76,809 Shares in GameStop Corp. $GME Acquired by South Dakota Investment Council

South Dakota Investment Council bought a new position in shares of GameStop Corp. (NYSE:GME) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 76,809 shares of the company’s stock, valued at approximately $2,095,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GME. AQR Capital Management LLC increased its position in shares of GameStop by 312.2% during the first quarter. AQR Capital Management LLC now owns 29,438 shares of the company’s stock worth $623,000 after acquiring an additional 22,297 shares during the period. Goldman Sachs Group Inc. increased its holdings in GameStop by 33.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company’s stock worth $5,851,000 after purchasing an additional 65,325 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in GameStop by 9.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company’s stock worth $25,255,000 after purchasing an additional 94,892 shares during the period. Hantz Financial Services Inc. raised its position in GameStop by 1,523.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,127 shares of the company’s stock valued at $52,000 after purchasing an additional 1,996 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of GameStop by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 97,900 shares of the company’s stock valued at $2,388,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $13.50.

Insider Activity at GameStop

In related news, Director Lawrence Cheng purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were purchased at an average cost of $22.87 per share, for a total transaction of $114,350.00. Following the purchase, the director directly owned 88,000 shares of the company’s stock, valued at $2,012,560. The trade was a 6.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Cohen acquired 500,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was bought at an average price of $21.12 per share, with a total value of $10,560,000.00. Following the purchase, the chief executive officer directly owned 37,847,842 shares of the company’s stock, valued at $799,346,423.04. This represents a 1.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 517,000 shares of company stock valued at $10,925,150 and have sold 23,152 shares valued at $480,059. Company insiders own 8.58% of the company’s stock.

GameStop Stock Up 0.2%

Shares of NYSE GME opened at $23.86 on Thursday. The business has a 50-day moving average of $22.79 and a two-hundred day moving average of $23.03. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 29.10 and a beta of 2.12. GameStop Corp. has a 1 year low of $19.93 and a 1 year high of $35.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 10.39 and a quick ratio of 9.77.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $987.29 million. GameStop had a return on equity of 9.75% and a net margin of 11.08%.The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.