Intech Investment Management LLC Invests $1.06 Million in GameStop Corp. (NYSE:GME)

Intech Investment Management LLC purchased a new stake in shares of GameStop Corp. (NYSE:GME - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,867 shares of the company's stock, valued at approximately $1,061,000.

Several other large investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of GameStop during the 4th quarter worth approximately $37,000. R Squared Ltd acquired a new stake in GameStop during the fourth quarter worth $51,000. UMB Bank n.a. boosted its stake in GameStop by 59.9% during the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock worth $57,000 after buying an additional 682 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in GameStop in the 4th quarter valued at $99,000. Finally, GAMMA Investing LLC raised its stake in shares of GameStop by 65.8% in the 4th quarter. GAMMA Investing LLC now owns 3,564 shares of the company's stock valued at $112,000 after buying an additional 1,414 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company's stock.

Insider Activity

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

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Analysts Set New Price Targets

Separately, Wedbush reissued an "underperform" rating and issued a $10.00 target price on shares of GameStop in a research note on Monday.

GameStop Trading Down 2.0 %

GME stock traded down $0.52 during trading on Tuesday, hitting $25.09. The company had a trading volume of 1,316,746 shares, compared to its average volume of 5,544,180. The company has a fifty day moving average price of $25.63 and a two-hundred day moving average price of $25.66. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The company has a market cap of $11.21 billion, a P/E ratio of 139.37 and a beta of -0.29.

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.