FORA Capital LLC Boosts Stock Position in GameStop Corp. (NYSE:GME)

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

Several other hedge funds and other institutional investors have also bought and sold shares of GME. JPMorgan Chase & Co. lifted its stake in shares of GameStop by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 774,096 shares of the company's stock worth $17,750,000 after purchasing an additional 244,339 shares during the period. GAMMA Investing LLC lifted its stake in shares of GameStop by 65.8% in the 4th quarter. GAMMA Investing LLC now owns 3,564 shares of the company's stock worth $112,000 after purchasing an additional 1,414 shares during the period. Christensen King & Associates Investment Services Inc. lifted its stake in shares of GameStop by 1.9% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company's stock worth $853,000 after purchasing an additional 518 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of GameStop in the 4th quarter worth approximately $252,000. Finally, Joule Financial LLC bought a new position in shares of GameStop in the 4th quarter worth approximately $229,000. Institutional investors own 29.21% of the company's stock.

GameStop Trading Up 2.8%

GameStop stock traded up $0.75 during midday trading on Friday, hitting $27.53. The stock had a trading volume of 7,749,796 shares, compared to its average volume of 20,021,174. The firm's fifty day moving average is $25.05 and its two-hundred day moving average is $26.69. The company has a market capitalization of $12.31 billion, a PE ratio of 152.95 and a beta of -0.76. GameStop Corp. has a 52-week low of $17.70 and a 52-week high of $64.83.

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

Insider Buying and Selling

In other GameStop news, insider Daniel William Moore sold 1,608 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total transaction of $36,228.24. Following the completion of the sale, the insider now directly owns 29,777 shares of the company's stock, valued at $670,875.81. This trade represents a 5.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alain Attal acquired 10,000 shares of the business's stock in a transaction on Thursday, April 10th. The shares were bought at an average cost of $25.75 per share, with a total value of $257,500.00. Following the completion of the acquisition, the director now owns 572,464 shares in the company, valued at approximately $14,740,948. This represents a 1.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 515,000 shares of company stock valued at $11,140,200. 12.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.