Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 61,094 GameStop Corp. (NYSE:GME)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $1.36 million in GameStop Corp. by acquiring 61,094 shares during the first quarter of the year.
• GameStop's quarterly earnings showed a profit of $0.17 per share, which exceeded analysts' expectations, although revenue fell 16.9% year-over-year to $732.4 million.
• Insiders have recently sold a total of 13,075 shares valued at $315,685, indicating a reduction in their ownership, while institutional investors collectively own 29.21% of the stock.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of GameStop Corp. (NYSE:GME - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,094 shares of the company's stock, valued at approximately $1,364,000.

Several other large investors have also recently made changes to their positions in GME. Commonwealth Equity Services LLC grew its holdings in shares of GameStop by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,686 shares of the company's stock worth $429,000 after purchasing an additional 848 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of GameStop by 8.9% in the fourth quarter. American Century Companies Inc. now owns 29,003 shares of the company's stock worth $909,000 after purchasing an additional 2,369 shares during the last quarter. Sei Investments Co. grew its holdings in shares of GameStop by 18.9% in the fourth quarter. Sei Investments Co. now owns 23,454 shares of the company's stock worth $735,000 after purchasing an additional 3,720 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of GameStop by 2.3% in the fourth quarter. Prudential Financial Inc. now owns 28,134 shares of the company's stock worth $882,000 after purchasing an additional 640 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in GameStop by 223.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after acquiring an additional 684 shares in the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop Trading Up 0.6%

NYSE:GME traded up $0.15 during trading hours on Tuesday, hitting $22.78. The company had a trading volume of 3,179,609 shares, compared to its average volume of 11,455,834. The company has a market capitalization of $10.19 billion, a PE ratio of 49.47 and a beta of -0.72. The stock has a 50-day moving average price of $24.95 and a 200 day moving average price of $25.63. GameStop Corp. has a 52 week low of $19.31 and a 52 week high of $35.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.39 and a quick ratio of 7.89.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $732.40 million for the quarter, compared to analysts' expectations of $754.23 million. GameStop had a net margin of 5.67% and a return on equity of 5.25%. The firm's revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) earnings per share. On average, equities research analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush upgraded shares of GameStop to a "strong sell" rating in a report on Tuesday, July 1st.

Insider Buying and Selling

In other GameStop news, General Counsel Mark Haymond Robinson sold 11,055 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $24.18, for a total transaction of $267,309.90. Following the completion of the transaction, the general counsel owned 116,781 shares of the company's stock, valued at approximately $2,823,764.58. This trade represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 13,075 shares of company stock worth $315,685 over the last ninety days. Company insiders own 12.28% of the company's stock.

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.