Alain Attal Buys 12,000 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) Director Alain Attal purchased 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was bought at an average price of $20.90 per share, for a total transaction of $250,800.00. Following the transaction, the director directly owned 584,464 shares of the company’s stock, valued at $12,215,297.60. This trade represents a 2.10% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

GameStop Price Performance

GameStop stock traded up $0.01 during trading hours on Tuesday, reaching $21.11. 6,666,008 shares of the stock were exchanged, compared to its average volume of 4,148,951. The company has a current ratio of 10.39, a quick ratio of 9.77 and a debt-to-equity ratio of 0.78. GameStop Corp. has a twelve month low of $19.93 and a twelve month high of $35.81. The company has a market cap of $9.46 billion, a P/E ratio of 25.75 and a beta of -1.23. The stock has a 50 day moving average of $21.46 and a two-hundred day moving average of $22.83.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $987.29 million. During the same quarter last year, the business posted $0.06 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities analysts expect that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered GameStop from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, GameStop presently has an average rating of “Sell” and an average price target of $13.50.

Institutional Trading of GameStop

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. increased its holdings in GameStop by 39.2% in the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company’s stock worth $46,000 after purchasing an additional 471 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of GameStop by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 96,623 shares of the company’s stock valued at $2,357,000 after acquiring an additional 511 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of GameStop by 1.9% during the 2nd quarter. Wealthfront Advisers LLC now owns 30,761 shares of the company’s stock valued at $750,000 after acquiring an additional 576 shares during the period. Public Employees Retirement System of Ohio boosted its stake in GameStop by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company’s stock worth $3,574,000 after acquiring an additional 578 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in GameStop by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 114,500 shares of the company’s stock worth $2,793,000 after acquiring an additional 600 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.