Nomura Holdings Inc. Makes New Investment in GameStop Corp. (NYSE:GME)

Nomura Holdings Inc. purchased a new stake in shares of GameStop Corp. (NYSE:GME - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,915 shares of the company's stock, valued at approximately $1,690,000.

Several other large investors have also recently added to or reduced their stakes in GME. Fifth Third Wealth Advisors LLC bought a new stake in shares of GameStop during the 4th quarter valued at about $252,000. Joule Financial LLC acquired a new position in GameStop in the fourth quarter valued at approximately $229,000. UMB Bank n.a. grew its holdings in shares of GameStop by 59.9% during 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. Crossmark Global Holdings Inc. raised its position in shares of GameStop by 2.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company's stock worth $575,000 after purchasing an additional 523 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of GameStop by 133.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,482 shares of the company's stock worth $266,000 after purchasing an additional 4,842 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GME shares. StockNews.com raised 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 Price Performance

Shares of NYSE GME traded up $0.63 during midday trading on Tuesday, hitting $28.52. 4,771,999 shares of the company's stock were exchanged, compared to its average volume of 17,155,772. GameStop Corp. has a twelve month low of $17.70 and a twelve month high of $48.00. The firm has a market cap of $12.76 billion, a P/E ratio of 158.45 and a beta of -0.76. The stock's 50 day moving average price is $25.64 and its 200-day moving average price is $26.95.

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

Insider Buying and Selling at GameStop

In other news, Director Lawrence Cheng bought 5,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of $21.54 per share, with a total value of $107,700.00. Following the completion of the acquisition, the director now directly owns 83,000 shares in the company, valued at approximately $1,787,820. The trade was a 6.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alain Attal purchased 10,000 shares of the company's stock in a transaction on Thursday, April 10th. The stock was acquired at an average price of $25.75 per share, for a total transaction of $257,500.00. Following the completion of the transaction, the director now owns 572,464 shares of the company's stock, valued at $14,740,948. This represents a 1.78% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 515,000 shares of company stock valued at $11,140,200. Company insiders own 12.28% of the company's stock.

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.