Mutual of America Capital Management LLC Trims Holdings in GameStop Corp. (NYSE:GME)

Mutual of America Capital Management LLC trimmed its stake in GameStop Corp. (NYSE:GME) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 209,264 shares of the company’s stock after selling 5,373 shares during the period. Mutual of America Capital Management LLC’s holdings in GameStop were worth $4,671,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of GameStop by 67.2% in the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company’s stock valued at $54,000 after acquiring an additional 691 shares during the period. UMB Bank n.a. increased its stake in GameStop by 100.6% during the 1st quarter. UMB Bank n.a. now owns 3,651 shares of the company’s stock worth $81,000 after buying an additional 1,831 shares during the period. Wells Fargo & Company MN increased its stake in GameStop by 42.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,722 shares of the company’s stock worth $179,000 after buying an additional 1,698 shares during the period. GAMMA Investing LLC increased its stake in GameStop by 69.9% during the 1st quarter. GAMMA Investing LLC now owns 6,056 shares of the company’s stock worth $135,000 after buying an additional 2,492 shares during the period. Finally, Fifth Third Bancorp increased its stake in GameStop by 10.3% during the 1st quarter. Fifth Third Bancorp now owns 6,227 shares of the company’s stock worth $139,000 after buying an additional 579 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop Trading Down 1.8%

GME opened at $22.25 on Friday. GameStop Corp. has a 12 month low of $19.31 and a 12 month high of $35.81. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 48.37 and a beta of -0.72. 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 business has a fifty day moving average price of $24.25 and a 200 day moving average price of $25.52.

GameStop (NYSE:GME) last released its earnings results on Tuesday, June 10th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.04 by $0.13. GameStop had a return on equity of 5.25% and a net margin of 5.67%. The firm had revenue of $732.40 million during the quarter, compared to analysts’ expectations of $754.23 million. During the same period in the previous year, the firm posted ($0.12) EPS. GameStop’s revenue for the quarter was down 16.9% on a year-over-year basis. Sell-side analysts expect that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GameStop news, General Counsel Mark Haymond Robinson sold 11,055 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $24.18, for a total transaction of $267,309.90. Following the completion of the transaction, the general counsel owned 116,781 shares in the company, valued at $2,823,764.58. The trade was a 8.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 13,075 shares of company stock worth $315,685. Insiders own 12.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush raised shares of GameStop to a “strong sell” rating in a research note 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.