United Advisor Group LLC Boosts Stake in GameStop Corp. (NYSE:GME)

United Advisor Group LLC increased its stake in GameStop Corp. (NYSE:GME - Free Report) by 216.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,740 shares of the company's stock after buying an additional 29,250 shares during the quarter. United Advisor Group LLC's holdings in GameStop were worth $1,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of GameStop by 223.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after buying an additional 684 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of GameStop during the fourth quarter valued at approximately $37,000. R Squared Ltd purchased a new stake in shares of GameStop during the fourth quarter valued at approximately $51,000. Bessemer Group Inc. lifted its stake in GameStop by 67.2% in the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock worth $54,000 after acquiring an additional 691 shares during the period. Finally, UMB Bank n.a. lifted its position in GameStop by 59.9% during the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock valued at $57,000 after buying an additional 682 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GME shares. 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 objective on GameStop in a report on Wednesday, March 26th.

GameStop Price Performance

GME stock traded down $3.85 during mid-day trading on Wednesday, reaching $31.16. 45,063,838 shares of the company's stock were exchanged, compared to its average volume of 16,627,134. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 173.12 and a beta of -0.76. The stock's 50 day moving average is $26.64 and its 200 day moving average is $27.26. GameStop Corp. has a 12-month low of $18.73 and a 12-month high of $48.00.

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

Insiders Place Their Bets

In related news, Director Alain Attal bought 10,000 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average cost of $25.75 per share, with a total value of $257,500.00. Following the purchase, the director now directly owns 572,464 shares of the company's stock, valued at $14,740,948. This trade represents a 1.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel William Moore sold 1,608 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $36,228.24. Following the transaction, the insider now directly owns 29,777 shares of the company's stock, valued at $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. Insiders acquired a total of 515,000 shares of company stock valued at $11,140,200 over the last quarter. 12.28% of the stock is owned by insiders.

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.