GameStop Corp. $GME Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in GameStop Corp. (NYSE:GME) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,112,535 shares of the company’s stock after purchasing an additional 180,356 shares during the period. Pacer Advisors Inc.’s holdings in GameStop were worth $22,340,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in GameStop by 312.2% in the 1st quarter. AQR Capital Management LLC now owns 29,438 shares of the company’s stock valued at $623,000 after buying an additional 22,297 shares during the period. Goldman Sachs Group Inc. grew its position in shares of GameStop by 33.2% in the first quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company’s stock valued at $5,851,000 after purchasing an additional 65,325 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in GameStop by 9.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company’s stock worth $25,255,000 after buying an additional 94,892 shares in the last quarter. American Century Companies Inc. increased its position in GameStop by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 35,473 shares of the company’s stock worth $865,000 after purchasing an additional 2,162 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after buying an additional 886 shares during the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Mark Haymond Robinson sold 7,209 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total value of $165,374.46. Following the completion of the sale, the general counsel owned 97,946 shares of the company’s stock, valued at $2,246,881.24. This represents a 6.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel William Moore sold 7,210 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total value of $165,397.40. Following the transaction, the insider directly owned 101,014 shares of the company’s stock, valued at approximately $2,317,261.16. The trade was a 6.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,331 shares of company stock worth $421,491 over the last three months. Corporate insiders own 9.50% of the company’s stock.

GameStop Stock Performance

GME stock opened at $21.44 on Friday. The firm has a market cap of $9.62 billion, a P/E ratio of 16.24 and a beta of 1.77. GameStop Corp. has a 12-month low of $19.93 and a 12-month high of $28.10. The stock’s 50 day simple moving average is $22.96 and its 200 day simple moving average is $22.90. The company has a current ratio of 12.40, a quick ratio of 11.91 and a debt-to-equity ratio of 0.71.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, June 2nd. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $835.30 million during the quarter, compared to the consensus estimate of $766.63 million. GameStop had a return on equity of 13.75% and a net margin of 20.45%.GameStop’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share.

Analyst Ratings Changes

A number of research analysts have recently commented on GME shares. Weiss Ratings raised shares of GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of GameStop from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

GameStop Profile

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.