Caas Capital Management LP acquired a new position in GameStop Corp. (NYSE:GME - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 34,674 shares of the company's stock, valued at approximately $774,000.
Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of GameStop by 223.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock worth $31,000 after purchasing an additional 684 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of 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. Nomura Asset Management Co. Ltd. grew its stake in GameStop by 32.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock valued at $67,000 after purchasing an additional 520 shares during the last quarter. UMB Bank n.a. grew its stake in GameStop by 100.6% during the 1st quarter. UMB Bank n.a. now owns 3,651 shares of the company's stock valued at $81,000 after purchasing an additional 1,831 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in GameStop by 69.9% during the 1st quarter. GAMMA Investing LLC now owns 6,056 shares of the company's stock valued at $135,000 after purchasing an additional 2,492 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Wall Street Zen upgraded GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush upgraded GameStop to a "strong sell" rating in a research note on Tuesday, July 1st.
Read Our Latest Stock Analysis on GME
GameStop Stock Down 0.4%
Shares of GME opened at $23.10 on Friday. GameStop Corp. has a 52 week low of $18.73 and a 52 week high of $35.81. The company has a quick ratio of 7.89, a current ratio of 8.39 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 50.21 and a beta of -0.81. The stock's 50-day moving average price is $26.74 and its 200-day moving average price is $26.63.
GameStop (NYSE:GME - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.13. The firm had revenue of $732.40 million for the quarter, compared to the consensus estimate of $754.23 million. GameStop had a return on equity of 5.25% and a net margin of 5.67%. The company's revenue was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) earnings per share. On average, sell-side analysts predict that GameStop Corp. will post 0.08 EPS for the current year.
Insider Transactions at GameStop
In other GameStop news, General Counsel Mark Haymond Robinson sold 1,269 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $23.95, for a total transaction of $30,392.55. Following the transaction, the general counsel owned 127,836 shares in the company, valued at approximately $3,061,672.20. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.28% of the company's stock.
GameStop Profile
(
Free Report)
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.
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