GameStop Corp. (NYSE:GME) Stock Holdings Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in GameStop Corp. (NYSE:GME - Free Report) by 75.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,046 shares of the company's stock after selling 624,527 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of GameStop worth $4,964,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in GameStop by 43.2% in the second quarter. Federated Hermes Inc. now owns 28,360 shares of the company's stock worth $700,000 after acquiring an additional 8,552 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of GameStop in the 2nd quarter worth approximately $207,000. Quest Partners LLC boosted its position in GameStop by 7,156.5% during the 2nd quarter. Quest Partners LLC now owns 6,168 shares of the company's stock valued at $152,000 after purchasing an additional 6,083 shares during the period. Arizona State Retirement System grew its stake in GameStop by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 77,067 shares of the company's stock worth $1,903,000 after buying an additional 1,501 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in GameStop by 9.0% in the second quarter. Victory Capital Management Inc. now owns 61,233 shares of the company's stock worth $1,512,000 after buying an additional 5,060 shares during the period. 29.21% of the stock is currently owned by institutional investors.

GameStop Price Performance

Shares of GME traded up $0.41 during trading hours on Thursday, reaching $20.91. 4,166,458 shares of the company's stock traded hands, compared to its average volume of 20,879,938. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 260.38 and a beta of -0.19. The business's fifty day simple moving average is $21.75 and its two-hundred day simple moving average is $21.13. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83.

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

Insiders Place Their Bets

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 stock was sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the transaction, the general counsel now owns 54,927 shares of the company's stock, valued at $1,206,196.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Daniel William Moore sold 1,972 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 $43,305.12. Following the completion of the sale, the insider now owns 37,280 shares in the company, valued at approximately $818,668.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 4,667 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of GameStop to a "sell" rating in a report on Wednesday, September 25th. Wedbush cut their price objective on shares of GameStop from $11.00 to $10.00 and set an "underperform" rating on the stock in a research report on Wednesday, September 11th.

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.