Nintendo (OTCMKTS:NTDOY) Lifted to “Hold” at Wolfe Research

Wolfe Research upgraded shares of Nintendo (OTCMKTS:NTDOY) to a hold rating in a report issued on Sunday, Zacks.com reports.

Nintendo Price Performance

OTCMKTS:NTDOY opened at $13.20 on Friday. The firm has a market capitalization of $68.57 billion, a P/E ratio of 18.36 and a beta of 0.43. The company’s fifty day moving average price is $13.43 and its 200-day moving average price is $13.30. Nintendo has a 1-year low of $10.03 and a 1-year high of $15.01.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.71 billion. Nintendo had a return on equity of 15.34% and a net margin of 26.75%. Equities analysts anticipate that Nintendo will post 0.47 EPS for the current fiscal year.

Institutional Trading of Nintendo

A number of hedge funds have recently added to or reduced their stakes in NTDOY. Appleton Partners Inc. MA acquired a new position in shares of Nintendo during the 1st quarter worth approximately $1,640,000. Confluence Investment Management LLC purchased a new position in Nintendo during the first quarter valued at $747,000. Lyrical Asset Management LP grew its position in shares of Nintendo by 7.0% in the fourth quarter. Lyrical Asset Management LP now owns 221,197 shares of the company’s stock valued at $2,873,000 after purchasing an additional 14,377 shares during the period. ORG Partners LLC purchased a new stake in shares of Nintendo during the first quarter worth about $110,000. Finally, GAMMA Investing LLC raised its position in shares of Nintendo by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 8,421 shares of the company’s stock worth $114,000 after purchasing an additional 1,928 shares during the last quarter. 0.02% of the stock is owned by hedge funds and other institutional investors.

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.