Swiss National Bank Increases Stake in GameStop Corp. (NYSE:GME)

Swiss National Bank increased its holdings in shares of GameStop Corp. (NYSE:GME – Get Rating) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 625,028 shares of the company’s stock after buying an additional 9,600 shares during the period. Swiss National Bank owned about 0.21% of GameStop worth $11,538,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GME. Covestor Ltd increased its position in shares of GameStop by 323.2% in the 1st quarter. Covestor Ltd now owns 237 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of GameStop by 24.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,314 shares of the company’s stock valued at $161,000 after buying an additional 261 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of GameStop in the 1st quarter valued at $50,000. Prudential Financial Inc. boosted its stake in GameStop by 8.5% during the 2nd quarter. Prudential Financial Inc. now owns 4,640 shares of the company’s stock worth $567,000 after purchasing an additional 365 shares during the period. Finally, FMR LLC boosted its stake in GameStop by 4.6% during the 2nd quarter. FMR LLC now owns 8,391 shares of the company’s stock worth $1,026,000 after purchasing an additional 370 shares during the period. 25.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Lawrence Cheng purchased 5,000 shares of GameStop stock in a transaction dated Wednesday, March 29th. The stock was acquired at an average cost of $22.80 per share, with a total value of $114,000.00. Following the completion of the transaction, the director now directly owns 37,088 shares of the company’s stock, valued at $845,606.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.64% of the company’s stock.

GameStop Price Performance

Shares of GME stock opened at $20.69 on Monday. The company has a market capitalization of $6.30 billion, a PE ratio of -20.09 and a beta of -0.32. The firm has a fifty day simple moving average of $20.34 and a 200-day simple moving average of $21.50. The company has a current ratio of 1.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. GameStop Corp. has a twelve month low of $15.41 and a twelve month high of $47.99.

GameStop (NYSE:GME – Get Rating) last issued its earnings results on Tuesday, March 21st. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.29. GameStop had a negative net margin of 5.28% and a negative return on equity of 23.09%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the company earned ($0.47) earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that GameStop Corp. will post -0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of GameStop from a “sell” rating to a “hold” rating in a research note on Saturday.

GameStop Company Profile

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GameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology.