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

Renaissance Technologies LLC lowered its stake in GameStop Corp. (NYSE:GME - Free Report) by 56.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 817,848 shares of the company's stock after selling 1,078,616 shares during the quarter. Renaissance Technologies LLC owned about 0.18% of GameStop worth $25,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GME. Shelton Capital Management lifted its position in shares of GameStop by 35.4% in the fourth quarter. Shelton Capital Management now owns 14,639 shares of the company's stock valued at $459,000 after acquiring an additional 3,825 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of GameStop by 2.8% in the 4th quarter. Legal & General Group Plc now owns 736,443 shares of the company's stock valued at $23,080,000 after acquiring an additional 19,729 shares during the last quarter. Invesco Ltd. increased its stake in GameStop by 6.1% during the fourth quarter. Invesco Ltd. now owns 585,757 shares of the company's stock worth $18,358,000 after acquiring an additional 33,596 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of GameStop by 42.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,722 shares of the company's stock valued at $179,000 after purchasing an additional 1,698 shares during the last quarter. Finally, Motley Fool Asset Management LLC purchased a new stake in GameStop during the 4th quarter valued at $206,000. 29.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Daniel William Moore sold 1,608 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total transaction of $36,228.24. Following the completion of the transaction, the insider now owns 29,777 shares of the company's stock, valued at $670,875.81. This trade represents a 5.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alain Attal purchased 10,000 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was bought at an average cost of $25.75 per share, with a total value of $257,500.00. Following the completion of the acquisition, the director now directly owns 572,464 shares of the company's stock, valued at $14,740,948. This trade represents a 1.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 515,000 shares of company stock worth $11,140,200 over the last 90 days. 12.28% of the stock is currently owned by corporate insiders.

GameStop Price Performance

Shares of NYSE:GME traded up $0.56 during trading hours on Thursday, hitting $26.81. The company's stock had a trading volume of 7,331,340 shares, compared to its average volume of 20,347,787. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 148.95 and a beta of -0.44. The firm's fifty day moving average price is $24.62 and its 200 day moving average price is $25.93. GameStop Corp. has a 52 week low of $10.01 and a 52 week high of $64.83.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.21. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The firm's revenue was down 28.5% on a year-over-year basis. On average, equities research analysts predict that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on GME. StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush set a $11.50 target price on shares of GameStop in a research note on Wednesday, March 26th.

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.