GameStop Corp. (NYSE:GME) Stake Lowered by AlphaQuest LLC

AlphaQuest LLC cut its stake in shares of GameStop Corp. (NYSE:GME) by 91.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,419 shares of the company’s stock after selling 14,760 shares during the quarter. AlphaQuest LLC’s holdings in GameStop were worth $44,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GME. Victory Capital Management Inc. grew its holdings in shares of GameStop by 19.2% during the third quarter. Victory Capital Management Inc. now owns 72,982 shares of the company’s stock valued at $1,673,000 after purchasing an additional 11,749 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of GameStop by 35.9% during the third quarter. Mutual of America Capital Management LLC now owns 209,616 shares of the company’s stock worth $4,806,000 after buying an additional 55,346 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of GameStop by 40.0% during the third quarter. Thrivent Financial for Lutherans now owns 91,868 shares of the company’s stock worth $2,107,000 after buying an additional 26,259 shares during the period. Swiss National Bank boosted its position in shares of GameStop by 46.0% during the third 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, Quest Partners LLC boosted its position in shares of GameStop by 162.3% during the third quarter. Quest Partners LLC now owns 16,179 shares of the company’s stock worth $371,000 after buying an additional 10,011 shares during the period. 29.21% of the stock is owned by institutional investors.

GameStop Stock Performance

NYSE GME opened at $23.53 on Friday. The stock has a market capitalization of $10.51 billion, a P/E ratio of 130.70 and a beta of -0.29. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83. The business’s fifty day moving average is $25.90 and its two-hundred day moving average is $25.58.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the sale, the general counsel now directly owns 42,350 shares of the company’s stock, valued at $1,315,814.50. The trade was a 3.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel William Moore sold 895 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $27,807.65. Following the sale, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wedbush restated 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.