Laurion Capital Management LP raised its position in shares of Gamestop Corporation (NYSE:GME) by 28.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,200 shares of the company’s stock after purchasing an additional 20,514 shares during the period. Laurion Capital Management LP owned approximately 0.09% of Gamestop Corporation worth $2,014,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cubic Asset Management LLC raised its position in Gamestop Corporation by 0.3% during the second quarter. Cubic Asset Management LLC now owns 39,465 shares of the company’s stock valued at $853,000 after purchasing an additional 125 shares in the last quarter. Fairbanks Capital Management Inc. acquired a new position in Gamestop Corporation during the second quarter valued at approximately $3,494,000. Raymond James Financial Services Advisors Inc. raised its position in Gamestop Corporation by 1.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,270 shares of the company’s stock valued at $322,000 after purchasing an additional 230 shares in the last quarter. State Treasurer State of Michigan raised its position in Gamestop Corporation by 0.7% during the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock valued at $901,000 after purchasing an additional 300 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Gamestop Corporation by 0.7% during the second quarter. Arizona State Retirement System now owns 42,700 shares of the company’s stock valued at $923,000 after purchasing an additional 300 shares in the last quarter.
Shares of Gamestop Corporation (GME) opened at 20.10 on Thursday. The company has a market cap of $2.04 billion, a PE ratio of 6.05 and a beta of 1.19. Gamestop Corporation has a 52 week low of $18.47 and a 52 week high of $28.58. The company has a 50 day moving average of $20.49 and a 200 day moving average of $22.00.
Gamestop Corporation (NYSE:GME) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. On average, analysts expect that Gamestop Corporation will post $3.30 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.56%. The ex-dividend date is Thursday, September 7th. Gamestop Corporation’s dividend payout ratio (DPR) is currently 45.65%.
Several brokerages have commented on GME. Vetr upgraded shares of Gamestop Corporation from a “buy” rating to a “strong-buy” rating and set a $33.36 price objective for the company in a research report on Friday, September 15th. ValuEngine downgraded shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird restated an “outperform” rating and set a $24.00 price objective on shares of Gamestop Corporation in a research report on Tuesday, August 29th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Gamestop Corporation in a research report on Friday, August 25th. Finally, Loop Capital restated a “buy” rating and set a $28.00 price objective on shares of Gamestop Corporation in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.53.
About Gamestop Corporation
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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