Changyou.com Limited (CYOU) Scheduled to Post Quarterly Earnings on Monday

Changyou.com Limited (CYOU) Scheduled to Post Quarterly Earnings on Monday

Changyou.com Limited (NASDAQ:CYOU) is set to issue its quarterly earnings data before the market opens on Monday, January 30th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.

Changyou.com Limited (NASDAQ:CYOU) traded down 0.12% during midday trading on Friday, hitting $24.52. The stock had a trading volume of 34,885 shares. Changyou.com Limited has a one year low of $15.21 and a one year high of $30.28. The firm has a market cap of $1.28 billion, a PE ratio of 9.13 and a beta of 1.19. The stock has a 50-day moving average price of $23.10 and a 200 day moving average price of $24.33.

Hedge funds and other institutional investors have recently modified their holdings of the company. D. E. Shaw & Co. Inc. raised its position in shares of Changyou.com Limited by 29.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 218,301 shares of the company’s stock valued at $5,948,000 after buying an additional 50,171 shares during the last quarter. Morgan Stanley raised its position in shares of Changyou.com Limited by 1,621.1% in the third quarter. Morgan Stanley now owns 121,392 shares of the company’s stock valued at $3,308,000 after buying an additional 114,339 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Changyou.com Limited by 11.9% in the third quarter. Two Sigma Advisers LP now owns 50,599 shares of the company’s stock valued at $1,379,000 after buying an additional 5,400 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Changyou.com Limited by 12.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 44,212 shares of the company’s stock valued at $1,205,000 after buying an additional 5,039 shares during the last quarter. Finally, State Street Corp purchased a new position in shares of Changyou.com Limited during the second quarter valued at approximately $697,000. Institutional investors own 15.82% of the company’s stock.

Several brokerages recently commented on CYOU. Zacks Investment Research upgraded Changyou.com Limited from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. TheStreet downgraded Changyou.com Limited from a “buy” rating to a “hold” rating in a report on Monday, October 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $23.14.

About Changyou.com Limited

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 of PC games, mobile games and Web games, and the Platform Channel segment, which consists primarily of online advertising services on the 17173.com Website, and a relatively small amount of Internet value-added services (IVAS).

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