Changyou.Com (NASDAQ:CYOU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, 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 several other reports. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd.

Shares of CYOU traded down $0.06 during trading hours on Thursday, hitting $8.87. The company had a trading volume of 106,728 shares, compared to its average volume of 225,287. The stock has a market capitalization of $489.37 million, a price-to-earnings ratio of 5.65 and a beta of 0.76. The stock has a fifty day moving average price of $10.49. Changyou.Com has a 12 month low of $8.71 and a 12 month high of $22.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 1.76.

Changyou.Com (NASDAQ:CYOU) last issued its quarterly earnings data 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. The company had revenue of $123.31 million for the quarter, compared to analyst estimates of $114.15 million. Changyou.Com had a net margin of 28.48% and a return on equity of 16.03%. The company’s revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, sell-side analysts forecast that Changyou.Com will post 1.97 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC increased its position in Changyou.Com by 26.4% during the first quarter. Acadian Asset Management LLC now owns 657,235 shares of the technology company’s stock worth $11,235,000 after acquiring an additional 137,215 shares during the period. AJO LP increased its position in 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 acquiring an additional 554,611 shares during the period. Norges Bank bought a new position in Changyou.Com during the fourth quarter worth about $9,756,000. Maso Capital Partners Ltd increased its position in 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 acquiring an additional 15,900 shares during the period. Finally, Krane Funds Advisors LLC increased its position in 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 acquiring an additional 9,810 shares during the period. 26.44% of the stock is currently owned by institutional investors.

Changyou.Com Company Profile

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.

See Also: Net Margin

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