34,618 Shares in GameStop Corp. (NYSE:GME) Acquired by FORA Capital LLC

FORA Capital LLC acquired a new stake in shares of GameStop Corp. (NYSE:GME - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,618 shares of the company's stock, valued at approximately $794,000.

Several other large investors have also recently modified their holdings of GME. AlphaMark Advisors LLC boosted its holdings in shares of GameStop by 41.7% during the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock worth $33,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC grew its position in shares of GameStop by 32.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock worth $51,000 after buying an additional 511 shares during the last quarter. CWM LLC increased its stake in shares of GameStop by 19.9% during the third quarter. CWM LLC now owns 3,189 shares of the company's stock valued at $73,000 after buying an additional 529 shares during the period. UMB Bank n.a. raised its holdings in shares of GameStop by 535.8% during the third quarter. UMB Bank n.a. now owns 1,138 shares of the company's stock valued at $26,000 after acquiring an additional 959 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of GameStop by 6.5% during the third quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company's stock valued at $408,000 after acquiring an additional 1,085 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.

GameStop Price Performance

GME stock traded down $1.87 during midday trading on Friday, hitting $29.02. The stock had a trading volume of 10,473,673 shares, compared to its average volume of 19,221,057. The business has a 50-day moving average of $23.77 and a two-hundred day moving average of $24.05. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 223.25 and a beta of -0.13. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83.

GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $798.30 million during the quarter, compared to analyst estimates of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. GameStop's quarterly revenue was down 31.4% compared to the same quarter last year. During the same period last year, the business earned ($0.03) EPS. Research analysts predict that GameStop Corp. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GME. Wedbush reduced their price objective on shares of GameStop from $11.00 to $10.00 and set an "underperform" rating on the stock in a research report on Wednesday, September 11th. StockNews.com raised shares of GameStop to a "sell" rating in a research note on Saturday, October 19th.

Insider Transactions at GameStop

In other news, General Counsel Mark Haymond Robinson sold 11,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $20.82, for a total transaction of $229,020.00. Following the sale, the general counsel now owns 43,927 shares in the company, valued at $914,560.14. This represents a 20.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel William Moore sold 1,972 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $43,305.12. Following the completion of the transaction, the insider now owns 37,280 shares of the company's stock, valued at approximately $818,668.80. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $481,000 in the last ninety days. 12.28% of the stock is currently owned by corporate insiders.

About GameStop

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.