Public Employees Retirement System of Ohio Raises Stock Position in GameStop Corp. (NYSE:GME)

Public Employees Retirement System of Ohio increased its holdings in GameStop Corp. (NYSE:GME - Free Report) by 25.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,383 shares of the company's stock after purchasing an additional 28,699 shares during the period. Public Employees Retirement System of Ohio's holdings in GameStop were worth $3,242,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company's stock valued at $26,000 after buying an additional 959 shares during the period. Centerpoint Advisors LLC bought a new stake in shares of GameStop during the 2nd quarter valued at about $47,000. CWM LLC boosted its stake in shares of GameStop by 115.6% during the 2nd quarter. CWM LLC now owns 2,660 shares of the company's stock valued at $66,000 after purchasing an additional 1,426 shares in the last quarter. Quest Partners LLC boosted its stake in shares of 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 in the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of GameStop during the 3rd quarter valued at about $171,000. Hedge funds and other institutional investors own 29.21% of the company's stock.

GameStop Price Performance

NYSE:GME traded up $1.85 during mid-day trading on Tuesday, hitting $31.29. 19,886,776 shares of the company's stock were exchanged, compared to its average volume of 18,996,260. The company has a market cap of $13.98 billion, a PE ratio of 173.83 and a beta of -0.11. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83. The business has a fifty day moving average price of $25.34 and a 200 day moving average price of $24.31.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.09. The company had revenue of $860.30 million during the quarter, compared to analyst estimates of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm's revenue for the quarter was down 20.2% compared to the same quarter last year. On average, equities analysts forecast that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

GME has been the topic of a number of research reports. Wedbush reaffirmed an "underperform" rating and set a $10.00 target price on shares of GameStop in a research note on Friday, December 6th. StockNews.com raised shares of GameStop to a "sell" rating in a research note on Saturday, October 19th.

Insider Buying and Selling

In related news, insider Daniel William Moore sold 2,624 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $21.00, for a total value of $55,104.00. Following the completion of the transaction, the insider now directly owns 32,280 shares of the company's stock, valued at $677,880. This trade represents a 7.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 11,000 shares of GameStop stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $20.82, for a total transaction of $229,020.00. Following the transaction, the general counsel now directly owns 43,927 shares of the company's stock, valued at approximately $914,560.14. This trade represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,639 shares of company stock worth $481,000. 12.28% of the stock is owned by insiders.

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.