100,025 Shares in GameStop Corp. (NYSE:GME) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new position in shares of GameStop Corp. (NYSE:GME - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100,025 shares of the company's stock, valued at approximately $3,135,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GME. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of GameStop by 223.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after acquiring an additional 684 shares during the period. New Wave Wealth Advisors LLC acquired a new position in GameStop in the fourth quarter valued at $37,000. R Squared Ltd purchased a new stake in shares of GameStop in the fourth quarter valued at about $51,000. Bessemer Group Inc. grew its stake in shares of GameStop by 67.2% in the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock valued at $54,000 after purchasing an additional 691 shares during the last quarter. Finally, UMB Bank n.a. raised its position in GameStop by 59.9% during the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock worth $57,000 after buying an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.

GameStop Stock Up 0.1 %

Shares of GME stock traded up $0.04 during mid-day trading on Wednesday, hitting $26.08. 4,360,691 shares of the company's stock were exchanged, compared to its average volume of 20,233,128. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 144.89 and a beta of -0.76. GameStop Corp. has a fifty-two week low of $15.33 and a fifty-two week high of $64.83. The stock has a 50-day simple moving average of $24.92 and a two-hundred day simple moving average of $26.53.

GameStop (NYSE:GME - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.21. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. GameStop's revenue was down 28.5% compared to the same quarter last year. As a group, analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on GME. StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush set a $11.50 target price on shares of GameStop in a report on Wednesday, March 26th.

Insiders Place Their Bets

In related news, CEO Ryan Cohen purchased 500,000 shares of GameStop stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of $21.55 per share, with a total value of $10,775,000.00. Following the transaction, the chief executive officer now owns 37,347,842 shares of the company's stock, valued at approximately $804,845,995.10. The trade was a 1.36 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel William Moore sold 1,608 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total transaction of $36,228.24. Following the completion of the sale, the insider now directly owns 29,777 shares of the company's stock, valued at $670,875.81. This trade represents a 5.12 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 515,000 shares of company stock worth $11,140,200 over the last ninety days. 12.28% of the stock is owned by company insiders.

GameStop Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.