Universal Beteiligungs und Servicegesellschaft mbH Invests $1.36 Million in 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 bought a new position in shares of GameStop Corp. (NYSE:GME - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 61,094 shares of the company's stock, valued at approximately $1,364,000.

A number of other institutional investors have also modified their holdings of GME. Slate Path Capital LP purchased a new position in shares of GameStop during the fourth quarter worth approximately $60,361,000. D. E. Shaw & Co. Inc. boosted its stake in shares of GameStop by 606.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company's stock valued at $51,735,000 after purchasing an additional 1,417,156 shares in the last quarter. Northern Trust Corp boosted its stake in shares of GameStop by 26.2% during the fourth quarter. Northern Trust Corp now owns 3,171,303 shares of the company's stock valued at $99,389,000 after purchasing an additional 659,345 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of GameStop by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company's stock valued at $208,769,000 after purchasing an additional 380,554 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of GameStop by 42.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,036,589 shares of the company's stock valued at $32,487,000 after purchasing an additional 307,903 shares in the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other GameStop news, General Counsel Mark Haymond Robinson sold 11,055 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $24.18, for a total value of $267,309.90. Following the completion of the sale, the general counsel directly owned 116,781 shares in the company, valued at $2,823,764.58. This trade represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 13,075 shares of company stock valued at $315,685 in the last three months. 12.28% of the stock is owned by company insiders.

Analyst Ratings Changes

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

GameStop Price Performance

NYSE GME opened at $22.44 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 7.89 and a current ratio of 8.39. The firm's 50 day moving average price is $25.39 and its 200-day moving average price is $25.73. GameStop Corp. has a 52-week low of $18.73 and a 52-week high of $35.81. The company has a market cap of $10.04 billion, a PE ratio of 48.77 and a beta of -0.81.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. The firm had revenue of $732.40 million for the quarter, compared to the consensus estimate of $754.23 million. GameStop had a net margin of 5.67% and a return on equity of 5.25%. The company's quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm earned ($0.12) earnings per share. Sell-side analysts forecast that GameStop Corp. will post 0.08 EPS for the current fiscal 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.

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