HL Financial Services LLC Reduces Stake in Gamestop Corporation (GME)

HL Financial Services LLC cut its position in Gamestop Corporation (NYSE:GME) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 49,410 shares of the company’s stock after selling 1,829 shares during the period. HL Financial Services LLC’s holdings in Gamestop Corporation were worth $1,068,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Tillar Wenstrup Advisors LLC boosted its stake in Gamestop Corporation by 1.7% in the second quarter. Tillar Wenstrup Advisors LLC now owns 107,408 shares of the company’s stock worth $2,321,000 after buying an additional 1,807 shares during the period. Sei Investments Co. boosted its stake in Gamestop Corporation by 22.4% in the second quarter. Sei Investments Co. now owns 9,431 shares of the company’s stock worth $204,000 after buying an additional 1,725 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Gamestop Corporation by 42.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the company’s stock worth $21,610,000 after buying an additional 300,000 shares during the period. NJ State Employees Deferred Compensation Plan bought a new stake in Gamestop Corporation during the second quarter worth approximately $648,000. Finally, Great West Life Assurance Co. Can boosted its stake in Gamestop Corporation by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 61,384 shares of the company’s stock worth $1,325,000 after buying an additional 2,285 shares during the period. 99.62% of the stock is currently owned by institutional investors.

Gamestop Corporation (NYSE:GME) opened at 21.47 on Friday. The company’s 50 day moving average is $21.32 and its 200 day moving average is $22.99. The stock has a market cap of $2.17 billion, a PE ratio of 6.40 and a beta of 1.20. Gamestop Corporation has a 12 month low of $20.10 and a 12 month high of $32.67.

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

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A number of research firms recently commented on GME. Zacks Investment Research raised shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Gamestop Corporation in a report on Tuesday, June 20th. Vetr cut shares of Gamestop Corporation from a “strong-buy” rating to a “strong sell” rating and set a $16.96 price target on the stock. in a report on Monday, June 5th. Finally, ValuEngine cut shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.84.

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.

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

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