Penserra Capital Management LLC Buys 24,761 Shares of GameStop Corp. (NYSE:GME)

Penserra Capital Management LLC raised its stake in GameStop Corp. (NYSE:GME - Free Report) by 110.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,118 shares of the company's stock after purchasing an additional 24,761 shares during the period. Penserra Capital Management LLC's holdings in GameStop were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company's stock worth $26,000 after buying an additional 959 shares in the last quarter. AlphaMark Advisors LLC grew its position in shares of GameStop by 41.7% in the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock valued at $33,000 after purchasing an additional 396 shares during the period. Centerpoint Advisors LLC acquired a new position in shares of GameStop during the 2nd quarter valued at about $47,000. GAMMA Investing LLC raised its position in shares of GameStop by 32.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock worth $51,000 after buying an additional 511 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in GameStop by 147.2% in the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company's stock valued at $65,000 after buying an additional 3,025 shares during the period. Hedge funds and other institutional investors own 29.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on GME shares. StockNews.com raised GameStop to a "sell" rating in a report on Saturday, October 19th. Wedbush decreased their price objective on GameStop from $11.00 to $10.00 and set an "underperform" rating for the company in a report on Wednesday, September 11th.

GameStop Price Performance

GameStop stock traded up $0.56 during trading hours on Wednesday, hitting $30.89. The company had a trading volume of 12,844,233 shares, compared to its average volume of 19,258,717. The firm has a market capitalization of $13.17 billion, a P/E ratio of 237.63 and a beta of -0.13. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The firm's fifty day moving average is $23.40 and its 200-day moving average is $24.01.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The business had revenue of $798.30 million during the quarter, compared to the consensus estimate of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. GameStop's quarterly revenue was down 31.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS. Analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current year.

Insider Transactions at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 11,000 shares of GameStop stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $20.82, for a total value of $229,020.00. Following the completion of the transaction, the general counsel now owns 43,927 shares in the company, valued at approximately $914,560.14. The trade was a 20.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel William Moore sold 1,972 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $43,305.12. Following the sale, the insider now owns 37,280 shares in the company, valued at $818,668.80. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,639 shares of company stock valued at $481,000. 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.