Catalyst Capital Advisors LLC Purchases New Stake in Activision Blizzard, Inc (ATVI)

Catalyst Capital Advisors LLC purchased a new stake in Activision Blizzard, Inc (NASDAQ:ATVI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,200 shares of the company’s stock, valued at approximately $2,400,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATVI. Cornerstone Advisors Inc. boosted its holdings in Activision Blizzard by 321.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after acquiring an additional 1,180 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Activision Blizzard during the 2nd quarter worth $142,000. Huntington National Bank boosted its holdings in Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after acquiring an additional 1,366 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after acquiring an additional 363 shares during the last quarter. Finally, Phocas Financial Corp. purchased a new position in Activision Blizzard during the 2nd quarter worth $173,000. 84.23% of the stock is owned by institutional investors and hedge funds.

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Shares of Activision Blizzard, Inc (NASDAQ ATVI) traded down $0.17 during midday trading on Tuesday, hitting $63.93. The stock had a trading volume of 3,144,400 shares, compared to its average volume of 6,783,288. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $67.03. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $49,040.00, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.12% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on ATVI shares. Cowen and Company downgraded shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a report on Monday, October 9th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Friday, October 27th. Piper Jaffray Companies reiterated an “overweight” rating and set a $69.00 target price on shares of Activision Blizzard in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on Activision Blizzard in a research note on Friday, September 8th. They set a “neutral” rating and a $65.00 target price on the stock. Finally, Vetr cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 target price on the stock. in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $68.68.

Activision Blizzard Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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