1 week Ago By ABMN Staff
Norges Bank purchased a new position in shares of GameStop Corp. ( NYSE:GME – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 64,188 shares of the company’s stock, valued at approximately $2,012,000.
Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in GameStop by 3.
1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company’s stock valued at $113,146,000 after buying an additional 107,354 shares during the period.
Foundations Investment Advisors LLC acquired a new stake in shares of GameStop during the fourth quarter valued at about $878,000. Retirement Systems of Alabama raised its stake in shares of GameStop by 41.7% in the 3rd quarter.
Retirement Systems of Alabama now owns 471,156 shares of the company’s stock valued at $10,804,000 after acquiring an additional 138,597 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of GameStop by 2.4% in the 4th quarter.
Bank of New York Mellon Corp now owns 2,565,455 shares of the company’s stock worth $80,401,000 after acquiring an additional 60,673 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of GameStop by 5.5% during the 4th quarter.
Swiss National Bank now owns 834,228 shares of the company’s stock worth $26,145,000 after purchasing an additional 43,700 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.
Wall Street Analysts Forecast Growth A number of analysts have issued reports on GME shares. StockNews.com raised GameStop from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th.
Wedbush set a $11.50 price objective on GameStop in a research note on Wednesday, March 26th. Insider Activity at GameStop In other news, Director Lawrence Cheng acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd.
The stock was acquired at an average cost of $21.54 per share, with a total value of $107,700.00.
Following the transaction, the director now owns 83,000 shares in the company, valued at approximately $1,787,820. This trade represents a 6.41 % increase in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, Director Alain Attal bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average cost of $25.
75 per share, for a total transaction of $257,500.00. Following the acquisition, the director now directly owns 572,464 shares of the company’s stock, valued at $14,740,948.
The trade was a 1.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Over the last three months, insiders purchased 515,000 shares of company stock worth $11,140,200. Company insiders own 12.28% of the company’s stock.
GameStop Stock Performance Shares of GME opened at $26.34 on Friday. The company’s 50-day simple moving average is $24.
51 and its 200-day simple moving average is $25.86. GameStop Corp.
has a 1 year low of $9.95 and a 1 year high of $64.83.
The stock has a market capitalization of $11.78 billion, a PE ratio of 146.35 and a beta of -0.
44. GameStop ( NYSE:GME – Get Free Report ) last released its earnings results on Tuesday, March 25th. The company reported $0.
30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21.
The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion.
GameStop had a net margin of 1.45% and a return on equity of 2.11%.
The firm’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.
21 EPS. On average, sell-side analysts predict that GameStop Corp. will post 0.
08 earnings per share for the current year. About GameStop ( Free Report ) 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. Featured Stories Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter .
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