Foresters Investment Management Company Inc. Cuts Position in NINTENDO LTD/ADR (OTCMKTS:NTDOY)

Foresters Investment Management Company Inc. lessened its holdings in NINTENDO LTD/ADR (OTCMKTS:NTDOY) by 10.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,500 shares of the company’s stock after selling 16,500 shares during the period. Foresters Investment Management Company Inc.’s holdings in NINTENDO LTD/ADR were worth $6,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTDOY. Intercontinental Wealth Advisors LLC purchased a new stake in NINTENDO LTD/ADR in the first quarter worth about $25,000. Bartlett & Co. LLC purchased a new position in shares of NINTENDO LTD/ADR during the second quarter valued at approximately $67,000. Quadrant Capital Group LLC lifted its holdings in shares of NINTENDO LTD/ADR by 4.4% during the second quarter. Quadrant Capital Group LLC now owns 14,984 shares of the company’s stock valued at $675,000 after purchasing an additional 632 shares during the last quarter. Hartwell J M Limited Partnership lifted its holdings in shares of NINTENDO LTD/ADR by 8.8% during the second quarter. Hartwell J M Limited Partnership now owns 18,500 shares of the company’s stock valued at $847,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in shares of NINTENDO LTD/ADR by 3.7% during the second quarter. Confluence Investment Management LLC now owns 19,221 shares of the company’s stock valued at $880,000 after purchasing an additional 691 shares during the last quarter. 0.13% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on NTDOY. Wedbush raised shares of NINTENDO LTD/ADR from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 10th. Macquarie began coverage on shares of NINTENDO LTD/ADR in a research report on Tuesday, June 11th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded shares of NINTENDO LTD/ADR from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $54.00.

OTCMKTS:NTDOY traded down $0.08 during mid-day trading on Friday, hitting $47.92. 29,451 shares of the stock traded hands, compared to its average volume of 210,277. The stock has a market capitalization of $45.73 billion, a price-to-earnings ratio of 25.49 and a beta of 0.97. NINTENDO LTD/ADR has a 52 week low of $31.38 and a 52 week high of $49.21. The firm’s 50 day moving average is $47.01 and its two-hundred day moving average is $42.70.

NINTENDO LTD/ADR (OTCMKTS:NTDOY) last issued its earnings results on Tuesday, July 30th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.07). NINTENDO LTD/ADR had a return on equity of 13.03% and a net margin of 14.92%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.79 billion. Research analysts predict that NINTENDO LTD/ADR will post 2.52 EPS for the current fiscal year.

About NINTENDO LTD/ADR

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware and related software.

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Institutional Ownership by Quarter for NINTENDO LTD/ADR (OTCMKTS:NTDOY)

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