LSV Asset Management lowered its holdings in shares of GameStop Corp. (NYSE:GME) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,817,210 shares of the company’s stock after selling 77,900 shares during the quarter. LSV Asset Management owned approximately 2.78% of GameStop worth $50,568,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of GME. Macquarie Group Ltd. acquired a new stake in GameStop during the third quarter worth $112,000. State of Alaska Department of Revenue acquired a new stake in GameStop during the fourth quarter worth $104,000. Unison Advisors LLC acquired a new stake in GameStop during the fourth quarter worth $198,000. Atria Investments LLC acquired a new stake in GameStop during the fourth quarter worth $218,000. Finally, Meridian Wealth Management LLC acquired a new stake in GameStop during the third quarter worth $276,000.
In related news, Director Stephanie M. Shern sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the sale, the director now owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by insiders.
GameStop Corp. (GME) traded down $0.07 during midday trading on Tuesday, reaching $15.73. The company’s stock had a trading volume of 801,611 shares, compared to its average volume of 4,083,022. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38. GameStop Corp. has a 52 week low of $15.10 and a 52 week high of $26.68. The firm has a market cap of $1,638.09, a PE ratio of 4.53, a price-to-earnings-growth ratio of 0.32 and a beta of 1.25.
GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ 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 return on equity of 16.50% and a net margin of 3.98%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS. research analysts predict that GameStop Corp. will post 3.23 earnings per share for the current year.
A number of research analysts recently issued reports on GME shares. Zacks Investment Research upgraded GameStop from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, October 25th. Credit Suisse Group set a $20.00 target price on GameStop and gave the company a “hold” rating in a report on Saturday, November 25th. Wedbush set a $25.00 price target on GameStop and gave the stock a “buy” rating in a report on Thursday, November 16th. Benchmark reaffirmed a “sell” rating and set a $15.00 price target (down from $18.00) on shares of GameStop in a report on Wednesday, November 22nd. Finally, Loop Capital set a $26.00 target price on GameStop and gave the stock a “buy” rating in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.23.
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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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