American International Group Inc. Sells 931 Shares of GameStop Corp. (NYSE:GME)


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American International Group Inc. decreased its holdings in shares of GameStop Corp. (NYSE:GME) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 38,295 shares of the company’s stock after selling 931 shares during the quarter. American International Group Inc.’s holdings in GameStop were worth $721,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in shares of GameStop by 0.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 34,674 shares of the company’s stock valued at $653,000 after buying an additional 326 shares in the last quarter. CWM LLC increased its position in shares of GameStop by 17.6% in the 4th quarter. CWM LLC now owns 2,251 shares of the company’s stock valued at $42,000 after buying an additional 337 shares in the last quarter. KBC Group NV bought a new stake in shares of GameStop in the 4th quarter valued at $33,000. Vantage Consulting Group Inc bought a new stake in shares of GameStop in the 4th quarter valued at $47,000. Finally, Aperio Group LLC increased its position in shares of GameStop by 4.0% in the 4th quarter. Aperio Group LLC now owns 76,097 shares of the company’s stock valued at $1,434,000 after buying an additional 2,932 shares in the last quarter.

In other news, Director Raul J. Fernandez sold 3,500 shares of the stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $37.71, for a total transaction of $131,985.00. Following the completion of the transaction, the director now directly owns 31,789 shares in the company, valued at approximately $1,198,763.19. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

A number of equities analysts recently weighed in on GME shares. Telsey Advisory Group reduced their target price on shares of GameStop from $33.00 to $30.00 and set an “underperform” rating for the company in a research note on Tuesday, March 30th. Wedbush reaffirmed an “underperform” rating and issued a $29.00 target price on shares of GameStop in a research note on Tuesday, March 30th. Zacks Investment Research lowered shares of GameStop from a “buy” rating to a “hold” rating and set a $203.00 target price for the company. in a research note on Friday, March 26th. Benchmark reduced their target price on shares of GameStop from $6.00 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, December 9th. Finally, Standpoint Research lowered shares of GameStop from a “buy” rating to a “hold” rating in a research note on Wednesday, January 13th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. GameStop currently has an average rating of “Hold” and an average price target of $37.06.

GameStop stock opened at $177.97 on Thursday. The firm has a 50-day moving average of $157.79 and a 200-day moving average of $64.28. GameStop Corp. has a one year low of $3.20 and a one year high of $483.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.50. The company has a market cap of $12.45 billion, a price-to-earnings ratio of -41.88 and a beta of 1.40.

GameStop (NYSE:GME) last posted its quarterly earnings data on Monday, March 22nd. The company reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.01). GameStop had a negative return on equity of 33.58% and a negative net margin of 5.32%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company earned $1.27 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, sell-side analysts expect that GameStop Corp. will post -2.07 earnings per share for the current year.

GameStop Profile

GameStop Corp. operates as a multichannel video game, consumer electronics, and collectibles retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, including controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned video game software; and in-game digital currency, digital downloadable content, and full-game downloads, as well as network points cards, and prepaid digital and prepaid subscription cards.

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Institutional Ownership by Quarter for GameStop (NYSE:GME)

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