GameStop Corp. (NYSE:GME) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP grew its stake in GameStop Corp. (NYSE:GME - Free Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,477 shares of the company's stock after acquiring an additional 8,814 shares during the quarter. Two Sigma Advisers LP's holdings in GameStop were worth $2,867,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GME. Nisa Investment Advisors LLC raised its holdings in GameStop by 133.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,482 shares of the company's stock worth $266,000 after purchasing an additional 4,842 shares in the last quarter. Fifth Third Bancorp lifted its position in GameStop by 11.1% during the fourth quarter. Fifth Third Bancorp now owns 5,648 shares of the company's stock valued at $177,000 after acquiring an additional 566 shares during the last quarter. KBC Group NV lifted its position in GameStop by 56.9% during the fourth quarter. KBC Group NV now owns 17,596 shares of the company's stock valued at $551,000 after acquiring an additional 6,382 shares during the last quarter. Pacer Advisors Inc. boosted its stake in GameStop by 4.9% in the fourth quarter. Pacer Advisors Inc. now owns 60,085 shares of the company's stock valued at $1,883,000 after acquiring an additional 2,791 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in GameStop in the fourth quarter worth $878,000. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GME has been the subject of several analyst reports. Wall Street Zen upgraded GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush set a $11.50 price target on GameStop in a report on Wednesday, March 26th.

Insider Activity at GameStop

In related news, CEO Ryan Cohen purchased 500,000 shares of GameStop stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $21.55 per share, for a total transaction of $10,775,000.00. Following the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel William Moore sold 1,608 shares of GameStop stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $36,228.24. Following the completion of the sale, the insider now owns 29,777 shares in the company, valued at approximately $670,875.81. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 515,000 shares of company stock worth $11,140,200. 12.28% of the stock is owned by corporate insiders.

GameStop Trading Up 0.9%

Shares of NYSE:GME traded up $0.26 on Friday, hitting $29.83. 10,186,720 shares of the company were exchanged, compared to its average volume of 16,502,956. The stock's 50 day moving average price is $26.93 and its 200 day moving average price is $27.33. The firm has a market capitalization of $13.34 billion, a P/E ratio of 165.73 and a beta of -0.76. GameStop Corp. has a 1-year low of $18.73 and a 1-year high of $48.00.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business's quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, 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.