Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.97 Million Position in GameStop Corp. (NYSE:GME)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in GameStop Corp. (NYSE:GME) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,256 shares of the company’s stock after purchasing an additional 8,394 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in GameStop were worth $2,965,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in GameStop by 0.9% in the first quarter. Principal Financial Group Inc. now owns 1,002,037 shares of the company’s stock worth $23,067,000 after purchasing an additional 9,282 shares in the last quarter. Credit Suisse AG raised its position in shares of GameStop by 1.9% during the first quarter. Credit Suisse AG now owns 357,299 shares of the company’s stock worth $8,225,000 after acquiring an additional 6,661 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of GameStop during the second quarter worth $811,000. Handelsbanken Fonder AB raised its position in shares of GameStop by 11.4% during the second quarter. Handelsbanken Fonder AB now owns 49,000 shares of the company’s stock worth $1,188,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of GameStop by 9.7% during the first quarter. Van ECK Associates Corp now owns 1,169,758 shares of the company’s stock worth $26,927,000 after acquiring an additional 103,700 shares during the last quarter. Institutional investors and hedge funds own 39.46% of the company’s stock.

GameStop Trading Up 4.0 %

NYSE GME opened at $13.03 on Monday. The stock has a 50-day simple moving average of $14.91 and a 200 day simple moving average of $19.46. The company has a market capitalization of $3.98 billion, a PE ratio of -39.48 and a beta of -0.21. The company has a current ratio of 1.87, a quick ratio of 1.24 and a debt-to-equity ratio of 0.02. GameStop Corp. has a 12 month low of $11.82 and a 12 month high of $28.70.

GameStop (NYSE:GME) last released its quarterly earnings data on Wednesday, September 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.11. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. GameStop had a negative return on equity of 7.50% and a negative net margin of 1.72%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.35) earnings per share. Research analysts forecast that GameStop Corp. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GME shares. Wedbush dropped their target price on GameStop from $6.20 to $6.00 and set an “underperform” rating for the company in a research report on Thursday, September 7th. StockNews.com started coverage on GameStop in a research report on Thursday, October 5th. They set a “sell” rating for the company.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 11,966 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $15.48, for a total value of $185,233.68. Following the completion of the sale, the general counsel now owns 69,377 shares in the company, valued at $1,073,955.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other GameStop news, General Counsel Mark Haymond Robinson sold 11,966 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $15.48, for a total value of $185,233.68. Following the completion of the sale, the general counsel now directly owns 69,377 shares in the company, valued at $1,073,955.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence Cheng purchased 4,768 shares of the stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $17.64 per share, with a total value of $84,107.52. Following the completion of the acquisition, the director now directly owns 53,856 shares of the company’s stock, valued at $950,019.84. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 16,872 shares of company stock worth $260,835. 12.64% of the stock is owned by insiders.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.