Teacher Retirement System of Texas Buys 39,541 Shares of GameStop Corp. (NYSE:GME)

Teacher Retirement System of Texas lifted its holdings in GameStop Corp. (NYSE:GME - Free Report) by 169.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,897 shares of the company's stock after buying an additional 39,541 shares during the quarter. Teacher Retirement System of Texas' holdings in GameStop were worth $1,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew 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 buying an additional 684 shares during the period. Bessemer Group Inc. grew 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 buying an additional 691 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of GameStop by 32.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock worth $67,000 after buying an additional 520 shares during the period. UMB Bank n.a. grew its position in shares of 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, GAMMA Investing LLC grew its position in shares of GameStop by 69.9% in the 1st quarter. GAMMA Investing LLC now owns 6,056 shares of the company's stock worth $135,000 after buying an additional 2,492 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Mark Haymond Robinson sold 1,269 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $23.95, for a total transaction of $30,392.55. Following the sale, the general counsel owned 127,836 shares of the company's stock, valued at $3,061,672.20. This trade represents a 0.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 12.28% of the company's stock.

Wall Street Analyst Weigh In

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

GameStop Stock Up 1.3%

NYSE:GME traded up $0.29 on Friday, reaching $23.39. 11,367,997 shares of the stock traded hands, compared to its average volume of 11,197,835. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 50.85 and a beta of -0.81. The company has a current ratio of 8.39, a quick ratio of 7.89 and a debt-to-equity ratio of 0.30. GameStop Corp. has a 12 month low of $18.73 and a 12 month high of $35.81. The company's fifty day simple moving average is $26.66 and its 200 day simple moving average is $26.54.

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

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.