Schonfeld Strategic Advisors LLC Buys New Shares in GameStop Corp. (NYSE:GME)

Schonfeld Strategic Advisors LLC purchased a new position in GameStop Corp. (NYSE:GME - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,650 shares of the company's stock, valued at approximately $679,000.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after acquiring an additional 684 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in GameStop in the fourth quarter valued at about $37,000. R Squared Ltd acquired a new stake in shares of GameStop in the fourth quarter valued at $51,000. Bessemer Group Inc. raised its holdings in shares of GameStop by 67.2% in the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock valued at $54,000 after buying an additional 691 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in GameStop by 59.9% during the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock worth $57,000 after acquiring an additional 682 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company's stock.

Insider Buying and Selling

In other news, Director Alain Attal acquired 10,000 shares of GameStop stock in a transaction dated 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 purchase, the director now owns 572,464 shares in the company, valued at $14,740,948. This trade represents a 1.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel William Moore sold 1,608 shares of the business's stock in a transaction 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 transaction, the insider now owns 29,777 shares in the company, valued at approximately $670,875.81. The trade was a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 515,000 shares of company stock worth $11,140,200 in the last three months. 12.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush set a $11.50 price target on GameStop in a research note on Wednesday, March 26th.

GameStop Trading Up 1.6%

GME stock traded up $0.44 during trading hours on Monday, hitting $27.98. 7,353,716 shares of the stock were exchanged, compared to its average volume of 19,970,668. The company has a 50-day simple moving average of $25.11 and a two-hundred day simple moving average of $26.75. GameStop Corp. has a 12 month low of $17.70 and a 12 month high of $64.83. The firm has a market capitalization of $12.52 billion, a P/E ratio of 155.48 and a beta of -0.76.

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