GameStop Corp. (NYSE:GME) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 311,864 shares of the company's stock after buying an additional 30,200 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of GameStop worth $6,961,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock worth $31,000 after acquiring an additional 684 shares during the period. Bessemer Group Inc. lifted its holdings in shares of GameStop by 67.2% during the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock worth $54,000 after purchasing an additional 691 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in GameStop by 32.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock valued at $67,000 after buying an additional 520 shares during the last quarter. UMB Bank n.a. increased its holdings in GameStop by 100.6% in the 1st quarter. UMB Bank n.a. now owns 3,651 shares of the company's stock worth $81,000 after buying an additional 1,831 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in GameStop in the 4th quarter worth approximately $99,000. 29.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wedbush upgraded shares of GameStop to a "strong sell" rating in a research note on Tuesday, July 1st. Wall Street Zen raised GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th.

GameStop Trading Down 1.3%

Shares of NYSE:GME opened at $23.64 on Friday. The business's 50 day moving average price is $27.11 and its 200-day moving average price is $26.80. GameStop Corp. has a 1 year low of $18.73 and a 1 year high of $35.81. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 51.38 and a beta of -0.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.39 and a quick ratio of 7.89.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $732.40 million for the quarter, compared to the consensus estimate of $754.23 million. GameStop had a net margin of 5.67% and a return on equity of 5.25%. The company's revenue was down 16.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share. On average, equities research analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at GameStop

In other GameStop news, Director Alain Attal acquired 10,000 shares of the stock in a transaction dated Thursday, April 10th. The stock was acquired at an average price of $25.75 per share, with a total value of $257,500.00. Following the completion of the purchase, the director owned 572,464 shares in the company, valued at $14,740,948. This trade represents a 1.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Mark Haymond Robinson sold 1,269 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $23.95, for a total transaction of $30,392.55. Following the completion of the transaction, the general counsel directly owned 127,836 shares of the company's stock, valued at $3,061,672.20. This represents a 0.98% decrease in their position. The disclosure for this sale can be found here. Corporate 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.

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