Lyrical Asset Management LP Sells 3,461 Shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY)

Lyrical Asset Management LP cut its stake in shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 245,768 shares of the company’s stock after selling 3,461 shares during the quarter. Lyrical Asset Management LP’s holdings in Nintendo were worth $3,596,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Nintendo by 53.4% during the fourth quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after acquiring an additional 4,509 shares during the last quarter. Diversified Trust Co acquired a new stake in Nintendo in the fourth quarter worth about $182,000. Fulton Bank N.A. bought a new stake in Nintendo during the 4th quarter worth about $200,000. Kornitzer Capital Management Inc. KS raised its stake in shares of Nintendo by 49.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock worth $2,215,000 after buying an additional 50,000 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Nintendo in the fourth quarter valued at approximately $192,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Nintendo in a report on Tuesday, March 25th. They issued a “buy” rating for the company.

Nintendo Stock Performance

OTCMKTS NTDOY opened at $15.89 on Friday. Nintendo Co., Ltd. has a 52-week low of $11.36 and a 52-week high of $19.47. The business has a 50 day simple moving average of $17.75 and a 200 day simple moving average of $15.31. The stock has a market cap of $82.54 billion, a price-to-earnings ratio of 35.31 and a beta of 0.63.

Nintendo (OTCMKTS:NTDOY) last released its earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. On average, analysts predict that Nintendo Co., Ltd. will post 0.44 EPS for the current year.

Nintendo Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.