Ameritas Advisory Services LLC Buys Shares of 1,839 GameStop Corp. $GME

Ameritas Advisory Services LLC purchased a new stake in shares of GameStop Corp. (NYSE:GME) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,839 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in shares of GameStop by 10.3% during the first quarter. Fifth Third Bancorp now owns 6,227 shares of the company’s stock valued at $139,000 after buying an additional 579 shares during the last quarter. UMB Bank n.a. increased its stake in shares of GameStop by 17.4% during the second quarter. UMB Bank n.a. now owns 4,287 shares of the company’s stock valued at $105,000 after acquiring an additional 636 shares during the period. Scratch Capital LLC increased its stake in shares of GameStop by 2.9% during the second quarter. Scratch Capital LLC now owns 24,253 shares of the company’s stock valued at $592,000 after acquiring an additional 683 shares during the period. State of Wyoming increased its stake in shares of GameStop by 11.0% during the first quarter. State of Wyoming now owns 7,688 shares of the company’s stock valued at $172,000 after acquiring an additional 759 shares during the period. Finally, Xponance Inc. increased its stake in shares of GameStop by 1.7% during the first quarter. Xponance Inc. now owns 47,392 shares of the company’s stock valued at $1,058,000 after acquiring an additional 785 shares during the period. Institutional investors own 29.21% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Mark Haymond Robinson sold 11,055 shares of the firm’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 value of $267,309.90. Following the completion of the transaction, the general counsel owned 116,781 shares of the company’s stock, valued at approximately $2,823,764.58. This trade represents a 8.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 6,509 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total transaction of $179,518.22. Following the completion of the transaction, the insider directly owned 112,620 shares of the company’s stock, valued at $3,106,059.60. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,873 shares of company stock valued at $589,070 in the last ninety days. Company insiders own 8.58% of the company’s stock.

GameStop Trading Up 1.1%

Shares of NYSE:GME opened at $23.56 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 10.79 and a current ratio of 11.37. GameStop Corp. has a 1-year low of $20.35 and a 1-year high of $35.81. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 32.27 and a beta of -0.86. The company has a 50 day moving average price of $24.14 and a 200 day moving average price of $25.20.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. GameStop had a net margin of 9.41% and a return on equity of 7.72%. The company had revenue of $972.20 million during the quarter, compared to analyst estimates of $823.25 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The business’s quarterly revenue was up 21.8% on a year-over-year basis. On average, research analysts anticipate that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of GameStop in a research note on Wednesday, October 8th. Wedbush upgraded shares of GameStop to a “strong sell” rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $13.50.

About GameStop

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.