GameStop Corp. (NYSE:GME) Stock Holdings Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 35.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 209,616 shares of the company's stock after acquiring an additional 55,346 shares during the quarter. Mutual of America Capital Management LLC's holdings in GameStop were worth $4,806,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GME. Balboa Wealth Partners bought a new position in GameStop during the 3rd quarter valued at $258,000. KBC Group NV lifted its position in shares of GameStop by 58.5% during the third quarter. KBC Group NV now owns 11,214 shares of the company's stock worth $257,000 after purchasing an additional 4,140 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of GameStop by 19.2% during the third quarter. Victory Capital Management Inc. now owns 72,982 shares of the company's stock worth $1,673,000 after purchasing an additional 11,749 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in GameStop by 47.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 152,991 shares of the company's stock worth $3,508,000 after purchasing an additional 49,460 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in GameStop by 6.5% in the third quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company's stock valued at $408,000 after buying an additional 1,085 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company's stock.

Analysts Set New Price Targets

GME has been the topic of a number of research analyst reports. Wedbush reduced their target price on GameStop from $11.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, September 11th. StockNews.com upgraded GameStop to a "sell" rating in a research note on Saturday, October 19th.

Insider Activity

In other news, General Counsel Mark Haymond Robinson sold 4,667 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the transaction, the general counsel now directly owns 54,927 shares in the company, valued at approximately $1,206,196.92. The trade was a 7.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel William Moore sold 2,376 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $21.50, for a total value of $51,084.00. Following the completion of the sale, the insider now owns 34,904 shares in the company, valued at approximately $750,436. This represents a 6.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,639 shares of company stock valued at $481,000. 12.28% of the stock is currently owned by company insiders.

GameStop Price Performance

Shares of NYSE:GME traded down $0.61 during trading on Thursday, reaching $27.84. 9,970,928 shares of the company's stock traded hands, compared to its average volume of 19,340,203. The company has a 50 day moving average of $22.48 and a 200-day moving average of $23.57. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83. The stock has a market capitalization of $11.87 billion, a P/E ratio of 218.71 and a beta of -0.13.

GameStop (NYSE:GME - Get Free Report) last announced its quarterly 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 analysts' expectations of $895.67 million. During the same period in the prior year, the firm earned ($0.03) EPS. The business's quarterly revenue was down 31.4% on a year-over-year basis. Equities research analysts predict that GameStop Corp. will post 0.01 earnings per share 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.