GameStop Corp. (NYSE:GME) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lifted its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 325,614 shares of the company's stock after purchasing an additional 29,691 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.07% of GameStop worth $10,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in GameStop by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock worth $113,146,000 after purchasing an additional 107,354 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of GameStop in the 4th quarter valued at $878,000. Retirement Systems of Alabama lifted its stake in GameStop by 41.7% during the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company's stock worth $10,804,000 after acquiring an additional 138,597 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in GameStop by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock valued at $80,401,000 after acquiring an additional 60,673 shares during the period. Finally, Swiss National Bank grew its position in GameStop by 5.5% in the 4th quarter. Swiss National Bank now owns 834,228 shares of the company's stock valued at $26,145,000 after acquiring an additional 43,700 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at GameStop

In other GameStop news, Director Alain Attal bought 10,000 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were acquired at an average cost of $25.75 per share, with a total value of $257,500.00. Following the acquisition, the director now directly owns 572,464 shares of the company's stock, valued at $14,740,948. The trade was a 1.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel William Moore sold 1,608 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction of $36,228.24. Following the sale, the insider now owns 29,777 shares of the company's stock, valued at approximately $670,875.81. This represents a 5.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 515,000 shares of company stock valued at $11,140,200. Insiders own 12.28% of the company's stock.

GameStop Trading Up 1.4 %

NYSE:GME traded up $0.37 during midday trading on Friday, reaching $27.45. The company had a trading volume of 5,817,604 shares, compared to its average volume of 20,631,921. The stock's fifty day simple moving average is $24.67 and its 200-day simple moving average is $26.27. GameStop Corp. has a 12-month low of $10.70 and a 12-month high of $64.83. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 152.51 and a beta of -0.44.

GameStop (NYSE:GME - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.48 billion. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business's quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. As a group, sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GME shares. StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush set a $11.50 target price on shares of GameStop in a report on Wednesday, March 26th.

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.