Retirement Systems of Alabama Acquires 22,899 Shares of GameStop Corp. (NYSE:GME)

Retirement Systems of Alabama boosted its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 494,055 shares of the company's stock after buying an additional 22,899 shares during the period. Retirement Systems of Alabama owned approximately 0.11% of GameStop worth $15,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GME. UMB Bank n.a. grew its stake in GameStop by 535.8% in the third quarter. UMB Bank n.a. now owns 1,138 shares of the company's stock valued at $26,000 after purchasing an additional 959 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in GameStop in the fourth quarter valued at about $37,000. R Squared Ltd purchased a new position in GameStop in the fourth quarter valued at about $51,000. CWM LLC grew its stake in GameStop by 19.9% in the third quarter. CWM LLC now owns 3,189 shares of the company's stock valued at $73,000 after purchasing an additional 529 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in GameStop by 65.8% in the fourth quarter. GAMMA Investing LLC now owns 3,564 shares of the company's stock valued at $112,000 after purchasing an additional 1,414 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GME has been the subject of several recent analyst reports. Wedbush reiterated an "underperform" rating and set a $10.00 price target on shares of GameStop in a research note on Friday, December 6th. StockNews.com upgraded GameStop to a "sell" rating in a research note on Saturday, October 19th.

Insider Buying and Selling at GameStop

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the transaction, the general counsel now directly owns 42,350 shares of the company's stock, valued at approximately $1,315,814.50. This represents a 3.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel William Moore sold 895 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the transaction, the insider now directly owns 31,385 shares of the company's stock, valued at approximately $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

GameStop Stock Performance

Shares of GME traded down $0.60 during trading hours on Tuesday, hitting $26.53. 7,021,505 shares of the company were exchanged, compared to its average volume of 6,418,835. The company has a market cap of $11.85 billion, a PE ratio of 147.37 and a beta of -0.11. The firm's 50 day moving average is $29.03 and its 200-day moving average is $25.10. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.09. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $860.30 million during the quarter, compared to analysts' expectations of $887.68 million. The business's quarterly revenue was down 20.2% compared to the same quarter last year. As a group, equities analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

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.