New Century Investment Management Inc Lowers stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : New Century Investment Management Inc reduced its stake in Activision Blizzard by 12.85% during the most recent quarter end. The investment management company now holds a total of 175,510 shares of Activision Blizzard which is valued at $7,273,134 after selling 25,889 shares in Activision Blizzard , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Activision Blizzard makes up approximately 3.74% of New Century Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 239 shares of ATVI which is valued $9,904.Regentatlantic Capital reduced its stake in ATVI by selling 530 shares or 5.7% in the most recent quarter. The Hedge Fund company now holds 8,767 shares of ATVI which is valued at $362,778. Activision Blizzard makes up approx 0.03% of Regentatlantic Capital’s portfolio.Nisa Investment Advisors boosted its stake in ATVI in the latest quarter, The investment management firm added 857 additional shares and now holds a total of 18,407 shares of Activision Blizzard which is valued at $775,671. Activision Blizzard makes up approx 0.01% of Nisa Investment Advisors’s portfolio.Dnb Asset Management As boosted its stake in ATVI in the latest quarter, The investment management firm added 13,300 additional shares and now holds a total of 635,953 shares of Activision Blizzard which is valued at $26,258,499. Activision Blizzard makes up approx 0.54% of Dnb Asset Management As’s portfolio.

Activision Blizzard closed down -0.14 points or -0.34% at $41.38 with 59,73,714 shares getting traded on Wednesday. Post opening the session at $41.68, the shares hit an intraday low of $41.22 and an intraday high of $41.705 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 Barclays on Jun 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .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 .

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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