Flinton Capital Management LLC decreased its stake in GameStop Corp. (NYSE:GME) by 45.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,008 shares of the company’s stock after selling 109,452 shares during the period. Flinton Capital Management LLC owned 0.13% of GameStop worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Elkfork Partners LLC acquired a new stake in GameStop during the fourth quarter worth approximately $1,890,000. Two Sigma Investments LP boosted its holdings in GameStop by 10.9% in the fourth quarter. Two Sigma Investments LP now owns 2,117,573 shares of the company’s stock worth $38,010,000 after acquiring an additional 207,860 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in GameStop by 7.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,860,939 shares of the company’s stock worth $33,404,000 after acquiring an additional 134,352 shares in the last quarter. Ellington Management Group LLC boosted its holdings in GameStop by 108.0% in the fourth quarter. Ellington Management Group LLC now owns 214,900 shares of the company’s stock worth $3,857,000 after acquiring an additional 111,600 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in GameStop by 64.4% in the fourth quarter. Guggenheim Capital LLC now owns 375,138 shares of the company’s stock worth $6,734,000 after acquiring an additional 146,894 shares in the last quarter.
A number of research firms have recently weighed in on GME. Loop Capital set a $26.00 target price on GameStop and gave the company a “buy” rating in a report on Friday, January 12th. Wedbush set a $23.00 target price on GameStop and gave the company a “buy” rating in a report on Monday, March 26th. ValuEngine lowered GameStop from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Telsey Advisory Group dropped their price target on GameStop from $19.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, March 29th. Finally, Robert W. Baird dropped their price target on GameStop from $23.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, March 29th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.33.
GameStop stock traded down $0.13 during midday trading on Friday, hitting $13.43. 4,238,278 shares of the company’s stock were exchanged, compared to its average volume of 5,606,440. The company has a quick ratio of 0.61, a current ratio of 1.33 and a debt-to-equity ratio of 0.37. GameStop Corp. has a 52-week low of $12.20 and a 52-week high of $25.31. The stock has a market cap of $1,373.69, a price-to-earnings ratio of 4.02, a PEG ratio of 0.29 and a beta of 1.30.
GameStop (NYSE:GME) last issued its quarterly earnings results on Wednesday, March 28th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.06. GameStop had a return on equity of 14.87% and a net margin of 0.38%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year. research analysts anticipate that GameStop Corp. will post 3.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Monday, March 5th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.32%. The ex-dividend date of this dividend was Friday, March 2nd. GameStop’s dividend payout ratio (DPR) is presently 45.51%.
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GameStop Company 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.
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