Foundations Investment Advisors LLC Invests $878,000 in GameStop Corp. (NYSE:GME)

Foundations Investment Advisors LLC purchased a new position in shares of GameStop Corp. (NYSE:GME) during the 4th quarter, Holdings Channel.com reports. The fund purchased 28,008 shares of the company’s stock, valued at approximately $878,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GME. American Century Companies Inc. acquired a new stake in shares of GameStop during the second quarter worth $207,000. Sei Investments Co. lifted its stake in shares of GameStop by 18.5% in the second quarter. Sei Investments Co. now owns 14,081 shares of the company’s stock worth $348,000 after acquiring an additional 2,202 shares during the period. Millennium Management LLC boosted its stake in shares of GameStop by 226.6% in the 2nd quarter. Millennium Management LLC now owns 123,800 shares of the company’s stock valued at $3,057,000 after purchasing an additional 85,893 shares during the last quarter. Algert Global LLC bought a new stake in GameStop during the second quarter worth $1,003,000. Finally, Handelsbanken Fonder AB raised its stake in shares of GameStop by 21.0% in the third quarter. Handelsbanken Fonder AB now owns 80,000 shares of the company’s stock valued at $1,834,000 after buying an additional 13,900 shares during the period. 29.21% of the stock is owned by institutional investors.

GameStop Trading Up 0.1 %

Shares of GME stock opened at $27.50 on Thursday. The stock has a 50 day moving average of $29.56 and a 200 day moving average of $25.08. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83. The stock has a market cap of $12.28 billion, a P/E ratio of 152.76 and a beta of -0.02.

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

Insider Buying and Selling at GameStop

In other GameStop news, insider Daniel William Moore sold 895 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $27,807.65. Following the transaction, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. This represents a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Mark Haymond Robinson sold 1,577 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 value of $48,997.39. Following the sale, the general counsel now owns 42,350 shares of the company’s stock, valued at approximately $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GME has been the topic of several recent research reports. Wedbush reaffirmed an “underperform” rating and set a $10.00 target price on shares of GameStop in a report on Friday, December 6th. StockNews.com upgraded GameStop to a “sell” rating in a research report on Saturday, October 19th.

GameStop Company 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.