GameStop Corp. (NYSE:GME) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in GameStop Corp. (NYSE:GME) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,615 shares of the company’s stock after selling 14,716 shares during the period. California Public Employees Retirement System’s holdings in GameStop were worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Xponance Inc. grew its stake in GameStop by 2.7% during the 3rd quarter. Xponance Inc. now owns 32,094 shares of the company’s stock valued at $528,000 after purchasing an additional 854 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in GameStop by 3.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 25,543 shares of the company’s stock worth $420,000 after buying an additional 957 shares during the period. Federated Hermes Inc. increased its holdings in GameStop by 3.8% in the 3rd quarter. Federated Hermes Inc. now owns 36,902 shares of the company’s stock worth $607,000 after buying an additional 1,363 shares during the period. Fifth Third Bancorp raised its position in GameStop by 50.6% during the 4th quarter. Fifth Third Bancorp now owns 4,300 shares of the company’s stock worth $75,000 after buying an additional 1,445 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in GameStop by 8.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 21,252 shares of the company’s stock valued at $350,000 after acquiring an additional 1,670 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insider Buying and Selling

In other GameStop news, insider Daniel William Moore sold 7,779 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $10.20, for a total value of $79,345.80. Following the sale, the insider now directly owns 13,606 shares of the company’s stock, valued at $138,781.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other GameStop news, General Counsel Mark Haymond Robinson sold 4,379 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total transaction of $50,840.19. Following the completion of the transaction, the general counsel now directly owns 64,308 shares in the company, valued at $746,615.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 7,779 shares of GameStop stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total transaction of $79,345.80. Following the completion of the sale, the insider now owns 13,606 shares in the company, valued at approximately $138,781.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,207 shares of company stock valued at $285,048. 12.64% of the stock is owned by company insiders.

GameStop Stock Performance

GME opened at $16.47 on Monday. The firm has a fifty day moving average price of $12.73 and a 200 day moving average price of $13.97. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $27.65. The stock has a market cap of $5.04 billion, a P/E ratio of 823.91 and a beta of -0.25. 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:GME) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). GameStop had a return on equity of 1.35% and a net margin of 0.13%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the company posted $0.16 EPS. The company’s revenue was down 19.4% on a year-over-year basis. Equities research analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GME shares. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Wedbush reduced their price objective on GameStop from $6.00 to $5.60 and set an “underperform” rating for the company in a research note on Wednesday, March 27th.

GameStop 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.