Nisa Investment Advisors LLC Sells 28,545 Shares of GameStop Corp. (NYSE:GME)

Nisa Investment Advisors LLC lessened its position in GameStop Corp. (NYSE:GME - Free Report) by 88.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,640 shares of the company's stock after selling 28,545 shares during the quarter. Nisa Investment Advisors LLC's holdings in GameStop were worth $83,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Texas Permanent School Fund Corp boosted its stake in shares of GameStop by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 235,081 shares of the company's stock worth $2,943,000 after buying an additional 3,459 shares during the last quarter. Algert Global LLC bought a new position in GameStop in the second quarter valued at approximately $1,003,000. Cubist Systematic Strategies LLC acquired a new position in shares of GameStop during the 2nd quarter worth approximately $9,577,000. Louisiana State Employees Retirement System raised its stake in shares of GameStop by 41.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 107,500 shares of the company's stock worth $2,465,000 after purchasing an additional 31,300 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of GameStop by 226.6% in the 2nd quarter. Millennium Management LLC now owns 123,800 shares of the company's stock valued at $3,057,000 after buying an additional 85,893 shares during the last quarter. Institutional investors own 29.21% of the company's stock.

GameStop Stock Up 6.2 %

Shares of NYSE GME traded up $1.46 during midday trading on Friday, hitting $24.91. 15,847,065 shares of the company's stock were exchanged, compared to its average volume of 19,464,973. The firm has a market capitalization of $10.62 billion, a PE ratio of 191.63 and a beta of -0.13. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83. The company's 50 day moving average price is $21.81 and its 200 day moving average price is $22.64.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The firm had revenue of $798.30 million for the quarter, compared to the consensus estimate of $895.67 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The company's quarterly revenue was down 31.4% on a year-over-year basis. On average, equities research analysts anticipate that GameStop Corp. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GME. StockNews.com upgraded shares of GameStop to a "sell" rating in a report on Saturday, October 19th. Wedbush dropped their target price on shares of GameStop from $11.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, September 11th.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 4,667 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32. Following the transaction, the general counsel now directly owns 54,927 shares of the company's stock, valued at approximately $1,206,196.92. This trade represents a 0.00 % 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. In other news, General Counsel Mark Haymond Robinson sold 4,667 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $102,487.32. Following the sale, the general counsel now directly owns 54,927 shares of the company's stock, valued at approximately $1,206,196.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel William Moore sold 1,972 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $43,305.12. Following the sale, the insider now directly owns 37,280 shares of the company's stock, valued at $818,668.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock worth $481,000 in the last ninety days. 12.28% of the stock is owned by company insiders.

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.