Christensen King & Associates Investment Services Inc. Acquires 518 Shares of GameStop Corp. (NYSE:GME)

Christensen King & Associates Investment Services Inc. boosted its holdings in GameStop Corp. (NYSE:GME) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,397 shares of the company’s stock after buying an additional 518 shares during the quarter. Christensen King & Associates Investment Services Inc.’s holdings in GameStop were worth $853,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GME. UMB Bank n.a. raised 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 buying an additional 959 shares during the last quarter. CWM LLC lifted its stake in shares of GameStop by 19.9% in the third quarter. CWM LLC now owns 3,189 shares of the company’s stock worth $73,000 after acquiring an additional 529 shares during the period. GAMMA Investing LLC increased its position in GameStop by 65.8% during the 4th quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock valued at $112,000 after purchasing an additional 1,414 shares during the period. Quest Partners LLC lifted its position in shares of GameStop by 7,156.5% in the 2nd quarter. Quest Partners LLC now owns 6,168 shares of the company’s stock worth $152,000 after purchasing an additional 6,083 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of GameStop during the third quarter worth $171,000. Institutional investors own 29.21% of the company’s stock.

Insider Buying and Selling at GameStop

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the transaction, the general counsel now owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel William Moore sold 895 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the completion of the transaction, the insider now owns 31,385 shares of the company’s stock, valued at $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. Insiders own 12.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GME shares. Wedbush reissued an “underperform” rating and issued a $10.00 price objective on shares of GameStop in a research report on Friday, December 6th. StockNews.com raised shares of GameStop to a “sell” rating in a research note on Saturday, October 19th.

GameStop Stock Down 3.5 %

GameStop stock opened at $31.17 on Tuesday. The stock has a market cap of $13.93 billion, a P/E ratio of 173.18 and a beta of -0.02. The company’s 50 day moving average price is $29.14 and its two-hundred day moving average price is $24.85. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.09. The business had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. On average, equities analysts anticipate that GameStop Corp. will post 0.08 EPS for the current year.

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.