Rail-splitter Capital Management buys $14,505,301 stake in Electronic Arts (EA)

Electronic Arts (EA) : Rail-splitter Capital Management scooped up 24,473 additional shares in Electronic Arts during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 226,858 shares of Electronic Arts which is valued at $14,505,301.Electronic Arts makes up approximately 3.66% of Rail-splitter Capital Management’s portfolio.

Electronic Arts opened for trading at $62.19 and hit $63.99 on the upside on Friday, eventually ending the session at $63.94, with a gain of 2.73% or 1.7 points. The heightened volatility saw the trading volume jump to 33,63,272 shares. Company has a market cap of $19,777 M.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in EA in the latest quarter, The investment management firm added 11,595 additional shares and now holds a total of 482,584 shares of Electronic Arts which is valued at $30,856,421. Electronic Arts makes up approx 0.10% of Rhumbline Advisers’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in EA in the latest quarter, The investment management firm added 106,172 additional shares and now holds a total of 154,942 shares of Electronic Arts which is valued at $9,583,163. Electronic Arts makes up approx 0.24% of Candriam Luxembourg S.c.a.’s portfolio. Wespac Advisors sold out all of its stake in EA during the most recent quarter. The investment firm sold 12,803 shares of EA which is valued $791,866.Weatherly Asset Management L. P. boosted its stake in EA in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 3,683 shares of Electronic Arts which is valued at $242,599. Electronic Arts makes up approx 0.08% of Weatherly Asset Management L. P.’s portfolio.

On the company’s financial health, Electronic Arts reported $1.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.81. The company had revenue of $1803.00 million for the quarter, compared to analysts expectations of $1805.24 million. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Electronic Arts Inc is a game software content and services provider. The Company develops markets publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield Mass Effect Need for Speed Dragon Age The Sims Bejeweled and Plants v. Zombies as well as brands based on licensed intellectual property such as FIFA Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories including the FIFA Madden NFL Need for Speed Battlefield Mass Effect and Dragon Age. The Maxis division creates games and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.

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