Nwam LLC Buys Shares of 28,452 GameStop Corp. (NYSE:GME)

Nwam LLC purchased a new position in GameStop Corp. (NYSE:GME - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,452 shares of the company's stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GME. UMB Bank n.a. raised its holdings in GameStop by 535.8% in the 3rd 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 raised its holdings in GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock worth $33,000 after purchasing an additional 396 shares during the period. Centerpoint Advisors LLC bought a new position in GameStop in the 2nd quarter worth $47,000. GAMMA Investing LLC raised its holdings in GameStop by 32.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock worth $51,000 after purchasing an additional 511 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in GameStop by 147.2% in the 1st quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company's stock worth $65,000 after purchasing an additional 3,025 shares during the period. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at GameStop

In related news, General Counsel Mark Haymond Robinson sold 11,000 shares of GameStop stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $20.82, for a total value of $229,020.00. Following the completion of the transaction, the general counsel now owns 43,927 shares in the company, valued at approximately $914,560.14. This trade represents a 20.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 1,972 shares of GameStop stock in a transaction dated Wednesday, October 2nd. The stock was 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 of the company's stock, valued at approximately $818,668.80. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,639 shares of company stock valued at $481,000. 12.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on GME shares. StockNews.com raised GameStop to a "sell" rating in a report on Saturday, October 19th. Wedbush decreased their price target on GameStop from $11.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, September 11th.

GameStop Stock Up 0.3 %

NYSE:GME traded up $0.08 on Friday, reaching $27.90. 7,975,658 shares of the company's stock traded hands, compared to its average volume of 11,883,379. The stock has a 50-day simple moving average of $22.78 and a 200-day simple moving average of $23.73. The firm has a market cap of $11.90 billion, a PE ratio of 214.63 and a beta of -0.13. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83.

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

GameStop 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.