. They set an “underperform” rating and a $6.90 target price for the company. Finally, BidaskClub lowered shares of Changyou.Com from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 27th.

CYOU stock opened at $5.92 on Friday. The company has a market capitalization of $313.64 million, a PE ratio of 2.67 and a beta of 0.83. Changyou.Com Ltd has a one year low of $5.43 and a one year high of $22.27. The company’s 50 day moving average price is $6.76 and its two-hundred day moving average price is $13.42.

Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.11). The business had revenue of $118.71 million for the quarter, compared to analysts’ expectations of $111.92 million. Changyou.Com had a return on equity of 16.25% and a net margin of 24.82%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. As a group, equities analysts forecast that Changyou.Com Ltd will post 1.82 EPS for the current fiscal year.

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.

Featured Article: Why investors pay attention to retained earnings

Want to see what other hedge funds are holding CYOU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Changyou.Com Ltd (NASDAQ:CYOU).

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

Receive News & Ratings for Changyou.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Changyou.Com and related companies with MarketBeat.com's FREE daily email newsletter.