Janus Henderson Group PLC Purchases 54,900 Shares of GameStop Corp. (NYSE:GME)

Janus Henderson Group PLC raised its position in shares of GameStop Corp. (NYSE:GME) by 42.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,905 shares of the company’s stock after acquiring an additional 54,900 shares during the quarter. Janus Henderson Group PLC’s holdings in GameStop were worth $4,197,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of GameStop by 22.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after purchasing an additional 646,488 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of GameStop by 8.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company’s stock worth $41,866,000 after buying an additional 136,785 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of GameStop by 34.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock worth $33,261,000 after buying an additional 342,178 shares during the period. Swiss National Bank grew its position in shares of GameStop by 46.0% during the 3rd quarter. Swiss National Bank now owns 790,528 shares of the company’s stock worth $18,127,000 after buying an additional 249,100 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of GameStop by 16.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 728,686 shares of the company’s stock valued at $16,709,000 after acquiring an additional 100,430 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 4,667 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $102,487.32. Following the completion of the sale, the general counsel now directly owns 54,927 shares of the company’s stock, valued at approximately $1,206,196.92. This represents a 7.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 2,376 shares of GameStop stock in a transaction on Monday, October 7th. The stock was sold at an average price of $21.50, for a total transaction of $51,084.00. Following the transaction, the insider now directly owns 34,904 shares in the company, valued at $750,436. This represents a 6.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,639 shares of company stock valued at $481,000. 12.28% of the stock is owned by corporate insiders.

GameStop Stock Down 3.5 %

Shares of GME opened at $26.95 on Wednesday. The business’s fifty day moving average is $24.42 and its 200 day moving average is $23.99. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83. The stock has a market cap of $11.49 billion, a P/E ratio of 207.17 and a beta of -0.11.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. The firm had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. GameStop’s revenue for the quarter was down 20.2% compared to the same quarter last year. On average, analysts expect that GameStop Corp. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com upgraded shares of GameStop to a “sell” rating in a report on Saturday, October 19th. Wedbush reaffirmed an “underperform” rating and issued a $10.00 target price on shares of GameStop in a research 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.