GameStop Corp. (NYSE:GME) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in GameStop Corp. (NYSE:GME - Free Report) by 34.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,347,136 shares of the company's stock after buying an additional 342,178 shares during the quarter. Renaissance Technologies LLC owned about 0.38% of GameStop worth $33,261,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GME. Texas Permanent School Fund Corp lifted its holdings in shares of GameStop by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 235,081 shares of the company's stock valued at $2,943,000 after buying an additional 3,459 shares during the period. Coatue Management LLC purchased a new stake in GameStop in the 4th quarter worth approximately $1,315,000. State of Michigan Retirement System boosted its position in GameStop by 2.5% in the 1st quarter. State of Michigan Retirement System now owns 66,000 shares of the company's stock worth $826,000 after purchasing an additional 1,600 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in GameStop by 2.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 194,764 shares of the company's stock valued at $2,438,000 after buying an additional 5,411 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of GameStop by 7.0% during the first quarter. BNP Paribas Financial Markets now owns 157,242 shares of the company's stock worth $1,969,000 after purchasing an additional 10,289 shares in the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at GameStop

In related news, Director Lawrence Cheng bought 4,140 shares of the firm's stock in a transaction that occurred on Monday, July 8th. The stock was purchased at an average cost of $24.85 per share, for a total transaction of $102,879.00. Following the completion of the acquisition, the director now owns 69,228 shares in the company, valued at approximately $1,720,315.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.28% of the company's stock.

GameStop Stock Up 0.3 %

NYSE:GME traded up $0.05 on Thursday, reaching $19.70. The company's stock had a trading volume of 1,643,253 shares, compared to its average volume of 21,690,289. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 245.13 and a beta of -0.17. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83. The stock has a 50 day moving average price of $22.81 and a 200 day moving average price of $20.37.

GameStop (NYSE:GME - Get Free Report) last posted 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. The firm had revenue of $798.30 million for the quarter, compared to analyst estimates of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. GameStop's revenue was down 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. Equities research analysts expect that GameStop Corp. will post 0.08 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.