New Mexico Educational Retirement Board Raises Holdings in GameStop Corp. (NYSE:GME)

New Mexico Educational Retirement Board raised its holdings in shares of GameStop Corp. (NYSE:GME) by 51.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,088 shares of the company’s stock after purchasing an additional 26,488 shares during the period. New Mexico Educational Retirement Board’s holdings in GameStop were worth $2,447,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System boosted its stake in GameStop by 4.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 112,800 shares of the company’s stock valued at $3,535,000 after purchasing an additional 5,300 shares during the last quarter. First National Corp MA ADV purchased a new stake in GameStop during the 4th quarter valued at $491,000. State of Alaska Department of Revenue boosted its stake in GameStop by 2.8% during the 4th quarter. State of Alaska Department of Revenue now owns 46,327 shares of the company’s stock valued at $1,451,000 after purchasing an additional 1,275 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in GameStop by 9.7% during the 4th quarter. Bleakley Financial Group LLC now owns 12,056 shares of the company’s stock valued at $378,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in GameStop by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 142,931 shares of the company’s stock valued at $4,479,000 after purchasing an additional 628 shares during the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

GameStop Price Performance

NYSE GME opened at $27.18 on Friday. The business’s fifty day moving average price is $28.91 and its 200-day moving average price is $25.18. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 151.01 and a beta of -0.11. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.09. The firm had revenue of $860.30 million for the quarter, compared to analysts’ expectations of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The firm’s revenue was down 20.2% compared to the same quarter last year. Equities research analysts anticipate that GameStop Corp. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on GME shares. Wedbush reiterated an “underperform” rating and set a $10.00 target price on shares of GameStop in a research note on Friday, December 6th. StockNews.com raised GameStop to a “sell” rating in a report on Saturday, October 19th.

Insider Buying and Selling

In related news, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the transaction, the insider now directly owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the transaction, the general counsel now directly owns 42,350 shares in the company, valued at approximately $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by insiders.

GameStop Company Profile

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.