Handelsbanken Fonder AB Has $3.44 Million Stock Holdings in GameStop Corp. (NYSE:GME)

Handelsbanken Fonder AB grew its position in shares of GameStop Corp. (NYSE:GME - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,900 shares of the company's stock after buying an additional 29,900 shares during the period. Handelsbanken Fonder AB's holdings in GameStop were worth $3,444,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GME. State Street Corp increased its stake in GameStop by 38.0% during the third quarter. State Street Corp now owns 11,143,759 shares of the company's stock valued at $255,526,000 after purchasing an additional 3,070,571 shares during the last quarter. Geode Capital Management LLC raised its stake in GameStop by 41.8% during the third quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company's stock worth $144,009,000 after acquiring an additional 1,852,088 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in GameStop by 22.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company's stock worth $80,322,000 after acquiring an additional 646,488 shares during the last quarter. Van ECK Associates Corp boosted its stake in 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 acquiring an additional 136,785 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of GameStop by 4.2% during the fourth quarter. Rhumbline Advisers now owns 1,069,750 shares of the company's stock valued at $33,526,000 after purchasing an additional 42,793 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company's stock.

Insider Buying and Selling at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the transaction, the general counsel now owns 42,350 shares in the company, valued at $1,315,814.50. This trade represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel William Moore sold 895 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the sale, the insider now owns 31,385 shares of the company's stock, valued at $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by company insiders.

GameStop Price Performance

Shares of GME stock traded down $0.13 during trading hours on Thursday, reaching $24.49. The stock had a trading volume of 4,575,213 shares, compared to its average volume of 6,360,315. The firm has a market capitalization of $10.94 billion, a PE ratio of 136.04 and a beta of -0.11. The firm has a 50-day simple moving average of $28.47 and a 200-day simple moving average of $25.43. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83.

GameStop (NYSE:GME - Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.09. The company had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business's revenue was down 20.2% compared to the same quarter last year. On average, equities analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wedbush restated an "underperform" rating and set a $10.00 price objective on shares of GameStop in a research report on Friday, December 6th.

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.