Egerton Capital (uk) Llp Lowers stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : Egerton Capital (uk) Llp reduced its stake in Activision Blizzard by 33.17% during the most recent quarter end. The investment management company now holds a total of 8,373,028 shares of Activision Blizzard which is valued at $320.6 Million after selling 4,156,397 shares in Activision Blizzard , the firm said in a disclosure report filed with the SEC on May 11, 2016.Activision Blizzard makes up approximately 3.04% of Egerton Capital (uk) Llp’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas reduced its stake in ATVI by selling 516,708 shares or 61.25% in the most recent quarter. The Hedge Fund company now holds 326,884 shares of ATVI which is valued at $12.5 Million. Activision Blizzard makes up approx 0.09% of Teacher Retirement System Of Texas’s portfolio. Thompson Siegel Walmsley sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 1,100 shares of ATVI which is valued $42,119.Cibc Asset Management Inc boosted its stake in ATVI in the latest quarter, The investment management firm added 2,092 additional shares and now holds a total of 92,991 shares of Activision Blizzard which is valued at $3.6 Million. Activision Blizzard makes up approx 0.03% of Cibc Asset Management Inc’s portfolio.Proshare Advisors reduced its stake in ATVI by selling 44,544 shares or 14.07% in the most recent quarter. The Hedge Fund company now holds 271,989 shares of ATVI which is valued at $10.3 Million. Activision Blizzard makes up approx 0.14% of Proshare Advisors’s portfolio. Kames Capital Plc added ATVI to its portfolio by purchasing 156,453 company shares during the most recent quarter which is valued at $5.4 Million. Activision Blizzard makes up approx 0.16% of Kames Capital Plc’s portfolio.

Activision Blizzard opened for trading at $38.45 and hit $39.48 on the upside on Monday, eventually ending the session at $39.39, with a gain of 2.87% or 1.1 points. The heightened volatility saw the trading volume jump to 77,85,309 shares. Company has a market cap of $29,079 M.

On the company’s financial health, Activision Blizzard reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.12. The company had revenue of $908.00 million for the quarter, compared to analysts expectations of $813.79 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by Stifel on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Company shares were Reiterated by The Benchmark Company on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 40.45 from a previous price target of $37.63 .Company shares were Reiterated by MKM Partners on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .

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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