Public Employees Retirement System of Ohio boosted its position in shares of GameStop Corp. (NYSE:GME) by 74.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,271 shares of the company’s stock after purchasing an additional 24,032 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of GameStop worth $1,163,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GME. Dimensional Fund Advisors LP grew its position in GameStop by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock worth $183,720,000 after purchasing an additional 2,353,774 shares in the last quarter. Numeric Investors LLC purchased a new position in shares of GameStop during the 2nd quarter valued at $34,679,000. Balyasny Asset Management LLC grew its holdings in shares of GameStop by 1,459.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock valued at $15,663,000 after acquiring an additional 678,335 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in shares of GameStop by 3,009.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 403,092 shares of the company’s stock valued at $8,318,000 after acquiring an additional 390,127 shares in the last quarter. Finally, Towle & Co. grew its holdings in shares of GameStop by 26.2% during the 3rd quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock valued at $30,811,000 after acquiring an additional 309,790 shares in the last quarter.
Several research firms have recently commented on GME. ValuEngine upgraded shares of GameStop from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating and set a $24.00 price target on shares of GameStop in a report on Tuesday, September 26th. Vetr upgraded shares of GameStop from a “buy” rating to a “strong-buy” rating and set a $33.36 price target on the stock in a report on Friday, September 15th. Zacks Investment Research upgraded shares of GameStop from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, October 25th. Finally, Loop Capital set a $28.00 price objective on shares of GameStop and gave the stock a “buy” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.63.
GameStop Corp. (GME) opened at $19.96 on Friday. The firm has a market cap of $2,020.00, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.38 and a beta of 1.26. 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 Corp. has a 52-week low of $15.85 and a 52-week high of $26.68.
GameStop (NYSE:GME) last released its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The firm had revenue of $1.99 billion during 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 business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. equities analysts expect that GameStop Corp. will post 3.32 earnings per share for the current year.
In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by insiders.
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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.
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