First National Corp MA ADV Buys New Position in GameStop Corp. (NYSE:GME)

First National Corp MA ADV purchased a new position in GameStop Corp. (NYSE:GME - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,678 shares of the company's stock, valued at approximately $491,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Christensen King & Associates Investment Services Inc. increased its stake in GameStop by 1.9% during the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company's stock valued at $853,000 after purchasing an additional 518 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in GameStop by 2.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company's stock valued at $575,000 after purchasing an additional 523 shares in the last quarter. CWM LLC increased its stake in GameStop by 19.9% during the 3rd quarter. CWM LLC now owns 3,189 shares of the company's stock valued at $73,000 after purchasing an additional 529 shares in the last quarter. Fifth Third Bancorp increased its stake in GameStop by 11.1% during the 4th quarter. Fifth Third Bancorp now owns 5,648 shares of the company's stock valued at $177,000 after purchasing an additional 566 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of GameStop by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 142,931 shares of the company's stock worth $4,479,000 after acquiring an additional 628 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company's stock.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the sale, the general counsel now directly owns 42,350 shares of the company's stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel William Moore sold 895 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the completion of the sale, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GME. StockNews.com upgraded shares of GameStop to a "sell" rating in a research note on Saturday, October 19th. Wedbush restated an "underperform" rating and set a $10.00 price target on shares of GameStop in a research report on Friday, December 6th.

GameStop Stock Up 1.4 %

GME traded up $0.36 during trading on Thursday, hitting $26.35. 7,497,404 shares of the company traded hands, compared to its average volume of 6,365,719. The firm has a market cap of $11.77 billion, a P/E ratio of 146.37 and a beta of -0.11. The stock's fifty day moving average is $28.99 and its 200 day moving average is $25.13. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.09. The company had revenue of $860.30 million during the quarter, compared to analyst estimates of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business's revenue was down 20.2% on a year-over-year basis. On average, equities research analysts forecast that GameStop Corp. will post 0.08 EPS for the current fiscal year.

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.