Mariner LLC Takes $308,000 Position in GameStop Corp. (NYSE:GME)

Mariner LLC bought a new position in shares of GameStop Corp. (NYSE:GME - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 9,838 shares of the company's stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of GameStop by 223.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after purchasing an additional 684 shares during the period. New Wave Wealth Advisors LLC purchased a new position in GameStop in the 4th quarter valued at approximately $37,000. R Squared Ltd acquired a new position in shares of GameStop in the fourth quarter worth $51,000. Bessemer Group Inc. increased its position 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 acquiring an additional 691 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of GameStop by 59.9% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock valued at $57,000 after acquiring an additional 682 shares in the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

GameStop Trading Up 0.1 %

Shares of GME stock opened at $27.47 on Monday. The company has a market cap of $12.29 billion, a P/E ratio of 152.62 and a beta of -0.76. The firm has a fifty day moving average price of $24.84 and a 200 day moving average price of $26.49. GameStop Corp. has a 12 month low of $13.62 and a 12 month high of $64.83.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.48 billion. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business's revenue for the quarter was down 28.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. On average, equities analysts forecast that GameStop Corp. will post 0.08 EPS for the current year.

Insider Activity

In other news, Director Alain Attal purchased 10,000 shares of the business's stock in a transaction on Thursday, April 10th. The shares were bought at an average price of $25.75 per share, with a total value of $257,500.00. Following the completion of the transaction, the director now directly owns 572,464 shares in the company, valued at approximately $14,740,948. This represents a 1.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence Cheng acquired 5,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of $21.54 per share, with a total value of $107,700.00. Following the completion of the acquisition, the director now directly owns 83,000 shares of the company's stock, valued at approximately $1,787,820. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 515,000 shares of company stock worth $11,140,200. Corporate insiders own 12.28% of the company's stock.

GameStop 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.

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