ETF Managers Group LLC Has $1.98 Million Stake in Changyou (CYOU)

ETF Managers Group LLC grew its position in Changyou (NASDAQ:CYOU) by 65.4% during the first quarter, Holdings Channel reports. The firm owned 71,226 shares of the technology company’s stock after buying an additional 28,152 shares during the period. ETF Managers Group LLC’s holdings in Changyou were worth $1,977,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH bought a new stake in shares of Changyou in the 4th quarter valued at $315,000. Goldman Sachs Group Inc. boosted its stake in shares of Changyou by 113.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,289 shares of the technology company’s stock valued at $448,000 after purchasing an additional 106,131 shares during the last quarter. HBK Investments L P boosted its stake in shares of Changyou by 78.8% in the 4th quarter. HBK Investments L P now owns 15,994 shares of the technology company’s stock valued at $583,000 after purchasing an additional 7,049 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Changyou by 29.2% in the 1st quarter. Sei Investments Co. now owns 21,700 shares of the technology company’s stock valued at $605,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Changyou by 153.9% in the 4th quarter. Global X Management Co. LLC now owns 22,164 shares of the technology company’s stock valued at $807,000 after purchasing an additional 13,435 shares during the last quarter. 30.55% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on CYOU shares. BidaskClub lowered shares of Changyou from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 14th. Zacks Investment Research lowered shares of Changyou from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 30th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $40.30 price objective on shares of Changyou in a research note on Thursday, April 26th. ValuEngine lowered shares of Changyou from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Morgan Stanley assumed coverage on shares of Changyou in a research note on Wednesday, March 28th. They issued a “sell” rating and a $28.00 price objective on the stock. Six equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The company currently has an average rating of “Sell” and an average price target of $35.86.

Shares of NASDAQ CYOU opened at $17.67 on Thursday. The firm has a market cap of $905.70 million, a P/E ratio of 8.66, a P/E/G ratio of 1.18 and a beta of 0.85. Changyou has a 12-month low of $17.07 and a 12-month high of $44.55.

Changyou (NASDAQ:CYOU) last issued its earnings results on Wednesday, April 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business had revenue of $137.20 million for the quarter, compared to analyst estimates of $129.09 million. Changyou had a net margin of 11.01% and a return on equity of 5.07%. Changyou’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. analysts predict that Changyou will post 0.94 EPS for the current year.

Changyou 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 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 (NASDAQ:CYOU)

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