GameStop Corp. $GME Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its position in GameStop Corp. (NYSE:GME) by 36.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,586 shares of the company’s stock after buying an additional 22,693 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in GameStop were worth $2,308,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. City Holding Co. acquired a new position in GameStop in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of GameStop by 226.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after purchasing an additional 886 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of GameStop in the 2nd quarter valued at $45,000. Hantz Financial Services Inc. grew its holdings in shares of GameStop by 1,523.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,127 shares of the company’s stock worth $52,000 after purchasing an additional 1,996 shares during the period. Finally, Rise Advisors LLC acquired a new stake in shares of GameStop during the 3rd quarter worth about $122,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 12,200 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $21.00, for a total transaction of $256,200.00. Following the sale, the general counsel directly owned 105,155 shares in the company, valued at $2,208,255. This represents a 10.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence Cheng purchased 5,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was acquired at an average cost of $22.87 per share, with a total value of $114,350.00. Following the transaction, the director directly owned 88,000 shares in the company, valued at $2,012,560. This trade represents a 6.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 517,000 shares of company stock valued at $10,925,150 and have sold 23,152 shares valued at $480,059. Company insiders own 8.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of GameStop from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, GameStop currently has a consensus rating of “Sell” and a consensus target price of $13.50.

GameStop Trading Down 3.4%

GME opened at $22.83 on Friday. GameStop Corp. has a 52 week low of $19.93 and a 52 week high of $35.81. The company has a quick ratio of 9.77, a current ratio of 10.39 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $21.82 and a 200-day simple moving average of $22.84. The firm has a market cap of $10.23 billion, a P/E ratio of 27.84 and a beta of -1.23.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. GameStop had a return on equity of 9.75% and a net margin of 11.08%.The firm had revenue of $821.00 million for the quarter, compared to the consensus estimate of $987.29 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities analysts expect that GameStop Corp. will post 0.08 earnings per share for the current year.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.