Legal & General Group Plc Acquires 19,729 Shares of GameStop Corp. (NYSE:GME)

Legal & General Group Plc lifted its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 736,443 shares of the company's stock after buying an additional 19,729 shares during the quarter. Legal & General Group Plc owned about 0.16% of GameStop worth $23,080,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of GameStop by 7.2% during the 3rd quarter. FMR LLC now owns 41,408 shares of the company's stock valued at $949,000 after purchasing an additional 2,793 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in GameStop by 25.5% during the third quarter. Public Employees Retirement System of Ohio now owns 141,383 shares of the company's stock worth $3,242,000 after buying an additional 28,699 shares in the last quarter. Geode Capital Management LLC increased its stake in GameStop by 41.8% in the 3rd 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 last quarter. Virtu Financial LLC purchased a new stake in shares of GameStop in the 3rd quarter valued at about $285,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of GameStop during the 3rd quarter valued at about $230,000. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at GameStop

In related news, insider Daniel William Moore sold 1,608 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $36,228.24. Following the transaction, the insider now directly owns 29,777 shares of the company's stock, valued at approximately $670,875.81. This represents a 5.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alain Attal purchased 10,000 shares of the stock in a transaction dated Thursday, April 10th. The shares were acquired at an average cost of $25.75 per share, for a total transaction of $257,500.00. Following the completion of the acquisition, the director now owns 572,464 shares of the company's stock, valued at approximately $14,740,948. This represents a 1.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 515,000 shares of company stock valued at $11,140,200 in the last three months. Company insiders own 12.28% of the company's stock.

GameStop Stock Up 2.1 %

Shares of GameStop stock traded up $0.56 on Friday, hitting $26.81. The stock had a trading volume of 7,347,861 shares, compared to its average volume of 20,420,868. The stock's 50-day simple moving average is $24.61 and its two-hundred day simple moving average is $25.95. GameStop Corp. has a one year low of $10.01 and a one year high of $64.83. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 148.95 and a beta of -0.44.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.21. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the business posted $0.21 EPS. The business's revenue was down 28.5% on a year-over-year basis. As a group, equities analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on GME. Wedbush set a $11.50 price objective on shares of GameStop in a research report on Wednesday, March 26th. StockNews.com upgraded GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th.

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.