GAMMA Investing LLC Grows Position in GameStop Corp. (NYSE:GME)

GAMMA Investing LLC increased its position in GameStop Corp. (NYSE:GME) by 65.8% in the fourth quarter, HoldingsChannel reports. The firm owned 3,564 shares of the company’s stock after purchasing an additional 1,414 shares during the quarter. GAMMA Investing LLC’s holdings in GameStop were worth $112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of GameStop by 19.9% in 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 during the period. UMB Bank n.a. lifted its stake in shares of GameStop by 535.8% in the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after purchasing an additional 959 shares during the period. United Services Automobile Association lifted its stake in shares of GameStop by 4.6% in the 3rd quarter. United Services Automobile Association now owns 22,500 shares of the company’s stock valued at $516,000 after purchasing an additional 999 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of GameStop by 6.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company’s stock valued at $408,000 after purchasing an additional 1,085 shares during the period. Finally, Sei Investments Co. raised its stake in GameStop by 18.5% during the second quarter. Sei Investments Co. now owns 14,081 shares of the company’s stock valued at $348,000 after buying an additional 2,202 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insiders Place Their Bets

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop 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 sale, the general counsel now owns 42,350 shares of the company’s stock, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel William Moore sold 895 shares of GameStop stock in a transaction 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 sale, the insider now directly owns 31,385 shares of the company’s stock, valued at $975,131.95. The trade was a 2.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

GameStop Trading Down 2.0 %

Shares of NYSE:GME opened at $32.31 on Friday. The stock has a fifty day simple moving average of $28.96 and a two-hundred day simple moving average of $24.80. The stock has a market capitalization of $14.44 billion, a price-to-earnings ratio of 179.51 and a beta of -0.02. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. The business had revenue of $860.30 million during the quarter, compared to analyst estimates of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The company’s revenue was down 20.2% on a year-over-year basis. As a group, equities research analysts predict that GameStop Corp. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

GME has been the subject of a number of recent research reports. StockNews.com upgraded GameStop to a “sell” rating in a research note on Saturday, October 19th. Wedbush reiterated an “underperform” rating and set a $10.00 price objective on shares of GameStop in a research note 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.