Voya Investment Management LLC grew its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,896 shares of the company's stock after buying an additional 40,238 shares during the period. Voya Investment Management LLC's holdings in GameStop were worth $4,015,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of GME. New York State Teachers Retirement System boosted its holdings in GameStop by 10.7% in the 1st quarter. New York State Teachers Retirement System now owns 311,864 shares of the company's stock valued at $6,961,000 after purchasing an additional 30,200 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of GameStop in the first quarter worth $465,000. Virtu Financial LLC bought a new stake in GameStop during the first quarter valued at $1,442,000. California State Teachers Retirement System grew its position in GameStop by 3.6% during the fourth quarter. California State Teachers Retirement System now owns 394,588 shares of the company's stock worth $12,366,000 after buying an additional 13,576 shares in the last quarter. Finally, United Advisor Group LLC raised its holdings in shares of GameStop by 216.8% in the 4th quarter. United Advisor Group LLC now owns 42,740 shares of the company's stock valued at $1,339,000 after acquiring an additional 29,250 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors.
GameStop Stock Up 0.6%
NYSE GME opened at $26.04 on Friday. The company has a current ratio of 11.37, a quick ratio of 10.79 and a debt-to-equity ratio of 0.80. GameStop Corp. has a 12 month low of $19.48 and a 12 month high of $35.81. The stock's 50 day moving average is $23.36 and its 200 day moving average is $24.97. The stock has a market cap of $11.66 billion, a PE ratio of 35.67 and a beta of -0.93.
GameStop's stock is scheduled to split before the market opens on Friday, October 3rd. The 11-10 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Thursday, October 2nd.
GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. GameStop had a net margin of 9.41% and a return on equity of 7.72%. The business had revenue of $972.20 million during the quarter, compared to analyst estimates of $823.25 million. During the same quarter last year, the business earned $0.04 earnings per share. GameStop's quarterly revenue was up 21.8% compared to the same quarter last year. Research analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Wedbush upgraded GameStop to a "strong sell" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell" and a consensus price target of $13.50.
Get Our Latest Analysis on GameStop
Insider Buying and Selling at GameStop
In related news, General Counsel Mark Haymond Robinson sold 11,055 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $2,823,764.58. This represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 13,905 shares of company stock valued at $334,509. 8.58% of the stock is currently owned by corporate insiders.
GameStop Company Profile
(
Free Report)
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.
Further Reading
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