SG Americas Securities LLC Invests $934,000 in GameStop Corp. (NYSE:GME)

SG Americas Securities LLC purchased a new position in shares of GameStop Corp. (NYSE:GME - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 41,863 shares of the company's stock, valued at approximately $934,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in GameStop by 5.5% during 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 during the last quarter. Slate Path Capital LP acquired a new position in shares of GameStop during the 4th quarter worth $60,361,000. D. E. Shaw & Co. Inc. lifted its position in shares of GameStop by 606.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company's stock worth $51,735,000 after buying an additional 1,417,156 shares during the last quarter. Northern Trust Corp boosted 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 valued at $99,389,000 after buying an additional 659,345 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 valued at $208,769,000 after buying an additional 380,554 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company's stock.

Insider Buying and Selling at GameStop

In other GameStop news, Director Alain Attal bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average price of $25.75 per share, with a total value of $257,500.00. Following the completion of the purchase, the director now directly owns 572,464 shares of the company's stock, valued at approximately $14,740,948. This trade represents a 1.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Cohen acquired 500,000 shares of GameStop stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $21.55 per share, with a total value of $10,775,000.00. Following the transaction, the chief executive officer now 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 disclosure for this purchase can be found here. In the last quarter, insiders have purchased 515,000 shares of company stock worth $11,140,200. Insiders own 12.28% of the company's stock.

Analyst Ratings Changes

GME has been the subject of a number of research reports. Wall Street Zen raised shares of GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush reiterated an "underperform" rating and set a $13.50 price objective on shares of GameStop in a research report on Wednesday, June 11th.

GameStop Price Performance

Shares of GME traded up $0.01 during trading hours on Friday, reaching $23.45. The stock had a trading volume of 19,929,551 shares, compared to its average volume of 11,704,289. The company has a debt-to-equity ratio of 0.30, a quick ratio of 7.89 and a current ratio of 8.39. GameStop Corp. has a 12 month low of $18.73 and a 12 month high of $35.81. The stock has a market capitalization of $10.49 billion, a PE ratio of 50.98 and a beta of -0.69. The company's 50-day moving average is $27.78 and its two-hundred day moving average is $27.15.

GameStop (NYSE:GME - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.13. The business had revenue of $732.40 million during the quarter, compared to analysts' expectations of $754.23 million. GameStop had a return on equity of 5.25% and a net margin of 5.67%. The business's revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. Research analysts expect 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.