GameStop Corp. (NYSE:GME) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. decreased its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,997 shares of the company's stock after selling 9,097 shares during the quarter. Graham Capital Management L.P.'s holdings in GameStop were worth $533,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GME. Vanguard Group Inc. increased its holdings in shares of GameStop by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company's stock valued at $1,226,775,000 after acquiring an additional 2,036,032 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 worth $208,769,000 after purchasing an additional 380,554 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of GameStop by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock worth $113,146,000 after purchasing an additional 107,354 shares during the last quarter. Northern Trust Corp grew its holdings 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 worth $99,389,000 after purchasing an additional 659,345 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of GameStop by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock worth $80,401,000 after purchasing an additional 60,673 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GME shares. Wedbush set a $11.50 price objective on GameStop in a research report on Wednesday, March 26th. StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th.

Insider Buying and Selling at GameStop

In related news, CEO Ryan Cohen purchased 500,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of $21.55 per share, for a total transaction of $10,775,000.00. Following the acquisition, the chief executive officer now directly owns 37,347,842 shares in the company, valued at $804,845,995.10. This trade represents a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Alain Attal purchased 10,000 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was bought at an average price of $25.75 per share, for a total transaction of $257,500.00. Following the acquisition, the director now owns 572,464 shares in the company, valued at $14,740,948. The trade was 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 have bought 515,000 shares of company stock worth $11,140,200. Corporate insiders own 12.28% of the company's stock.

GameStop Stock Performance

NYSE:GME traded down $0.57 during mid-day trading on Monday, reaching $27.88. The stock had a trading volume of 4,203,871 shares, compared to its average volume of 17,357,580. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 154.90 and a beta of -0.76. GameStop Corp. has a twelve month low of $17.70 and a twelve month high of $48.00. The business has a 50 day simple moving average of $25.52 and a 200 day simple moving average of $26.91.

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

About GameStop

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.