GameStop Corp. (NYSE:GME) Stake Lifted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its stake in GameStop Corp. (NYSE:GME - Free Report) by 41.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,500 shares of the company's stock after acquiring an additional 31,300 shares during the quarter. Louisiana State Employees Retirement System's holdings in GameStop were worth $2,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. grew its stake 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 acquiring an additional 959 shares during the period. AlphaMark Advisors LLC increased its stake in GameStop by 41.7% in the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock valued at $33,000 after purchasing an additional 396 shares during the last quarter. Centerpoint Advisors LLC purchased a new position in GameStop during the second quarter worth about $47,000. GAMMA Investing LLC boosted its stake 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 buying an additional 511 shares during the last quarter. Finally, CWM LLC grew its holdings in GameStop by 115.6% in the 2nd quarter. CWM LLC now owns 2,660 shares of the company's stock valued at $66,000 after buying an additional 1,426 shares during the period. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GME. Wedbush decreased their target price 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. StockNews.com upgraded shares of GameStop to a "sell" rating in a report on Saturday, October 19th.

GameStop Stock Down 0.1 %

Shares of GME stock traded down $0.03 during mid-day trading on Tuesday, reaching $22.70. The company's stock had a trading volume of 9,527,348 shares, compared to its average volume of 19,915,838. The firm has a market capitalization of $7.97 billion, a PE ratio of 284.38 and a beta of -0.19. The company's 50 day simple moving average is $21.58 and its 200-day simple moving average is $22.01. 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 quarterly earnings data on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09. The company had revenue of $798.30 million for the quarter, compared to analysts' expectations of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The firm's quarterly revenue was down 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. As a group, research analysts anticipate that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Insider Transactions at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 4,667 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $102,487.32. Following the completion of the transaction, the general counsel now directly owns 54,927 shares of the company's stock, valued at $1,206,196.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other GameStop news, General Counsel Mark Haymond Robinson sold 4,667 shares of the company's stock in a transaction that occurred 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 transaction, the general counsel now directly owns 54,927 shares of the company's stock, valued at $1,206,196.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel William Moore sold 2,624 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $21.00, for a total transaction of $55,104.00. Following the sale, the insider now directly owns 32,280 shares of the company's stock, valued at $677,880. The trade was a 0.00 % 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. Corporate insiders own 12.28% of the company's stock.

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.