Centaurus Financial Inc. Makes New $171,000 Investment in GameStop Corp. (NYSE:GME)

Centaurus Financial Inc. bought a new stake in GameStop Corp. (NYSE:GME) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,472 shares of the company’s stock, valued at approximately $171,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in GameStop by 535.8% in the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after purchasing an additional 959 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in shares of GameStop by 41.7% in the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after buying an additional 396 shares in the last quarter. Centerpoint Advisors LLC acquired a new position in GameStop during the second quarter worth about $47,000. GAMMA Investing LLC grew its stake in GameStop by 32.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock valued at $51,000 after acquiring an additional 511 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in GameStop by 147.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock valued at $65,000 after acquiring an additional 3,025 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 4,667 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $102,487.32. Following the sale, the general counsel now owns 54,927 shares of the company’s stock, valued at $1,206,196.92. The trade was a 7.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel William Moore sold 2,624 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $21.00, for a total value of $55,104.00. Following the transaction, the insider now owns 32,280 shares of the company’s stock, valued at approximately $677,880. This represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock worth $481,000 over the last quarter. 12.28% of the stock is currently owned by company insiders.

GameStop Trading Up 1.8 %

GameStop stock opened at $30.89 on Thursday. The company has a 50-day moving average price of $23.40 and a 200 day moving average price of $24.01. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83. The stock has a market cap of $13.17 billion, a P/E ratio of 237.63 and a beta of -0.13.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com upgraded GameStop to a “sell” rating in a report on Saturday, October 19th. Wedbush lowered their price objective on GameStop from $11.00 to $10.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 11th.

GameStop 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.