Janus Henderson Group PLC Has $4.20 Million Holdings in GameStop Corp. (NYSE:GME)

Janus Henderson Group PLC grew its position in GameStop Corp. (NYSE:GME - Free Report) by 42.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 182,905 shares of the company's stock after buying an additional 54,900 shares during the period. Janus Henderson Group PLC's holdings in GameStop were worth $4,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GME. UMB Bank n.a. increased its position in GameStop by 535.8% in the third quarter. UMB Bank n.a. now owns 1,138 shares of the company's stock worth $26,000 after purchasing an additional 959 shares during the period. AlphaMark Advisors LLC grew its position in shares of GameStop by 41.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock worth $33,000 after buying an additional 396 shares during the period. Centerpoint Advisors LLC bought a new stake in shares of GameStop during the second quarter worth approximately $47,000. CWM LLC lifted its holdings in GameStop by 115.6% in the second quarter. CWM LLC now owns 2,660 shares of the company's stock valued at $66,000 after buying an additional 1,426 shares during the period. Finally, Quest Partners LLC boosted its stake in GameStop by 7,156.5% in the second quarter. Quest Partners LLC now owns 6,168 shares of the company's stock valued at $152,000 after acquiring an additional 6,083 shares during the last quarter. Institutional investors own 29.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GME. Wedbush reiterated an "underperform" rating and set a $10.00 target price on shares of GameStop in a research report on Friday, December 6th. StockNews.com raised GameStop to a "sell" rating in a research note on Saturday, October 19th.

Insider Buying and Selling

In other news, insider Daniel William Moore sold 1,972 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $43,305.12. Following the completion of the transaction, the insider now owns 37,280 shares in the company, valued at $818,668.80. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Mark Haymond Robinson sold 11,000 shares of the firm's 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 sale, the general counsel now owns 43,927 shares in the company, valued at approximately $914,560.14. The trade was a 20.03 % decrease in their ownership of the stock. 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 owned by company insiders.

GameStop Trading Up 7.7 %

Shares of NYSE:GME traded up $2.07 during mid-day trading on Wednesday, reaching $29.00. The stock had a trading volume of 20,424,314 shares, compared to its average volume of 19,129,570. The firm has a market cap of $12.37 billion, a PE ratio of 223.09 and a beta of -0.11. The firm has a 50 day simple moving average of $24.67 and a two-hundred day simple moving average of $24.08. 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 posted its earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.09. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The company had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop's revenue for the quarter was down 20.2% on a year-over-year basis. On average, equities analysts anticipate that GameStop Corp. will post 0.01 EPS for the current fiscal year.

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.