ETF Managers Group LLC bought a new stake in shares of Changyou.com Limited (NASDAQ:CYOU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,759 shares of the technology company’s stock, valued at approximately $1,115,000.

A number of other large investors have also made changes to their positions in CYOU. First Trust Advisors LP increased its position in Changyou.com Limited by 37.3% during the 1st quarter. First Trust Advisors LP now owns 56,294 shares of the technology company’s stock valued at $1,578,000 after buying an additional 15,301 shares in the last quarter. Karp Capital Management Corp acquired a new position in Changyou.com Limited during the 1st quarter valued at about $370,000. Sei Investments Co. increased its position in Changyou.com Limited by 1.2% during the 1st quarter. Sei Investments Co. now owns 5,320 shares of the technology company’s stock valued at $149,000 after buying an additional 61 shares in the last quarter. ClariVest Asset Management LLC increased its position in Changyou.com Limited by 199.5% during the 1st quarter. ClariVest Asset Management LLC now owns 17,795 shares of the technology company’s stock valued at $499,000 after buying an additional 11,854 shares in the last quarter. Finally, FMR LLC increased its position in Changyou.com Limited by 46.1% during the 1st quarter. FMR LLC now owns 22,200 shares of the technology company’s stock valued at $622,000 after buying an additional 7,000 shares in the last quarter. 26.54% of the stock is currently owned by institutional investors.

CYOU has been the topic of several recent analyst reports. ValuEngine raised Changyou.com Limited from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Deutsche Bank AG lowered Changyou.com Limited from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research report on Tuesday, August 1st. BidaskClub raised Changyou.com Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Mizuho lowered Changyou.com Limited from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $42.00 to $30.00 in a research report on Wednesday, June 21st. Finally, Zacks Investment Research raised Changyou.com Limited from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $38.06.

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Shares of Changyou.com Limited (NASDAQ CYOU) traded up 0.75% on Friday, hitting $40.53. The stock had a trading volume of 12,000 shares. Changyou.com Limited has a 12-month low of $21.13 and a 12-month high of $44.55.

Changyou.com Limited (NASDAQ:CYOU) last posted its earnings results on Monday, July 31st. The technology company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.44. Changyou.com Limited had a return on equity of 13.57% and a net margin of 30.03%. The business had revenue of $150.40 million during the quarter, compared to the consensus estimate of $158.05 million. During the same period in the previous year, the business earned $0.68 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts anticipate that Changyou.com Limited will post $3.90 EPS for the current fiscal year.

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 primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.

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Institutional Ownership by Quarter for Changyou.com Limited (NASDAQ:CYOU)

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