Louisiana State Employees Retirement System acquired a new position in shares of GameStop Corp. (NYSE:GME – Free Report) in the 1st quarter, Holdings Channel reports. The fund acquired 119,500 shares of the company’s stock, valued at approximately $2,753,000.
Other large investors have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of GameStop by 312.2% in the 1st quarter. AQR Capital Management LLC now owns 29,438 shares of the company’s stock valued at $623,000 after purchasing an additional 22,297 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of GameStop by 33.2% during the first quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company’s stock worth $5,851,000 after purchasing an additional 65,325 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of GameStop by 9.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company’s stock worth $25,255,000 after acquiring an additional 94,892 shares during the period. American Century Companies Inc. boosted its holdings in GameStop by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 35,473 shares of the company’s stock valued at $865,000 after purchasing an additional 2,162 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after buying an additional 886 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.
Insider Buying and Selling at GameStop
In other news, General Counsel Mark Haymond Robinson sold 7,209 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total value of $165,374.46. Following the completion of the sale, the general counsel owned 97,946 shares of the company’s stock, valued at approximately $2,246,881.24. The trade was a 6.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel William Moore sold 7,210 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $22.94, for a total transaction of $165,397.40. Following the transaction, the insider directly owned 101,014 shares in the company, valued at $2,317,261.16. The trade was a 6.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,331 shares of company stock valued at $421,491. 9.50% of the stock is owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Analysis on GME
GameStop Stock Performance
GameStop stock opened at $21.77 on Monday. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 16.50 and a beta of 1.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 12.40 and a quick ratio of 11.91. GameStop Corp. has a 12 month low of $19.93 and a 12 month high of $28.10. The stock’s 50-day moving average is $22.72 and its 200-day moving average is $22.84.
GameStop (NYSE:GME – Get Free Report) last issued its earnings results on Tuesday, June 2nd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $835.30 million during the quarter, compared to the consensus estimate of $766.63 million. GameStop had a return on equity of 13.75% and a net margin of 20.45%.The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share.
GameStop Company Profile
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.
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