Mitsubishi UFJ Trust & Banking Corp Takes $83,000 Position in GameStop Corp. (NYSE:GME)

Mitsubishi UFJ Trust & Banking Corp purchased a new position in GameStop Corp. (NYSE:GMEGet Rating) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 676 shares of the company’s stock, valued at approximately $83,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of GameStop by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 5,958,493 shares of the company’s stock worth $992,566,000 after acquiring an additional 26,656 shares in the last quarter. BlackRock Inc. lifted its stake in GameStop by 0.5% during the first quarter. BlackRock Inc. now owns 5,219,873 shares of the company’s stock worth $869,526,000 after purchasing an additional 25,355 shares during the last quarter. State Street Corp boosted its holdings in GameStop by 1.8% in the first quarter. State Street Corp now owns 1,684,263 shares of the company’s stock worth $280,565,000 after purchasing an additional 30,334 shares during the period. Charles Schwab Investment Management Inc. increased its stake in GameStop by 24.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 427,588 shares of the company’s stock valued at $71,228,000 after purchasing an additional 83,218 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of GameStop by 11,704.3% during the first quarter. Renaissance Technologies LLC now owns 306,912 shares of the company’s stock worth $51,125,000 after purchasing an additional 304,312 shares during the period. 9.57% of the stock is owned by institutional investors.

GameStop Trading Up 1.5 %

NYSE:GME opened at $26.70 on Thursday. The firm has a market capitalization of $8.13 billion, a P/E ratio of -15.59 and a beta of -0.42. The business has a 50 day simple moving average of $26.18 and a 200 day simple moving average of $30.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.38. GameStop Corp. has a 12-month low of $19.40 and a 12-month high of $56.00.

GameStop (NYSE:GMEGet Rating) last announced its quarterly earnings results on Wednesday, September 7th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.03. GameStop had a negative net margin of 8.57% and a negative return on equity of 33.28%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts predict that GameStop Corp. will post -1.45 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of GameStop to a “sell” rating in a report on Wednesday, November 9th.

About GameStop

(Get Rating)

GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.

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Institutional Ownership by Quarter for GameStop (NYSE:GME)

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