Van ECK Associates Corp Decreases Holdings in GameStop Corp. (NYSE:GME)

Van ECK Associates Corp lowered its position in GameStop Corp. (NYSE:GME - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,429,345 shares of the company's stock after selling 396,492 shares during the period. Van ECK Associates Corp owned approximately 0.32% of GameStop worth $44,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. New Wave Wealth Advisors LLC purchased a new stake in shares of GameStop in the fourth quarter worth about $37,000. R Squared Ltd purchased a new stake in GameStop in the 4th quarter worth approximately $51,000. UMB Bank n.a. grew its stake in shares of GameStop by 59.9% during the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock worth $57,000 after purchasing an additional 682 shares during the period. CWM LLC increased its holdings in shares of GameStop by 19.9% during the 3rd 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 position in shares of GameStop by 65.8% during the 4th quarter. GAMMA Investing LLC now owns 3,564 shares of the company's stock valued at $112,000 after acquiring an additional 1,414 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop Stock Up 3.2 %

Shares of GameStop stock traded up $0.84 during mid-day trading on Monday, reaching $27.18. 12,071,023 shares of the stock traded hands, compared to its average volume of 5,273,107. The stock has a market capitalization of $12.14 billion, a PE ratio of 151.01 and a beta of -0.11. The business has a 50-day moving average of $28.91 and a 200 day moving average of $25.20. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, 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 in the company, valued at approximately $975,131.95. This represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the sale, the general counsel now owns 42,350 shares in the company, valued at $1,315,814.50. This represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.

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.