New Mexico Educational Retirement Board Has $2.45 Million Stock Holdings in GameStop Corp. (NYSE:GME)

New Mexico Educational Retirement Board grew its holdings in GameStop Corp. (NYSE:GME - Free Report) by 51.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,088 shares of the company's stock after purchasing an additional 26,488 shares during the period. New Mexico Educational Retirement Board's holdings in GameStop were worth $2,447,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. New Wave Wealth Advisors LLC acquired a new position in GameStop in the 4th quarter worth about $37,000. R Squared Ltd acquired a new position in GameStop in the fourth quarter worth approximately $51,000. UMB Bank n.a. raised its position in GameStop by 59.9% during the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock valued at $57,000 after acquiring an additional 682 shares in the last quarter. CWM LLC lifted its stake in GameStop by 19.9% in the third quarter. CWM LLC now owns 3,189 shares of the company's stock valued at $73,000 after acquiring an additional 529 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in GameStop by 65.8% in the fourth quarter. GAMMA Investing LLC now owns 3,564 shares of the company's stock worth $112,000 after acquiring an additional 1,414 shares in the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

GameStop Price Performance

Shares of GME stock traded down $0.95 during trading on Wednesday, reaching $26.02. The company had a trading volume of 4,259,461 shares, compared to its average volume of 6,478,427. The firm's 50 day simple moving average is $28.90 and its two-hundred day simple moving average is $25.24. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83. The company has a market capitalization of $11.63 billion, a PE ratio of 144.57 and a beta of -0.11.

GameStop (NYSE:GME - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.09. The firm had revenue of $860.30 million during 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 company's quarterly revenue was down 20.2% on a year-over-year basis. Analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at GameStop

In other news, insider Daniel William Moore sold 895 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction 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. This represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the firm'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 $48,997.39. Following the completion of the sale, the general counsel now owns 42,350 shares of the company's stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

About GameStop

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.