23,356 Shares in GameStop Corp. (NYSE:GME) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in GameStop Corp. (NYSE:GME - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,356 shares of the company's stock, valued at approximately $732,000.

Other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc boosted its stake in GameStop by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 9,381 shares of the company's stock valued at $294,000 after acquiring an additional 502 shares in the last quarter. Christensen King & Associates Investment Services Inc. lifted its holdings in shares of GameStop by 1.9% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company's stock valued at $853,000 after purchasing an additional 518 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of GameStop by 2.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company's stock valued at $575,000 after purchasing an additional 523 shares during the period. Securian Asset Management Inc. grew its stake in GameStop by 1.8% during the 4th quarter. Securian Asset Management Inc. now owns 30,717 shares of the company's stock worth $963,000 after buying an additional 557 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in GameStop by 11.1% during the fourth quarter. Fifth Third Bancorp now owns 5,648 shares of the company's stock worth $177,000 after buying an additional 566 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GameStop

In other GameStop news, insider Daniel William Moore sold 895 shares of GameStop 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 sale, the insider now owns 31,385 shares of the company's stock, valued at approximately $975,131.95. The trade was a 2.77 % decrease in their position. The sale 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 the business's 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 transaction, the general counsel now owns 42,350 shares in the company, valued at $1,315,814.50. The trade was a 3.59 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by insiders.

GameStop Trading Down 6.9 %

Shares of GME traded down $1.57 during mid-day trading on Thursday, hitting $21.12. 10,982,571 shares of the company's stock were exchanged, compared to its average volume of 20,090,218. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The business's 50 day moving average is $24.92 and its two-hundred day moving average is $25.67. The firm has a market capitalization of $9.44 billion, a P/E ratio of 117.33 and a beta of -0.29.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GME shares. StockNews.com raised GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush set a $11.50 price target on shares of GameStop in a research report on Wednesday, March 26th.

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.