Dimensional Fund Advisors LP Raises Stake in GameStop Corp. (NYSE:GME)

Dimensional Fund Advisors LP lifted its position in GameStop Corp. (NYSE:GME - Free Report) by 22.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,329,965 shares of the company's stock after purchasing an additional 245,347 shares during the period. Dimensional Fund Advisors LP owned about 0.30% of GameStop worth $41,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In other news, CEO Ryan Cohen acquired 500,000 shares of GameStop stock in a transaction that occurred on Thursday, April 3rd. The shares were bought 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 directly owns 37,347,842 shares of the company's stock, valued at $804,845,995.10. This trade represents a 1.36 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel William Moore sold 1,608 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was 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 approximately $670,875.81. The trade was a 5.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 515,000 shares of company stock valued at $11,140,200 over the last ninety days. 12.28% of the stock is owned by insiders.

GameStop Price Performance

Shares of NYSE GME traded up $0.04 during midday trading on Wednesday, reaching $26.08. 4,360,691 shares of the stock traded hands, compared to its average volume of 20,249,313. The company's 50 day moving average is $24.92 and its 200 day moving average is $26.53. GameStop Corp. has a one year low of $14.93 and a one year high of $64.83. The stock has a market capitalization of $11.66 billion, a PE ratio of 144.89 and a beta of -0.76.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush set a $11.50 price objective 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.