GameStop Corp. (NYSE:GME) Shares Bought by Algert Global LLC

Algert Global LLC lifted its stake in shares of GameStop Corp. (NYSE:GME) by 270.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,526 shares of the company’s stock after purchasing an additional 109,900 shares during the period. Algert Global LLC’s holdings in GameStop were worth $3,452,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GME. Russell Investments Group Ltd. lifted its stake in GameStop by 147.2% during the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock valued at $65,000 after buying an additional 3,025 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in GameStop by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 194,764 shares of the company’s stock worth $2,438,000 after purchasing an additional 5,411 shares during the period. Price T Rowe Associates Inc. MD grew its position in GameStop by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 180,643 shares of the company’s stock worth $2,262,000 after purchasing an additional 6,072 shares in the last quarter. Tidal Investments LLC raised its stake in GameStop by 659.6% during the 1st quarter. Tidal Investments LLC now owns 139,723 shares of the company’s stock valued at $1,749,000 after purchasing an additional 121,328 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of GameStop in the first quarter valued at $806,000. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop Trading Up 6.4 %

NYSE GME opened at $29.68 on Tuesday. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The firm’s fifty day simple moving average is $22.97 and its 200-day simple moving average is $23.87. The company has a market capitalization of $12.66 billion, a PE ratio of 228.33 and a beta of -0.13.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $798.30 million for the quarter, compared to analyst estimates of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The business’s revenue was down 31.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS. As a group, analysts predict that GameStop Corp. will post 0.01 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GME shares. StockNews.com raised GameStop to a “sell” rating in a research note on Saturday, October 19th. Wedbush decreased their price target on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday, September 11th.

Insider Buying and Selling at GameStop

In related news, insider Daniel William Moore sold 2,376 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $21.50, for a total value of $51,084.00. Following the transaction, the insider now directly owns 34,904 shares in the company, valued at approximately $750,436. This trade represents a 6.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Mark Haymond Robinson sold 4,667 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $102,487.32. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock worth $481,000 over the last three months. Corporate insiders own 12.28% of the company’s stock.

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.