Changyou.Com Ltd (NASDAQ:CYOU) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 280,800 shares, a growth of 8.0% from the December 15th total of 259,900 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 278,700 shares, the days-to-cover ratio is currently 1.0 days.
Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of Changyou.Com by 46.6% in the third quarter. Russell Investments Group Ltd. now owns 50,552 shares of the technology company’s stock worth $480,000 after acquiring an additional 16,063 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Changyou.Com by 9.2% during the 2nd quarter. Vanguard Group Inc. now owns 598,188 shares of the technology company’s stock valued at $5,748,000 after purchasing an additional 50,275 shares during the last quarter. Morgan Stanley increased its holdings in Changyou.Com by 55.7% in the 2nd quarter. Morgan Stanley now owns 196,722 shares of the technology company’s stock worth $1,891,000 after acquiring an additional 70,343 shares during the last quarter. State Street Corp grew its holdings in Changyou.Com by 3.6% during the 3rd quarter. State Street Corp now owns 153,716 shares of the technology company’s stock valued at $1,460,000 after buying an additional 5,401 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Changyou.Com during the 2nd quarter valued at about $312,000. 23.46% of the stock is owned by institutional investors.
CYOU has been the topic of several recent research reports. ValuEngine upgraded shares of Changyou.Com from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. BidaskClub upgraded shares of Changyou.Com from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered shares of Changyou.Com from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Morgan Stanley upgraded shares of Changyou.Com from an “underweight” rating to an “equal weight” rating and set a $10.00 target price on the stock in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.30.
Shares of NASDAQ CYOU traded up $0.01 during trading hours on Friday, hitting $10.47. 6,214 shares of the stock were exchanged, compared to its average volume of 261,473. Changyou.Com has a one year low of $5.43 and a one year high of $22.27. The company’s 50 day moving average is $9.83 and its 200 day moving average is $8.83. The firm has a market capitalization of $554.87 million, a P/E ratio of 6.67, a P/E/G ratio of 0.12 and a beta of 0.95.
Changyou.Com (NASDAQ:CYOU) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.47 by $0.17. Changyou.Com had a net margin of 20.16% and a return on equity of 15.83%. The company had revenue of $110.84 million during the quarter, compared to analysts’ expectations of $91.05 million. During the same quarter in the previous year, the company earned $1.01 EPS. Changyou.Com’s revenue was up 8.5% on a year-over-year basis. On average, analysts anticipate that Changyou.Com will post 2.24 EPS for the current year.
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.
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