ExodusPoint Capital Management LP Has $405,000 Stock Holdings in GameStop Corp. (NYSE:GME)

ExodusPoint Capital Management LP cut its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 72.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,930 shares of the company's stock after selling 34,254 shares during the quarter. ExodusPoint Capital Management LP's holdings in GameStop were worth $405,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc lifted its stake in shares of GameStop by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 9,381 shares of the company's stock valued at $294,000 after buying an additional 502 shares during the period. Christensen King & Associates Investment Services Inc. raised its stake in shares of GameStop by 1.9% in the fourth 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. Nomura Asset Management Co. Ltd. lifted its position in GameStop by 32.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock worth $67,000 after purchasing an additional 520 shares during the period. Crossmark Global Holdings Inc. boosted its stake in GameStop by 2.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company's stock worth $575,000 after buying an additional 523 shares in the last quarter. Finally, Securian Asset Management Inc. increased its holdings in GameStop by 1.8% in the 4th quarter. Securian Asset Management Inc. now owns 30,717 shares of the company's stock valued at $963,000 after buying an additional 557 shares during the period. 29.21% of the stock is owned by institutional investors.

GameStop Stock Up 2.1 %

NYSE:GME traded up $0.56 on Friday, reaching $26.81. The stock had a trading volume of 7,347,861 shares, compared to its average volume of 20,420,868. GameStop Corp. has a 1-year low of $10.01 and a 1-year high of $64.83. The stock has a fifty day moving average price of $24.61 and a 200-day moving average price of $25.95. 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 announced its earnings results on Tuesday, March 25th. The company reported $0.30 EPS for the quarter, topping 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 company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business's revenue for the quarter was down 28.5% on a year-over-year basis. Sell-side analysts predict that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Activity

In other GameStop news, General Counsel Mark Haymond Robinson sold 4,687 shares of the company'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 $105,598.11. Following the completion of the sale, the general counsel now owns 37,663 shares in the company, valued at approximately $848,547.39. The trade was a 11.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alain Attal bought 10,000 shares of the business's stock in a transaction on Thursday, April 10th. The stock was bought at an average cost of $25.75 per share, for a total transaction of $257,500.00. Following the purchase, the director now directly owns 572,464 shares of the company's stock, valued at approximately $14,740,948. This trade represents a 1.78 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 515,000 shares of company stock valued at $11,140,200. Company insiders own 12.28% of the company's stock.

Analysts Set New Price Targets

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

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.