Amalgamated Bank Acquires 47,894 Shares of GameStop Corp. (NYSE:GME)

Amalgamated Bank lifted its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 35.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,258 shares of the company's stock after buying an additional 47,894 shares during the period. Amalgamated Bank owned approximately 0.05% of GameStop worth $4,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Texas Permanent School Fund Corp boosted its position in shares of GameStop by 1.5% during the first quarter. Texas Permanent School Fund Corp now owns 235,081 shares of the company's stock worth $2,943,000 after buying an additional 3,459 shares during the period. Algert Global LLC acquired a new stake in GameStop in the second quarter worth approximately $1,003,000. Cubist Systematic Strategies LLC acquired a new stake in GameStop in the second quarter worth approximately $9,577,000. Louisiana State Employees Retirement System boosted its stake in shares of GameStop by 41.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 107,500 shares of the company's stock worth $2,465,000 after acquiring an additional 31,300 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of GameStop by 8.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company's stock worth $41,866,000 after acquiring an additional 136,785 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Daniel William Moore sold 2,624 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $21.00, for a total value of $55,104.00. Following the completion of the transaction, the insider now owns 32,280 shares of the company's stock, valued at $677,880. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other GameStop news, insider Daniel William Moore sold 2,624 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $21.00, for a total transaction of $55,104.00. Following the sale, the insider now directly owns 32,280 shares of the company's stock, valued at $677,880. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Mark Haymond Robinson sold 4,667 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the sale, the general counsel now directly owns 54,927 shares in the company, valued at approximately $1,206,196.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,639 shares of company stock valued at $481,000. Company insiders own 12.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised GameStop to a "sell" rating in a research note on Saturday, October 19th. Wedbush cut their price objective on GameStop from $11.00 to $10.00 and set an "underperform" rating for the company in a report on Wednesday, September 11th.

GameStop Trading Up 6.1 %

GameStop stock traded up $1.43 during mid-day trading on Friday, hitting $24.88. 15,908,649 shares of the company's stock were exchanged, compared to its average volume of 5,711,826. The stock has a market cap of $10.61 billion, a P/E ratio of 191.38 and a beta of -0.13. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The stock has a 50 day moving average of $21.81 and a two-hundred day moving average of $22.64.

GameStop (NYSE:GME - Get Free Report) last released its earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The business had revenue of $798.30 million for the quarter, compared to the consensus estimate of $895.67 million. During the same period last year, the business earned ($0.03) earnings per share. The firm's revenue for the quarter was down 31.4% compared to the same quarter last year. As a group, research analysts predict that GameStop Corp. will post 0.01 EPS for the current fiscal 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.