GameStop Corp. $GME Stock Holdings Lessened by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of GameStop Corp. (NYSE:GME) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,026 shares of the company’s stock after selling 23,331 shares during the quarter. Intech Investment Management LLC’s holdings in GameStop were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in GameStop by 308.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock valued at $26,000 after acquiring an additional 732 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in GameStop by 226.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after acquiring an additional 886 shares in the last quarter. Advisory Services Network LLC bought a new position in GameStop during the third quarter valued at approximately $39,000. Bessemer Group Inc. raised its position in shares of GameStop by 39.2% in the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company’s stock valued at $46,000 after purchasing an additional 471 shares during the period. Finally, Eastern Bank bought a new position in shares of GameStop in the fourth quarter valued at approximately $74,000. Institutional investors own 29.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $13.50.

Insiders Place Their Bets

In other GameStop news, insider Daniel William Moore sold 7,210 shares of GameStop stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total transaction of $165,397.40. Following the sale, the insider owned 101,014 shares in the company, valued at $2,317,261.16. The trade was a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Mark Haymond Robinson sold 3,912 shares of GameStop stock in a transaction on Monday, April 13th. The stock was sold at an average price of $23.19, for a total transaction of $90,719.28. Following the sale, the general counsel owned 115,230 shares in the company, valued at $2,672,183.70. This represents a 3.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,331 shares of company stock worth $421,491 in the last quarter. Corporate insiders own 9.50% of the company’s stock.

GameStop Trading Down 2.2%

Shares of GameStop stock opened at $21.79 on Friday. The company’s fifty day simple moving average is $23.16 and its 200-day simple moving average is $22.83. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 16.51 and a beta of 1.77. The company has a current ratio of 15.30, a quick ratio of 14.68 and a debt-to-equity ratio of 0.76. GameStop Corp. has a 1 year low of $19.93 and a 1 year high of $30.60.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. GameStop had a net margin of 20.45% and a return on equity of 14.10%. The business had revenue of $835.30 million for the quarter, compared to the consensus estimate of $766.64 million. During the same quarter last year, the company posted $0.17 earnings per share. GameStop’s quarterly revenue was up 14.0% on a year-over-year basis.

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.