Janus Henderson Group PLC Purchases 9,100 Shares of GameStop Corp. (NYSE:GME)

Janus Henderson Group PLC raised its position in GameStop Corp. (NYSE:GME - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,005 shares of the company's stock after purchasing 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of GME. Charles Schwab Investment Management Inc. grew its holdings in shares of GameStop by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock worth $113,146,000 after buying an additional 107,354 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of GameStop during the 4th quarter worth approximately $878,000. Bank of New York Mellon Corp grew its stake in shares of GameStop by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock worth $80,401,000 after acquiring an additional 60,673 shares in the last quarter. Swiss National Bank raised its holdings in shares of GameStop by 5.5% in the fourth quarter. Swiss National Bank now owns 834,228 shares of the company's stock valued at $26,145,000 after purchasing an additional 43,700 shares during the last quarter. Finally, Slate Path Capital LP bought a new stake in shares of GameStop in the fourth quarter worth $60,361,000. Institutional investors and hedge funds own 29.21% of the company's stock.

Insider Activity

In related news, CEO Ryan Cohen acquired 500,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of $21.55 per share, for a total transaction of $10,775,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,347,842 shares in the company, valued at approximately $804,845,995.10. This trade represents a 1.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 4,687 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction 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 ninety days, insiders have bought 515,000 shares of company stock valued at $11,140,200. 12.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of 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 research note on Wednesday, March 26th.

GameStop Price Performance

GME stock traded up $0.63 during mid-day trading on Tuesday, reaching $28.52. The company had a trading volume of 4,771,999 shares, compared to its average volume of 17,155,772. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 158.45 and a beta of -0.76. GameStop Corp. has a 52 week low of $17.70 and a 52 week high of $48.00. The stock has a 50 day simple moving average of $25.64 and a two-hundred day simple moving average of $26.95.

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

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.