Pacer Advisors Inc. Has $721,000 Stake in GameStop Corp. (NYSE:GME)

Pacer Advisors Inc. increased its stake in shares of GameStop Corp. (NYSE:GMEFree Report) by 78.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,110 shares of the company’s stock after acquiring an additional 18,075 shares during the period. Pacer Advisors Inc.’s holdings in GameStop were worth $721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GME. Cambridge Investment Research Advisors Inc. raised its holdings in shares of GameStop by 23.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,295 shares of the company’s stock worth $382,000 after acquiring an additional 439 shares during the period. Citigroup Inc. increased its stake in GameStop by 4.3% in the 1st quarter. Citigroup Inc. now owns 18,826 shares of the company’s stock valued at $3,136,000 after buying an additional 777 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in GameStop by 21.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,350 shares of the company’s stock valued at $390,000 after buying an additional 421 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in GameStop by 5.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 33,668 shares of the company’s stock valued at $5,759,000 after buying an additional 1,854 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in GameStop by 56.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,655 shares of the company’s stock valued at $2,108,000 after buying an additional 4,548 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GME shares. StockNews.com upgraded shares of GameStop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Wedbush lowered their price target on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a research note on Wednesday, March 27th.

Get Our Latest Research Report on GME

GameStop Stock Performance

Shares of GME opened at $11.39 on Thursday. The firm has a 50-day moving average of $14.06 and a 200-day moving average of $14.71. GameStop Corp. has a one year low of $10.90 and a one year high of $27.65. The company has a market cap of $3.48 billion, a PE ratio of 569.53 and a beta of -0.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.11 and a quick ratio of 1.44.

GameStop (NYSE:GMEGet Free Report) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). GameStop had a net margin of 0.13% and a return on equity of 1.35%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the business earned $0.16 EPS. The business’s revenue was down 19.4% on a year-over-year basis. As a group, equities analysts forecast that GameStop Corp. will post 0.01 earnings per share for the current year.

Insider Activity

In other news, General Counsel Mark Haymond Robinson sold 4,379 shares of GameStop stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total value of $50,840.19. Following the completion of the transaction, the general counsel now owns 64,308 shares of the company’s stock, valued at approximately $746,615.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.64% of the company’s stock.

GameStop Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GameStop (NYSE:GME)

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