CANADA LIFE ASSURANCE Co Purchases 29,691 Shares of GameStop Corp. (NYSE:GME)

CANADA LIFE ASSURANCE Co lifted its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 325,614 shares of the company's stock after acquiring an additional 29,691 shares during the period. CANADA LIFE ASSURANCE Co owned 0.07% of GameStop worth $10,192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of GameStop by 223.5% during 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 acquired a new position in GameStop during the 4th quarter worth approximately $37,000. R Squared Ltd bought a new position in GameStop in the fourth quarter worth approximately $51,000. Bessemer Group Inc. grew its stake in 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 acquiring an additional 691 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of GameStop by 59.9% during 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 owned by institutional investors.

GameStop Stock Performance

Shares of GameStop stock traded up $0.37 on Friday, hitting $27.45. The company had a trading volume of 5,817,604 shares, compared to its average volume of 20,517,586. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 152.51 and a beta of -0.44. GameStop Corp. has a 1 year low of $10.48 and a 1 year high of $64.83. The stock has a 50 day moving average of $24.66 and a 200-day moving average of $26.15.

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

Analysts Set New Price Targets

Several analysts recently issued reports on GME shares. StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush set a $11.50 price objective on shares of GameStop in a report on Wednesday, March 26th.

Insider Transactions at GameStop

In other GameStop news, CEO Ryan Cohen bought 500,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $21.55 per share, for a total transaction of $10,775,000.00. Following the purchase, the chief executive officer now directly owns 37,347,842 shares of the company's stock, valued at approximately $804,845,995.10. This trade represents a 1.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence Cheng purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of $21.54 per share, for a total transaction of $107,700.00. Following the completion of the acquisition, the director now directly owns 83,000 shares in the company, valued at $1,787,820. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 515,000 shares of company stock worth $11,140,200 in the last 90 days. Insiders own 12.28% of the company's stock.

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.