Gamestop Corporation (GME) Position Reduced by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC reduced its stake in shares of Gamestop Corporation (NYSE:GME) by 6.7% during the first quarter, Holdings Channel reports. The fund owned 983,722 shares of the company’s stock after selling 70,966 shares during the period. TIAA CREF Investment Management LLC’s holdings in Gamestop Corporation were worth $22,183,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GME. Two Sigma Investments LP increased its position in shares of Gamestop Corporation by 15,333.6% in the fourth quarter. Two Sigma Investments LP now owns 571,042 shares of the company’s stock valued at $14,425,000 after buying an additional 567,342 shares during the last quarter. Alpha Windward LLC purchased a new stake in Gamestop Corporation during the first quarter worth approximately $422,000. Sanders Morris Harris Inc. purchased a new stake in Gamestop Corporation during the first quarter worth approximately $1,834,000. Comerica Bank increased its stake in Gamestop Corporation by 4.6% in the fourth quarter. Comerica Bank now owns 77,451 shares of the company’s stock worth $1,760,000 after buying an additional 3,375 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its stake in Gamestop Corporation by 55.7% in the first quarter. Eqis Capital Management Inc. now owns 20,573 shares of the company’s stock worth $464,000 after buying an additional 7,356 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

Shares of Gamestop Corporation (NYSE:GME) traded down 0.697% on Tuesday, reaching $20.655. The company had a trading volume of 343,296 shares. The company’s 50 day moving average price is $22.97 and its 200-day moving average price is $23.96. The stock has a market capitalization of $2.09 billion, a P/E ratio of 6.153 and a beta of 1.14. Gamestop Corporation has a 1-year low of $20.10 and a 1-year high of $32.67.

Gamestop Corporation (NYSE:GME) last announced its earnings results on Thursday, May 25th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Gamestop Corporation had a return on equity of 17.55% and a net margin of 3.99%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share. Equities analysts predict that Gamestop Corporation will post $3.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Wednesday, June 7th will be paid a $0.38 dividend. The ex-dividend date is Monday, June 5th. This represents a $1.52 annualized dividend and a dividend yield of 7.31%. Gamestop Corporation’s dividend payout ratio (DPR) is 44.97%.

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A number of equities research analysts recently commented on GME shares. Loop Capital reiterated a “buy” rating and issued a $28.00 target price on shares of Gamestop Corporation in a research report on Tuesday, March 21st. Bank of America Corporation reiterated a “buy” rating on shares of Gamestop Corporation in a research report on Saturday, March 11th. Mizuho reiterated a “buy” rating and issued a $33.00 target price on shares of Gamestop Corporation in a research report on Tuesday, February 28th. Wedbush set a $25.00 target price on Gamestop Corporation and gave the stock a “buy” rating in a research report on Saturday, March 25th. Finally, Vetr downgraded Gamestop Corporation from a “strong-buy” rating to a “buy” rating and set a $26.42 target price on the stock. in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.64.

About Gamestop Corporation

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GME”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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