New Century Investment Management Inc buys $6,942,224 stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : New Century Investment Management Inc scooped up 96 additional shares in Activision Blizzard during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 201,399 shares of Activision Blizzard which is valued at $6,942,224.Activision Blizzard makes up approximately 3.35% of New Century Investment Management Inc’s portfolio.

Activision Blizzard opened for trading at $34.7 and hit $34.75 on the upside on Monday, eventually ending the session at $34.58, with a gain of 0.32% or 0.11 points. The heightened volatility saw the trading volume jump to 75,86,322 shares. Company has a market cap of $25,416 M.

Other Hedge Funds, Including , Wealthtrust-arizona added ATVI to its portfolio by purchasing 1,655 company shares during the most recent quarter which is valued at $57,048. Activision Blizzard makes up approx 0.04% of Wealthtrust-arizona’s portfolio.Next Financial Group Inc reduced its stake in ATVI by selling 600 shares or 10.31% in the most recent quarter. The Hedge Fund company now holds 5,221 shares of ATVI which is valued at $180,908. Activision Blizzard makes up approx 0.06% of Next Financial Group Inc’s portfolio.New York State Teachers Retirement System boosted its stake in ATVI in the latest quarter, The investment management firm added 23,747 additional shares and now holds a total of 877,738 shares of Activision Blizzard which is valued at $30,413,622. Activision Blizzard makes up approx 0.08% of New York State Teachers Retirement System’s portfolio.

On the company’s financial health, Activision Blizzard reported $0.83 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.86. The company had revenue of $2118.00 million for the quarter, compared to analysts expectations of $2195.63 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by MKM Partners on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .Company shares were Reiterated by Stifel on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .Activision Blizzard was Initiated by BofA/Merrill to “Neutral” on Mar 1, 2016.

Activision Blizzard Inc. is a developer and publisher of online personal computer (PC) video game console handheld mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360) Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii) and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres including first-person action action/adventure role-playing simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Company’s operating segments include Activision Publishing Inc. and its subsidiaries Blizzard Entertainment Inc. and its subsidiaries and Activision Blizzard Distribution.

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