FORA Capital LLC Has $3.43 Million Holdings in GameStop Corp. (NYSE:GME)

FORA Capital LLC grew its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 215.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,318 shares of the company's stock after acquiring an additional 74,700 shares during the quarter. FORA Capital LLC's holdings in GameStop were worth $3,426,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock worth $31,000 after purchasing an additional 684 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of GameStop in the fourth quarter worth about $37,000. R Squared Ltd bought a new position in GameStop during the fourth quarter worth $51,000. Bessemer Group Inc. increased its holdings in shares of GameStop by 67.2% during the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock worth $54,000 after buying an additional 691 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in GameStop by 59.9% during the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock worth $57,000 after buying an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other GameStop news, Director Alain Attal bought 10,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 572,464 shares in the company, valued at $14,740,948. This trade represents a 1.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Cohen bought 500,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of $21.55 per share, for a total transaction of $10,775,000.00. Following the completion of the purchase, the chief executive officer now owns 37,347,842 shares of the company's stock, valued at approximately $804,845,995.10. The trade was a 1.36% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 515,000 shares of company stock worth $11,140,200. Insiders own 12.28% of the company's stock.

GameStop Stock Up 0.8%

GameStop stock traded up $0.24 during midday trading on Wednesday, hitting $28.63. 11,125,393 shares of the stock were exchanged, compared to its average volume of 19,231,713. The business's 50-day moving average price is $25.19 and its 200-day moving average price is $26.76. GameStop Corp. has a 52-week low of $17.70 and a 52-week high of $64.83. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 159.06 and a beta of -0.76.

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, topping analysts' consensus estimates of $0.09 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business's revenue was down 28.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. On average, sell-side analysts predict that GameStop Corp. will post 0.08 earnings per share 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.