Lyrical Asset Management LP Sells 3,461 Shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY)

Lyrical Asset Management LP decreased its holdings in Nintendo Co., Ltd. (OTCMKTS:NTDOY) by 1.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 245,768 shares of the company’s stock after selling 3,461 shares during the quarter. Lyrical Asset Management LP’s holdings in Nintendo were worth $3,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NTDOY. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Nintendo in the fourth quarter valued at about $2,633,000. SVB Wealth LLC acquired a new position in Nintendo in the 4th quarter valued at about $192,000. Kornitzer Capital Management Inc. KS raised its holdings in Nintendo by 49.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock valued at $2,215,000 after acquiring an additional 50,000 shares during the period. Fulton Bank N.A. bought a new position in Nintendo in the 4th quarter valued at about $200,000. Finally, Diversified Trust Co acquired a new stake in Nintendo during the fourth quarter worth approximately $182,000. 0.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Nintendo in a research report on Tuesday, March 25th. They issued a “buy” rating on the stock.

Nintendo Price Performance

NTDOY stock opened at $15.89 on Friday. The business’s fifty day moving average price is $17.75 and its two-hundred day moving average price is $15.31. The stock has a market capitalization of $82.54 billion, a price-to-earnings ratio of 35.31 and a beta of 0.63. Nintendo Co., Ltd. has a fifty-two week low of $11.36 and a fifty-two week high of $19.47.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a return on equity of 12.14% and a net margin of 25.83%. Research analysts expect that Nintendo Co., Ltd. will post 0.44 EPS for the current year.

Nintendo Profile

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.