Lyrical Asset Management LP Decreases Stake in Nintendo Co. (OTCMKTS:NTDOY)

Key Points

• Lyrical Asset Management LP reduced its stake in Nintendo Co. by 10.7%, selling 26,248 shares, and now holds 219,520 shares valued at approximately $3.77 million.
• Several institutional investors have increased their stakes in Nintendo, with First Horizon Advisors raising its stake by 192.5% and PNC Financial Services Group by 16.4% during the first quarter.
• Nintendo's stock has a market cap of $125.09 billion and reached a 52-week high of $24.52, while the company's recent quarterly earnings met the consensus estimate at $0.09 EPS.

Lyrical Asset Management LP decreased its holdings in Nintendo Co. (OTCMKTS:NTDOY - Free Report) by 10.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,520 shares of the company's stock after selling 26,248 shares during the period. Lyrical Asset Management LP's holdings in Nintendo were worth $3,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Nintendo by 2,029.9% in the first quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock worth $4,735,000 after acquiring an additional 262,837 shares during the period. Appleton Partners Inc. MA grew its holdings in shares of Nintendo by 1.5% in the first quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock worth $2,245,000 after acquiring an additional 1,969 shares during the period. Sterling Capital Management LLC bought a new stake in shares of Nintendo in the fourth quarter worth $605,000. PNC Financial Services Group Inc. grew its holdings in shares of Nintendo by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after acquiring an additional 749 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Nintendo by 192.5% in the first quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock worth $31,000 after acquiring an additional 1,201 shares during the period. Institutional investors own 0.02% of the company's stock.

Nintendo Stock Performance

Shares of Nintendo stock traded up $0.28 during trading hours on Friday, hitting $24.43. The company's stock had a trading volume of 1,558,869 shares, compared to its average volume of 1,743,357. The business has a 50 day moving average price of $22.27 and a two-hundred day moving average price of $19.94. Nintendo Co. has a 12-month low of $12.00 and a 12-month high of $24.52. The company has a market cap of $126.91 billion, a PE ratio of 58.17 and a beta of 0.64.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Nintendo had a return on equity of 9.77% and a net margin of 19.61%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $448.24 billion. As a group, research analysts anticipate that Nintendo Co. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

NTDOY has been the subject of several recent research reports. Citigroup initiated coverage on Nintendo in a report on Friday, May 2nd. They set a "buy" rating for the company. Wedbush upgraded Nintendo to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Benchmark upgraded Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

About Nintendo

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.