GameStop Corp. (NYSE:GME) Stock Holdings Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 56.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 817,848 shares of the company's stock after selling 1,078,616 shares during the period. Renaissance Technologies LLC owned about 0.18% of GameStop worth $25,631,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GME. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 107,354 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in GameStop during the 4th quarter worth about $878,000. Retirement Systems of Alabama raised its stake in GameStop by 41.7% in the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company's stock valued at $10,804,000 after purchasing an additional 138,597 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in GameStop by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock valued at $80,401,000 after purchasing an additional 60,673 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of GameStop by 5.5% during the 4th quarter. Swiss National Bank now owns 834,228 shares of the company's stock worth $26,145,000 after purchasing an additional 43,700 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 4,687 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction of $105,598.11. Following the completion of the sale, the general counsel now owns 37,663 shares in the company, valued at $848,547.39. This trade represents a 11.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel William Moore sold 1,608 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $36,228.24. Following the completion of the transaction, the insider now directly owns 29,777 shares in the company, valued at approximately $670,875.81. The trade was a 5.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 515,000 shares of company stock valued at $11,140,200 over the last 90 days. 12.28% of the stock is owned by corporate insiders.

GameStop Price Performance

GME stock traded up $0.56 during midday trading on Friday, reaching $26.81. 7,347,861 shares of the company's stock traded hands, compared to its average volume of 20,420,868. The business has a 50-day moving average price of $24.61 and a two-hundred day moving average price of $25.95. GameStop Corp. has a fifty-two week low of $10.01 and a fifty-two week high of $64.83. The company has a market capitalization of $11.99 billion, a P/E ratio of 148.95 and a beta of -0.44.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com upgraded 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 GameStop in a report on Wednesday, March 26th.

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.