Lingohr & Partner Asset Management GmbH grew its position in shares of GameStop Corp. (NYSE:GME) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,682 shares of the company’s stock after purchasing an additional 5,804 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in GameStop were worth $1,179,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in GameStop by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,536,127 shares of the company’s stock worth $176,357,000 after purchasing an additional 34,512 shares during the last quarter. State Street Corp increased its stake in shares of GameStop by 1.6% in the 2nd quarter. State Street Corp now owns 3,020,149 shares of the company’s stock valued at $65,265,000 after acquiring an additional 46,169 shares in the last quarter. Numeric Investors LLC bought a new stake in shares of GameStop in the 2nd quarter valued at $34,679,000. Towle & Co. increased its stake in shares of GameStop by 26.2% in the 3rd quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock valued at $30,811,000 after acquiring an additional 309,790 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of GameStop by 5.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,036,472 shares of the company’s stock valued at $22,398,000 after acquiring an additional 52,750 shares in the last quarter.
GameStop Corp. (NYSE GME) traded up $0.13 on Friday, reaching $17.99. 468,501 shares of the company’s stock were exchanged, compared to its average volume of 4,983,475. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1,810.00, a P/E ratio of 5.26, a price-to-earnings-growth ratio of 0.36 and a beta of 1.26. GameStop Corp. has a 1 year low of $15.85 and a 1 year high of $26.68.
Several analysts have recently weighed in on GME shares. Oppenheimer reiterated a “hold” rating on shares of GameStop in a research note on Wednesday, November 22nd. Loop Capital reiterated a “buy” rating and issued a $28.00 price objective on shares of GameStop in a research note on Wednesday, November 22nd. Benchmark restated a “sell” rating and set a $15.00 price target (down previously from $18.00) on shares of GameStop in a research note on Wednesday, November 22nd. ValuEngine upgraded shares of GameStop from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Bank of America restated a “hold” rating and set a $23.00 price target on shares of GameStop in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.42.
In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of GameStop stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.91, for a total transaction of $71,640.00. Following the transaction, the director now directly owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by insiders.
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GameStop Company Profile
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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