Handelsbanken Fonder AB Has $1.09 Million Stock Holdings in GameStop Corp. (NYSE:GME)

Handelsbanken Fonder AB raised its holdings in GameStop Corp. (NYSE:GME) by 27.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 62,300 shares of the company’s stock after acquiring an additional 13,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in GameStop were worth $1,092,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in shares of GameStop in the third quarter worth approximately $872,000. Rhumbline Advisers raised its holdings in GameStop by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 806,083 shares of the company’s stock worth $13,268,000 after purchasing an additional 13,248 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of GameStop by 11.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,316,585 shares of the company’s stock worth $38,131,000 after purchasing an additional 243,608 shares during the period. Barclays PLC boosted its stake in shares of GameStop by 133.3% in the 3rd quarter. Barclays PLC now owns 346,830 shares of the company’s stock valued at $5,710,000 after purchasing an additional 198,140 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of GameStop by 1.4% during the third quarter. Invesco Ltd. now owns 442,444 shares of the company’s stock worth $7,283,000 after buying an additional 6,311 shares during the period. Institutional investors own 29.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GME has been the topic of several recent analyst reports. Wedbush dropped their target price on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a report on Wednesday, March 27th. StockNews.com raised GameStop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.

GameStop Stock Performance

Shares of GME stock opened at $11.90 on Monday. The firm has a 50 day moving average of $12.84 and a 200-day moving average of $14.04. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 595.00 and a beta of -0.45. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.01. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $27.65.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). GameStop had a return on equity of 1.35% and a net margin of 0.13%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was down 19.4% compared to the same quarter last year. On average, equities analysts forecast that GameStop Corp. will post 0.01 earnings per share for the current year.

Insider Activity

In related news, General Counsel Mark Haymond Robinson sold 4,379 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total transaction of $50,840.19. Following the transaction, the general counsel now directly owns 64,308 shares of the company’s stock, valued at approximately $746,615.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other GameStop news, Director Lawrence Cheng acquired 10,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were purchased at an average cost of $11.22 per share, with a total value of $112,200.00. Following the completion of the purchase, the director now owns 65,088 shares of the company’s stock, valued at $730,287.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 4,379 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total transaction of $50,840.19. Following the sale, the general counsel now directly owns 64,308 shares of the company’s stock, valued at $746,615.88. The disclosure for this sale can be found here. Insiders sold a total of 27,207 shares of company stock worth $285,048 in the last three months. Company insiders own 12.64% of the company’s stock.

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.