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Appleton Partners cuts Nintendo stake as company misses earnings, stock hits 52-week high.
Appleton Partners Inc. reduced its stake in Nintendo by 3.3%, selling 4,450 shares.
Despite several hedge funds increasing their stakes, Nintendo's stock missed earnings expectations, reporting $0.18 EPS, $0.01 below forecasts.
The company's stock hit a 52-week high at $17.45, with a market cap of $91.17 billion and a P/E ratio of 37.34.
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Appleton Partners reduce la participación de Nintendo mientras que la compañía pierde ganancias, las acciones alcanzan 52 semanas de alto.