Y Intercept Hong Kong Ltd Grows Position in GameStop Corp. (NYSE:GME)

Y Intercept Hong Kong Ltd lifted its position in shares of GameStop Corp. (NYSE:GME - Free Report) by 43.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,410 shares of the company's stock after buying an additional 31,104 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in GameStop were worth $3,210,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in GameStop by 22.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company's stock worth $80,322,000 after buying an additional 646,488 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of GameStop in the 4th quarter valued at $878,000. Swiss National Bank raised its position in shares of GameStop by 46.0% in the 3rd quarter. Swiss National Bank now owns 790,528 shares of the company's stock worth $18,127,000 after acquiring an additional 249,100 shares in the last quarter. Algert Global LLC lifted its stake in shares of GameStop by 270.5% during the 3rd quarter. Algert Global LLC now owns 150,526 shares of the company's stock worth $3,452,000 after purchasing an additional 109,900 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in GameStop by 41.7% during the third quarter. Retirement Systems of Alabama now owns 471,156 shares of the company's stock valued at $10,804,000 after purchasing an additional 138,597 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.

Insider Transactions at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of the firm's stock in a transaction 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 owns 42,350 shares in the company, valued at $1,315,814.50. This trade represents a 3.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel William Moore sold 895 shares of the stock in a transaction dated Friday, January 3rd. The shares were 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 $975,131.95. This represents 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

GME traded up $0.59 during trading on Friday, hitting $25.07. The stock had a trading volume of 4,120,043 shares, compared to its average volume of 6,302,118. The stock has a 50 day simple moving average of $28.38 and a two-hundred day simple moving average of $25.42. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83. The company has a market capitalization of $11.20 billion, a PE ratio of 139.26 and a beta of -0.11.

GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, beating 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 firm had revenue of $860.30 million during the quarter, compared to analyst estimates of $887.68 million. The company's quarterly revenue was down 20.2% on a year-over-year basis. On average, equities research analysts anticipate that GameStop Corp. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush reiterated an "underperform" rating and issued a $10.00 target price on shares of GameStop in a report on Friday, December 6th.

GameStop Company 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.