Nuveen Asset Management LLC Acquires 65,797 Shares of GameStop Corp. (NYSE:GME)

Nuveen Asset Management LLC grew its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,179,710 shares of the company's stock after acquiring an additional 65,797 shares during the quarter. Nuveen Asset Management LLC owned 0.26% of GameStop worth $36,972,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. CIBC Asset Management Inc raised its stake in shares of GameStop by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 9,381 shares of the company's stock worth $294,000 after acquiring an additional 502 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of GameStop by 32.3% in the fourth 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. Crossmark Global Holdings Inc. increased its stake in shares of GameStop by 2.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company's stock worth $575,000 after buying an additional 523 shares during the period. Securian Asset Management Inc. increased its stake in shares of GameStop by 1.8% in the fourth quarter. Securian Asset Management Inc. now owns 30,717 shares of the company's stock worth $963,000 after buying an additional 557 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of GameStop by 11.1% in the fourth quarter. Fifth Third Bancorp now owns 5,648 shares of the company's stock worth $177,000 after buying an additional 566 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GameStop

In other GameStop news, Director Alain Attal bought 10,000 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were purchased at an average price of $25.75 per share, for a total transaction of $257,500.00. Following the acquisition, the director now owns 572,464 shares in the company, valued at approximately $14,740,948. This represents a 1.78% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Cohen bought 500,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of $21.55 per share, for a total transaction of $10,775,000.00. Following the acquisition, the chief executive officer now owns 37,347,842 shares in the company, valued at approximately $804,845,995.10. This represents a 1.36% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 515,000 shares of company stock valued at $11,140,200. 12.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen raised shares of GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush set a $11.50 target price on shares of GameStop in a research note on Wednesday, March 26th.

GameStop Stock Performance

Shares of NYSE GME traded up $2.33 during mid-day trading on Friday, hitting $33.19. The stock had a trading volume of 30,274,875 shares, compared to its average volume of 16,905,204. GameStop Corp. has a 1 year low of $17.70 and a 1 year high of $48.00. The business has a 50 day moving average price of $26.22 and a two-hundred day moving average price of $27.09. The firm has a market cap of $14.85 billion, a P/E ratio of 184.39 and a beta of -0.76.

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