SG Americas Securities LLC Has $286,000 Stock Position in GameStop Corp. $GME

SG Americas Securities LLC lessened its stake in shares of GameStop Corp. (NYSE:GME) by 65.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,427 shares of the company’s stock after selling 24,026 shares during the period. SG Americas Securities LLC’s holdings in GameStop were worth $286,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Clear Street Group Inc. acquired a new position in shares of GameStop during the 3rd quarter worth approximately $29,971,000. Jump Financial LLC acquired a new stake in shares of GameStop in the 4th quarter valued at approximately $7,022,000. BNP Paribas Financial Markets grew its stake in shares of GameStop by 233.5% in the second quarter. BNP Paribas Financial Markets now owns 355,998 shares of the company’s stock valued at $8,683,000 after buying an additional 249,262 shares in the last quarter. Marex Group plc increased its holdings in GameStop by 31.6% during the fourth quarter. Marex Group plc now owns 1,015,478 shares of the company’s stock worth $20,391,000 after buying an additional 243,937 shares during the last quarter. Finally, Soviero Asset Management LP acquired a new position in GameStop during the fourth quarter worth $4,679,000. 29.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 3,957 shares of GameStop stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $22.62, for a total transaction of $89,507.34. Following the completion of the sale, the general counsel directly owned 104,190 shares of the company’s stock, valued at approximately $2,356,777.80. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel William Moore sold 7,085 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $22.38, for a total value of $158,562.30. Following the completion of the transaction, the insider directly owned 115,125 shares in the company, valued at approximately $2,576,497.50. This represents a 5.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,037 shares of company stock valued at $497,306 over the last 90 days. Company insiders own 9.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GME. Weiss Ratings upgraded 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 report on Sunday, June 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, GameStop has a consensus rating of “Hold”.

GameStop Stock Down 1.2%

GME opened at $21.68 on Friday. GameStop Corp. has a 1-year low of $19.93 and a 1-year high of $28.10. The stock’s fifty day simple moving average is $22.18 and its 200 day simple moving average is $22.83. The company has a current ratio of 12.40, a quick ratio of 11.91 and a debt-to-equity ratio of 0.71. The stock has a market cap of $9.73 billion, a PE ratio of 16.43 and a beta of 1.76.

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

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.