AGF Management Ltd. Buys 60,182 Shares of GameStop Corp. $GME

Key Points

• AGF Management increased its stake in GameStop by 69.3%, buying an additional 60,182 shares to hold 147,068 shares valued at about $4.01 million as of the latest 13F filing.
• Insider activity is notable: CEO Ryan Cohen bought 500,000 shares (~$10.56 million), insiders net bought 517,000 shares in the last 90 days, and insiders now own about 8.58% of the company while institutions own ~29.21%.
• Market sentiment is driven by M&A speculation (including interest from Michael Burry and reports of a potential buyout) that sparked volatile moves—shares rallied ~8% on buyout talk then pulled back over 5%—while analysts still show a consensus "Reduce" rating with a $13.50 target despite a recent Weiss upgrade to Hold.

AGF Management Ltd. boosted its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 69.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,068 shares of the company's stock after purchasing an additional 60,182 shares during the period. AGF Management Ltd.'s holdings in GameStop were worth $4,012,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GME. Jones Financial Companies Lllp raised its stake in shares of GameStop by 83.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,036 shares of the company's stock worth $80,000 after purchasing an additional 1,379 shares in the last quarter. AlphaQuest LLC increased its holdings in GameStop by 12.2% during the third quarter. AlphaQuest LLC now owns 8,768 shares of the company's stock worth $239,000 after buying an additional 951 shares during the last quarter. Arizona State Retirement System increased its holdings in GameStop by 1.5% during the third quarter. Arizona State Retirement System now owns 125,753 shares of the company's stock worth $3,431,000 after buying an additional 1,800 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in GameStop during the third quarter worth $6,203,000. Finally, TD Waterhouse Canada Inc. lifted its stake in GameStop by 188.3% in the third quarter. TD Waterhouse Canada Inc. now owns 4,899 shares of the company's stock valued at $136,000 after acquiring an additional 3,200 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors.

Key Headlines Impacting GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Michael Burry has taken a sizable position and publicly outlined acquisition targets for GameStop, giving the M&A/turnaround thesis more credibility and drawing investor attention. Michael Burry Betting GameStop (GME) Will Level Up
• Positive Sentiment: Insider buying: Lawrence Cheng (GameStop insider) purchased shares, which investors often view as a signal of management confidence. GameStop insider Lawrence Cheng is buying GME stock. Should you?
• Positive Sentiment: Company-speculation lift: reports of a billion-dollar acquisition/ buyout plan bolstered Monday’s rally (shares jumped ~8%). That program, if executed, could materially change capital allocation and growth prospects. GameStop (GME) Climbs 8.25% on Ambitious Buyout Plan
• Neutral Sentiment: Analysis pieces list potential acquisition targets Michael Burry thinks GameStop should pursue — useful for strategy context but not confirmation of deals. These are the companies that Michael Burry thinks GameStop should try to acquire
• Neutral Sentiment: Speculation around a “mega-deal” involving Ryan Cohen circulates in retail media — noise that can move sentiment absent hard confirmations. What company is Ryan Cohen eyeing for a GameStop megadeal?
• Neutral Sentiment: Mainstream coverage frames GME in the broader “meme”/retail-trading context (e.g., comparisons to silver), underscoring that momentum — not fundamentals — often drives short-term moves. 'GameStop in 2026': How silver market has morphed into meme trading
• Neutral Sentiment: Social-media hype (e.g., posts about a “monumental secret plan”) keeps sentiment fragile — helpful for rallies but unreliable as a catalyst for sustained gains. GameStop CEO's 'Monumental' Secret Plan
• Negative Sentiment: Price pullback: Benzinga reports GME fell over 5% as investors took profits and broader market weakness weighed, reversing some of the recent speculative gains. GameStop Stock Falls Over 5% — What's Going On?
• Negative Sentiment: Macro headwinds: weaker futures and risk-off moves amplified the selloff in small-cap, speculative names like GME earlier in the week. Stock Market Today: S&P 500, Dow Futures Decline — GameStop In Focus

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 12,200 shares of GameStop stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $21.00, for a total transaction of $256,200.00. Following the completion of the sale, the general counsel directly owned 105,155 shares of the company's stock, valued at approximately $2,208,255. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Cohen acquired 500,000 shares of the firm's stock in a transaction on Tuesday, January 20th. The stock was purchased at an average cost of $21.12 per share, for a total transaction of $10,560,000.00. Following the completion of the acquisition, the chief executive officer owned 37,847,842 shares in the company, valued at approximately $799,346,423.04. This represents a 1.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 517,000 shares of company stock valued at $10,925,150 and have sold 23,152 shares valued at $480,059. 8.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of GameStop from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, GameStop has a consensus rating of "Reduce" and a consensus target price of $13.50.

GameStop Price Performance

Shares of GME opened at $24.50 on Wednesday. The firm has a market capitalization of $10.98 billion, a PE ratio of 29.88 and a beta of 2.02. The company's 50-day moving average is $22.07 and its 200-day moving average is $22.86. GameStop Corp. has a fifty-two week low of $19.93 and a fifty-two week high of $35.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 10.39 and a quick ratio of 9.77.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, December 9th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. The business had revenue of $821.00 million during the quarter, compared to the consensus estimate of $987.29 million. GameStop had a net margin of 11.08% and a return on equity of 9.75%. GameStop's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Equities analysts forecast that GameStop Corp. will post 0.08 EPS for the current year.

GameStop Profile

GameStop Corp. NYSE: GME is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop's retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage's in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.

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