Advantage Investment Management LLC Acquires 5,913 Shares of Gamestop Corporation (GME)

Advantage Investment Management LLC raised its position in Gamestop Corporation (NYSE:GME) by 18.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,220 shares of the company’s stock after purchasing an additional 5,913 shares during the quarter. Advantage Investment Management LLC’s holdings in Gamestop were worth $769,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. purchased a new stake in Gamestop in the 3rd quarter worth about $281,000. Convergence Investment Partners LLC purchased a new stake in Gamestop in the 3rd quarter worth about $4,432,000. Mackenzie Financial Corp purchased a new stake in Gamestop in the 3rd quarter worth about $1,185,000. OxFORD Asset Management LLP raised its position in Gamestop by 3,009.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 403,092 shares of the company’s stock worth $8,318,000 after purchasing an additional 390,127 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Gamestop by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,536,127 shares of the company’s stock worth $176,357,000 after purchasing an additional 34,512 shares during the period.

Shares of Gamestop Corporation (NYSE:GME) traded up $0.63 during trading hours on Tuesday, hitting $19.40. 4,361,300 shares of the stock were exchanged, compared to its average volume of 2,872,500. The stock has a market capitalization of $1,901.54, a price-to-earnings ratio of 5.07, a PEG ratio of 0.38 and a beta of 1.26. Gamestop Corporation has a fifty-two week low of $15.85 and a fifty-two week high of $26.84. The company has a current ratio of 1.20, a quick ratio of 0.38 and a debt-to-equity ratio of 0.35.

Gamestop (NYSE:GME) last issued its earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. Gamestop had a net margin of 3.98% and a return on equity of 16.50%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. sell-side analysts expect that Gamestop Corporation will post 3.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.84%. Gamestop’s dividend payout ratio is presently 44.31%.

In other news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $17.91, for a total transaction of $71,640.00. Following the transaction, the director now directly owns 13,474 shares in the company, valued at $241,319.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on GME. Zacks Investment Research lowered shares of Gamestop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Telsey Advisory Group lowered shares of Gamestop from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. Loop Capital reissued a “buy” rating and issued a $28.00 price objective on shares of Gamestop in a research report on Wednesday, November 22nd. Oppenheimer reissued a “hold” rating on shares of Gamestop in a research report on Friday, August 25th. Finally, Bank of America reissued a “hold” rating and issued a $23.00 price objective on shares of Gamestop in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.47.

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Gamestop Profile

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

Institutional Ownership by Quarter for Gamestop (NYSE:GME)

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