Nisa Investment Advisors LLC Has $266,000 Holdings in GameStop Corp. (NYSE:GME)

Nisa Investment Advisors LLC grew its position in shares of GameStop Corp. (NYSE:GME) by 133.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,482 shares of the company’s stock after buying an additional 4,842 shares during the quarter. Nisa Investment Advisors LLC’s holdings in GameStop were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position 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 acquiring an additional 646,488 shares in the last quarter. Swiss National Bank boosted its holdings in GameStop by 46.0% in the third quarter. Swiss National Bank now owns 790,528 shares of the company’s stock worth $18,127,000 after purchasing an additional 249,100 shares in the last quarter. Algert Global LLC increased its position in GameStop by 270.5% during the third quarter. Algert Global LLC now owns 150,526 shares of the company’s stock worth $3,452,000 after buying an additional 109,900 shares during the last quarter. Retirement Systems of Alabama raised its holdings 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 buying an additional 138,597 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of GameStop by 41.1% in the third quarter. MetLife Investment Management LLC now owns 200,234 shares of the company’s stock worth $4,591,000 after buying an additional 58,356 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

Insider Activity

In other GameStop news, insider Daniel William Moore sold 895 shares of the company’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 $27,807.65. Following the completion of the transaction, the insider now owns 31,385 shares of the company’s stock, valued at $975,131.95. This represents a 2.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Mark Haymond Robinson sold 1,577 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 $48,997.39. Following the sale, the general counsel now directly 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 owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GME. Wedbush reissued an “underperform” rating and set a $10.00 price objective on shares of GameStop in a report on Friday, December 6th. StockNews.com upgraded GameStop to a “sell” rating in a report on Saturday, October 19th.

GameStop Price Performance

GameStop stock opened at $27.50 on Thursday. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The firm has a fifty day moving average price of $29.56 and a two-hundred day moving average price of $25.08. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 152.76 and a beta of -0.02.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.09. The business had revenue of $860.30 million during the quarter, compared to analysts’ expectations of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business’s quarterly revenue was down 20.2% compared to the same quarter last year. As a group, sell-side analysts expect that GameStop Corp. will post 0.08 earnings per share for the current year.

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.