Nisa Investment Advisors LLC Decreases Stock Position in GameStop Corp. (NYSE:GME)

Nisa Investment Advisors LLC lowered its stake in GameStop Corp. (NYSE:GME) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,977 shares of the company’s stock after selling 505 shares during the quarter. Nisa Investment Advisors LLC’s holdings in GameStop were worth $178,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company’s stock valued at $31,000 after purchasing an additional 684 shares during the last quarter. Bessemer Group Inc. grew its stake in GameStop by 67.2% in the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company’s stock worth $54,000 after acquiring an additional 691 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in GameStop by 32.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company’s stock worth $67,000 after acquiring an additional 520 shares in the last quarter. UMB Bank n.a. grew its stake in GameStop by 100.6% in the 1st quarter. UMB Bank n.a. now owns 3,651 shares of the company’s stock worth $81,000 after acquiring an additional 1,831 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in GameStop by 42.2% in the 4th quarter. Wells Fargo & Company MN now owns 5,722 shares of the company’s stock worth $179,000 after acquiring an additional 1,698 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors.

GameStop Price Performance

Shares of GME opened at $23.42 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.39 and a quick ratio of 7.89. The stock has a market cap of $10.47 billion, a PE ratio of 50.90 and a beta of -0.81. The firm has a 50-day simple moving average of $26.43 and a two-hundred day simple moving average of $26.34. GameStop Corp. has a 1-year low of $18.73 and a 1-year high of $35.81.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. The company had revenue of $732.40 million for the quarter, compared to analysts’ expectations of $754.23 million. GameStop had a net margin of 5.67% and a return on equity of 5.25%. GameStop’s revenue was down 16.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. As a group, analysts forecast that GameStop Corp. will post 0.08 EPS for the current year.

Insider Transactions at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,269 shares of GameStop stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $23.95, for a total transaction of $30,392.55. Following the sale, the general counsel directly owned 127,836 shares in the company, valued at $3,061,672.20. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th. Wedbush raised shares of GameStop to a “strong sell” rating in a report on Tuesday, July 1st.

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.