GAMMA Investing LLC Increases Position in Nintendo Co., Ltd. (OTCMKTS:NTDOY)

GAMMA Investing LLC lifted its holdings in shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY) by 53.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,948 shares of the company’s stock after acquiring an additional 4,509 shares during the quarter. GAMMA Investing LLC’s holdings in Nintendo were worth $189,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. O Brien Greene & Co. Inc raised its position in Nintendo by 2.7% in the second quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock worth $512,000 after acquiring an additional 995 shares during the period. Appleton Partners Inc. MA increased its stake in shares of Nintendo by 0.6% during the 3rd quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock worth $1,775,000 after purchasing an additional 780 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Nintendo during the 3rd quarter worth approximately $99,000. 0.02% of the stock is currently owned by institutional investors.

Nintendo Trading Down 2.3 %

Shares of NTDOY opened at $14.04 on Thursday. Nintendo Co., Ltd. has a 12-month low of $11.36 and a 12-month high of $15.59. The company has a market cap of $72.93 billion, a PE ratio of 29.87 and a beta of 0.45. The stock has a 50-day moving average price of $14.18 and a 200-day moving average price of $13.70.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NTDOY. Wolfe Research raised Nintendo to a “hold” rating in a report on Sunday, September 22nd. TD Cowen initiated coverage on Nintendo in a research report on Monday, October 7th. They set a “buy” rating on the stock.

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.