Oz Management Lp adds Activision Blizzard (ATVI) to its portfolio

Activision Blizzard (ATVI) : Oz Management Lp added new position in Activision Blizzard during the most recent quarter end. The investment management firm now holds 4,810,730 shares of Activision Blizzard which is valued at $197,913,432 , the company said in a statement filed on Aug 15, 2016 with the SEC.Activision Blizzard makes up approximately 1.64% of Oz Management Lp’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in ATVI in the latest quarter, The investment management firm added 3,221,779 additional shares and now holds a total of 6,343,373 shares of Activision Blizzard which is valued at $260,966,365. Activision Blizzard makes up approx 0.05% of Price T Rowe Associates Inc Md’s portfolio.Rosenblum Silverman Sutton S F Inc Ca reduced its stake in ATVI by selling 6,180 shares or 3.64% in the most recent quarter. The Hedge Fund company now holds 163,800 shares of ATVI which is valued at $6,738,732. Activision Blizzard makes up approx 2.99% of Rosenblum Silverman Sutton S F Inc Ca’s portfolio.San Francisco Sentry Investment Group (ca) boosted its stake in ATVI in the latest quarter, The investment management firm added 1,385 additional shares and now holds a total of 18,675 shares of Activision Blizzard which is valued at $758,392. Activision Blizzard makes up approx 0.45% of San Francisco Sentry Investment Group (ca)’s portfolio. Alpha Cubed Investments sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 6,077 shares of ATVI which is valued $246,483.Gsa Capital Partners Llp reduced its stake in ATVI by selling 8,030 shares or 39.89% in the most recent quarter. The Hedge Fund company now holds 12,101 shares of ATVI which is valued at $490,817. Activision Blizzard makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio.

Activision Blizzard closed down -0.13 points or -0.30% at $43.38 with 9,687,107 shares getting traded on Wednesday. Post opening the session at $43.74, the shares hit an intraday low of $43.23 and an intraday high of $44.23 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 $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $1609.00 million for the quarter, compared to analysts expectations of $1447.97 million. The company’s revenue was up 112.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by Mizuho on Sep 6, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .Company shares were Reiterated by Stifel on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .Company shares were Reiterated by Mizuho on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .

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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