Mutual of America Capital Management LLC Acquires 55,346 Shares of GameStop Corp. (NYSE:GME)

Mutual of America Capital Management LLC raised its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 35.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,616 shares of the company's stock after acquiring an additional 55,346 shares during the period. Mutual of America Capital Management LLC's holdings in GameStop were worth $4,806,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of GameStop by 8.1% in the third quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company's stock valued at $41,866,000 after buying an additional 136,785 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of GameStop by 34.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company's stock valued at $33,261,000 after purchasing an additional 342,178 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of GameStop during the 2nd quarter worth about $9,577,000. New York State Teachers Retirement System boosted its position in GameStop by 5.4% during the third quarter. New York State Teachers Retirement System now owns 281,364 shares of the company's stock worth $6,452,000 after purchasing an additional 14,400 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of GameStop by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 194,764 shares of the company's stock worth $2,438,000 after buying an additional 5,411 shares during the period. Institutional investors and hedge funds own 29.21% of the company's stock.

GameStop Price Performance

Shares of NYSE:GME traded up $0.20 during midday trading on Thursday, reaching $28.65. The company's stock had a trading volume of 2,208,093 shares, compared to its average volume of 19,300,297. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The business's fifty day simple moving average is $22.48 and its 200-day simple moving average is $23.57. The company has a market capitalization of $12.22 billion, a P/E ratio of 218.71 and a beta of -0.13.

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

Insider Activity

In related news, General Counsel Mark Haymond Robinson sold 11,000 shares of GameStop stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $20.82, for a total transaction of $229,020.00. Following the completion of the sale, the general counsel now directly owns 43,927 shares of the company's stock, valued at $914,560.14. The trade was a 20.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel William Moore sold 2,376 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 34,904 shares in the company, valued at $750,436. The trade was a 6.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,639 shares of company stock valued at $481,000. 12.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.