Blair William & Co. IL Sells 1,047 Shares of GameStop Corp. (NYSE:GME)

Blair William & Co. IL cut its stake in GameStop Corp. (NYSE:GME) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,529 shares of the company’s stock after selling 1,047 shares during the period. Blair William & Co. IL’s holdings in GameStop were worth $235,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in GameStop by 67.2% in the fourth 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 last quarter. UMB Bank n.a. boosted its holdings in GameStop by 100.6% in the first quarter. UMB Bank n.a. now owns 3,651 shares of the company’s stock valued at $81,000 after acquiring an additional 1,831 shares during the last quarter. US Bancorp DE boosted its holdings in GameStop by 92.5% in the first quarter. US Bancorp DE now owns 3,726 shares of the company’s stock valued at $83,000 after acquiring an additional 1,790 shares during the last quarter. Bogart Wealth LLC boosted its holdings in GameStop by 100.0% in the first quarter. Bogart Wealth LLC now owns 4,000 shares of the company’s stock valued at $89,000 after acquiring an additional 2,000 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in GameStop by 31.8% in the first quarter. SBI Securities Co. Ltd. now owns 4,145 shares of the company’s stock valued at $93,000 after acquiring an additional 1,000 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors.

GameStop Price Performance

Shares of GME opened at $22.93 on Wednesday. GameStop Corp. has a 52-week low of $19.31 and a 52-week high of $35.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 7.89 and a current ratio of 8.39. The business’s 50 day moving average price is $23.95 and its two-hundred day moving average price is $25.43. The firm has a market cap of $10.26 billion, a PE ratio of 49.85 and a beta of -0.72.

GameStop (NYSE:GME) last issued its quarterly earnings results 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. GameStop had a return on equity of 5.25% and a net margin of 5.67%. The firm had revenue of $732.40 million for the quarter, compared to analyst estimates of $754.23 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The company’s revenue was down 16.9% compared to the same quarter last year. On average, equities analysts anticipate that GameStop Corp. will post 0.08 EPS for the current year.

Insider Transactions at GameStop

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 stock was sold at an average price of $24.18, for a total value of $267,309.90. Following the transaction, the general counsel directly owned 116,781 shares of the company’s stock, valued at approximately $2,823,764.58. The trade was a 8.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 13,075 shares of company stock valued at $315,685 over the last quarter. 8.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wedbush upgraded 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.