Changyou.Com (NASDAQ:CYOU) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Changyou.Com (NASDAQ:CYOU) from a sell rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Changyou.com Limited is a developer and operator of online games in China. It engages in the development, operation, and licensing of massively multi-player online role-playing games, which are interactive online games that are played simultaneously by various game players. The company currently operates two multi-player online role-playing games (MMORPGs), including the in-house developed Tian Long Ba Bu and the licensed Blade Online. Changyou.com has three MMORPGs in the pipeline, which include the Duke of Mount Deer, Immortal Faith, and the Legend of the Ancient World. Based in Beijing, the People’s Republic of China, Changyou.com Limited is a subsidiary of Sohu.com Inc. “

CYOU has been the topic of a number of other reports. ValuEngine lowered Intersect ENT from a buy rating to a hold rating in a research note on Monday, June 3rd. BidaskClub lowered Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th.

CYOU opened at $9.21 on Tuesday. The firm has a market capitalization of $495.76 million, a PE ratio of 5.87 and a beta of 0.76. Changyou.Com has a 1 year low of $8.86 and a 1 year high of $22.27. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $11.69.

Changyou.Com (NASDAQ:CYOU) last posted its earnings results on Monday, April 29th. The technology company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.29. Changyou.Com had a return on equity of 16.03% and a net margin of 28.48%. The company had revenue of $123.31 million for the quarter, compared to analyst estimates of $114.15 million. During the same period last year, the company earned $0.55 earnings per share. The business’s revenue was down 10.1% compared to the same quarter last year. As a group, research analysts forecast that Changyou.Com will post 1.97 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its holdings in Changyou.Com by 26.4% in the 1st quarter. Acadian Asset Management LLC now owns 657,235 shares of the technology company’s stock valued at $11,235,000 after acquiring an additional 137,215 shares during the period. AJO LP increased its holdings in shares of Changyou.Com by 1,345.8% during the first quarter. AJO LP now owns 595,821 shares of the technology company’s stock worth $10,189,000 after purchasing an additional 554,611 shares during the period. Norges Bank bought a new position in shares of Changyou.Com during the fourth quarter worth approximately $9,756,000. Maso Capital Partners Ltd increased its holdings in shares of Changyou.Com by 3.3% during the first quarter. Maso Capital Partners Ltd now owns 502,300 shares of the technology company’s stock worth $8,589,000 after purchasing an additional 15,900 shares during the period. Finally, Krane Funds Advisors LLC increased its holdings in shares of Changyou.Com by 4.0% during the first quarter. Krane Funds Advisors LLC now owns 253,264 shares of the technology company’s stock worth $4,331,000 after purchasing an additional 9,810 shares during the period. 26.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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