Alyeska Investment Group L.P. Invests $8.32 Million in GameStop Corp. (NYSE:GME)

Alyeska Investment Group L.P. bought a new position in shares of GameStop Corp. (NYSE:GME - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 265,376 shares of the company's stock, valued at approximately $8,317,000. Alyeska Investment Group L.P. owned 0.06% of GameStop at the end of the most recent quarter.

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

Insider Buying and Selling at GameStop

In other news, Director Lawrence Cheng bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average price of $21.54 per share, with a total value of $107,700.00. Following the acquisition, the director now owns 83,000 shares of the company's stock, valued at approximately $1,787,820. The trade was a 6.41 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Cohen purchased 500,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of $21.55 per share, with a total value of $10,775,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,347,842 shares in the company, valued at approximately $804,845,995.10. This trade represents a 1.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 515,000 shares of company stock valued at $11,140,200 over the last three months. 12.28% of the stock is currently owned by insiders.

GameStop Stock Up 2.8 %

GME stock traded up $0.75 during mid-day trading on Friday, reaching $27.53. 7,749,796 shares of the company traded hands, compared to its average volume of 20,088,261. The firm's 50 day moving average price is $24.98 and its 200 day moving average price is $26.56. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 152.95 and a beta of -0.76. GameStop Corp. has a fifty-two week low of $16.88 and a fifty-two week high of $64.83.

GameStop (NYSE:GME - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share 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 for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The company's quarterly revenue was down 28.5% on a year-over-year basis. On average, analysts anticipate that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

GME has been the topic of several recent research reports. StockNews.com raised GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush set a $11.50 price objective on shares of GameStop in a research note on Wednesday, March 26th.

GameStop Company 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.