Activision Blizzard, Inc (NASDAQ:ATVI).
Gateway Investment Advisers LLC raised its stake in Activision Blizzard, Inc stock by 1,933 shares in its quarterly SEC filing. Its stake was valued at $31,942,000 an increase of 15.9% as of quarter end.
Gateway Investment Advisers LLC isn’t the only one who has changed their investment in ATVI. As of quarter end Clinton Group Inc had sold a total of 94,268 shares trimming its position 74.0%. The value of the investment in ATVI went from $4,602,000 to $1,654,000 a change of $2,948,000 for the reporting period. Waverton Investment Management Ltd bolstered its holdings by buying 5,255 shares an increase of 1.5% in the quarter. Waverton Investment Management Ltd controls 365,299 shares with a value of $21,030,000. The value of the position overall is up by 17.1%.
Bank Of Montreal /can/ downsized its investment by selling 906 shares a decrease of 3.5% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ now holds 24,823 shares valued at $1,429,000. The total value of its holdings increased 11.4%.
On October 14, 2016 Mizuho added ATVI to its research portfolio giving it an initial rating of “Outperform”. Equity analyst Morgan Stanley starting coverage on the stock by announcing an initial rating of “Overweight” and setting a price target of $56.00.
On July 28 the company was set at “Neutral” by MKM Partners a cut from the previous “” rating. On April 27 analysts at BMO Capital began coverage setting a rating of “Market Perform”.
On March 30, 2016 the stock rating was rated “Long-term Buy” in a report from Hilliard Lyons down from the previous “Buy” rating. On March 17 Barclays kept the stock rating at “Overweight” but raised the price target from $32.00 to $35.00.
The company is up by 2.76 percent from yesterday’s close. The company recently announced a dividend for shareholders that was paid on Wednesday the 10th of May 2017. The dividend payment was $0.075 per share for the quarter or $0.30 annualized. The dividend yield was $0.52. The ex-dividend date was set for Tuesday the 28th of March 2017.
Shares are trading at $59.58 which is a tad above $58.42, the stock’s 50 day moving average and which is just over the 200 day moving average of $48.26. The 50 day moving average was up $1.21 and the 200 day average moved up $11.38.
The P/E ratio is currently 43.75 and the market cap is 44.94B. As of the last earnings report the EPS was $1.36 and is expected to be $2.00 for the current year with 753,662,000 shares outstanding. Next quarter’s EPS is expected be $0.48 with next year’s EPS anticipated to be $2.45.
Investors are more bullish on Activision Blizzard, Inc of late at least if you consider the motion in short interest. The stock recorded a fall in short interest between June 15, 2017 and May 31, 2017 of -26.57%. Short interest decreased from 11,952,228 to 8,776,094 over that timeframe. With short interest at 8,776,094 and short average daily volume at 8,086,036, days to cover is 1.1 and the percentage of shorted shares was 0.01% on May 31.