UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $32.49 Million Stock Holdings in GameStop Corp. (NYSE:GME)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in GameStop Corp. (NYSE:GME - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,036,589 shares of the company's stock after acquiring an additional 307,903 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of GameStop worth $32,487,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GME. CIBC Asset Management Inc increased its position in shares of GameStop by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 9,381 shares of the company's stock valued at $294,000 after purchasing an additional 502 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of GameStop by 32.3% during 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. Securian Asset Management Inc. lifted its stake in GameStop by 1.8% during the 4th quarter. Securian Asset Management Inc. now owns 30,717 shares of the company's stock valued at $963,000 after acquiring an additional 557 shares during the period. Fifth Third Bancorp lifted its holdings in shares of GameStop by 11.1% in the 4th quarter. Fifth Third Bancorp now owns 5,648 shares of the company's stock valued at $177,000 after buying an additional 566 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of GameStop by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 142,931 shares of the company's stock valued at $4,479,000 after purchasing an additional 628 shares during the period. 29.21% of the stock is owned by institutional investors.

GameStop Stock Performance

GME stock traded up $0.26 during trading on Friday, hitting $29.83. The stock had a trading volume of 10,186,720 shares, compared to its average volume of 16,502,956. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 165.73 and a beta of -0.76. The company's 50 day moving average price is $26.93 and its two-hundred day moving average price is $27.33. 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 issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 EPS 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 firm's revenue was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. As a group, sell-side analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other GameStop news, CEO Ryan Cohen purchased 500,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of $21.55 per share, with a total value of $10,775,000.00. Following the completion of the purchase, the chief executive officer now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence Cheng purchased 5,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $21.54 per share, with a total value of $107,700.00. Following the completion of the acquisition, the director now directly owns 83,000 shares of the company's stock, valued at approximately $1,787,820. This represents a 6.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 515,000 shares of company stock worth $11,140,200 in the last three months. 12.28% of the stock is currently owned by insiders.

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.