27,763 Shares in GameStop Corp. (NYSE:GME) Purchased by SLT Holdings LLC

SLT Holdings LLC acquired a new position in shares of GameStop Corp. (NYSE:GME - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,763 shares of the company's stock, valued at approximately $870,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GME. Amalgamated Bank lifted its holdings in GameStop by 35.1% in the 3rd quarter. Amalgamated Bank now owns 184,258 shares of the company's stock valued at $4,225,000 after purchasing an additional 47,894 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of GameStop by 6.5% in the third quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company's stock valued at $408,000 after buying an additional 1,085 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of GameStop by 47.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 152,991 shares of the company's stock valued at $3,508,000 after buying an additional 49,460 shares during the period. Victory Capital Management Inc. boosted its position in GameStop by 19.2% during the third quarter. Victory Capital Management Inc. now owns 72,982 shares of the company's stock worth $1,673,000 after acquiring an additional 11,749 shares during the last quarter. Finally, KBC Group NV grew its stake in GameStop by 58.5% in the 3rd quarter. KBC Group NV now owns 11,214 shares of the company's stock worth $257,000 after acquiring an additional 4,140 shares during the period. Hedge funds and other institutional investors own 29.21% of the company's stock.

Insider Buying and Selling at GameStop

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

Remove Ads

GameStop Price Performance

NYSE:GME traded up $0.21 during mid-day trading on Tuesday, reaching $22.63. The company's stock had a trading volume of 4,134,760 shares, compared to its average volume of 19,321,615. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83. The company's fifty day simple moving average is $27.36 and its two-hundred day simple moving average is $25.56. The stock has a market cap of $10.11 billion, a P/E ratio of 125.73 and a beta of -0.29.

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

Analyst Ratings Changes

Separately, Wedbush reissued an "underperform" rating and set a $10.00 price target on shares of GameStop in a research note on Friday, December 6th.

About GameStop

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.