Janus Henderson Group PLC Raises Position in GameStop Corp. (NYSE:GME)

Janus Henderson Group PLC grew its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 192,005 shares of the company's stock after buying an additional 9,100 shares during the quarter. Janus Henderson Group PLC's holdings in GameStop were worth $6,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GME. Vanguard Group Inc. grew its stake in GameStop by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company's stock worth $1,226,775,000 after purchasing an additional 2,036,032 shares in the last quarter. Geode Capital Management LLC grew its stake in GameStop by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company's stock worth $208,769,000 after purchasing an additional 380,554 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in GameStop by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock worth $113,146,000 after purchasing an additional 107,354 shares in the last quarter. Northern Trust Corp grew its stake in GameStop by 26.2% in the fourth quarter. Northern Trust Corp now owns 3,171,303 shares of the company's stock worth $99,389,000 after purchasing an additional 659,345 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in GameStop by 2.4% in the fourth 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 in the last quarter. Institutional investors own 29.21% of the company's stock.

Insider Buying and Selling at GameStop

In other news, insider Daniel William Moore sold 1,608 shares of the stock in a transaction on 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 owns 29,777 shares in the company, valued at approximately $670,875.81. This represents a 5.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 4,687 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $105,598.11. Following the sale, the general counsel now owns 37,663 shares of the company's stock, valued at approximately $848,547.39. This represents a 11.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 515,000 shares of company stock valued at $11,140,200. 12.28% of the stock is currently owned by corporate insiders.

GameStop Price Performance

NYSE GME traded up $2.33 during midday trading on Friday, hitting $33.19. 30,274,875 shares of the company traded hands, compared to its average volume of 16,905,204. The company has a market cap of $14.85 billion, a PE ratio of 184.39 and a beta of -0.76. The company's 50-day simple moving average is $26.22 and its 200-day simple moving average is $27.09. GameStop Corp. has a 52 week low of $17.70 and a 52 week high of $48.00.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wedbush set a $11.50 price objective on GameStop in a research note on Wednesday, March 26th. Wall Street Zen raised GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th.

About GameStop

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.