GameStop Corp. (NYSE:GME) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in GameStop Corp. (NYSE:GME - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,514,906 shares of the company's stock after selling 95,358 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.79% of GameStop worth $78,453,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Slate Path Capital LP bought a new stake in GameStop in the 4th quarter valued at about $60,361,000. D. E. Shaw & Co. Inc. raised its position in GameStop by 606.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company's stock valued at $51,735,000 after purchasing an additional 1,417,156 shares in the last quarter. Northern Trust Corp grew its stake in shares of GameStop by 26.2% during the fourth quarter. Northern Trust Corp now owns 3,171,303 shares of the company's stock valued at $99,389,000 after buying an additional 659,345 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of GameStop by 42.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,036,589 shares of the company's stock worth $32,487,000 after purchasing an additional 307,903 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of GameStop during the fourth quarter valued at approximately $8,317,000. Institutional investors own 29.21% of the company's stock.

Insider Transactions at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 11,055 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $24.18, for a total value of $267,309.90. Following the transaction, the general counsel directly owned 116,781 shares in the company, valued at $2,823,764.58. The trade was a 8.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 13,075 shares of company stock worth $315,685. 8.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wedbush upgraded shares of GameStop to a "strong sell" rating in a research note on Tuesday, July 1st.

GameStop Stock Performance

Shares of NYSE:GME traded up $0.02 on Friday, hitting $22.91. 4,924,917 shares of the company were exchanged, compared to its average volume of 7,480,866. GameStop Corp. has a 1-year low of $19.31 and a 1-year high of $35.81. The stock's 50 day moving average price is $23.54 and its 200 day moving average price is $25.34. The company has a current ratio of 8.39, a quick ratio of 7.89 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $10.25 billion, a P/E ratio of 49.81 and a beta of -0.72.

GameStop (NYSE:GME - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. The company had revenue of $732.40 million during 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 firm's quarterly revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. Sell-side analysts predict that GameStop Corp. will post 0.08 EPS for the current year.

GameStop Company 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.