AlphaQuest LLC Has $191,000 Stake in GameStop Corp. $GME

AlphaQuest LLC boosted its position in shares of GameStop Corp. (NYSE:GME) by 450.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,817 shares of the company’s stock after buying an additional 6,398 shares during the period. AlphaQuest LLC’s holdings in GameStop were worth $191,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in GameStop during the second quarter worth about $45,000. US Bancorp DE lifted its stake in GameStop by 92.5% in the 1st quarter. US Bancorp DE now owns 3,726 shares of the company’s stock valued at $83,000 after purchasing an additional 1,790 shares during the last quarter. Bogart Wealth LLC lifted its stake in GameStop by 100.0% in the 1st quarter. Bogart Wealth LLC now owns 4,000 shares of the company’s stock valued at $89,000 after purchasing an additional 2,000 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in GameStop by 31.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 4,145 shares of the company’s stock valued at $93,000 after purchasing an additional 1,000 shares during the last quarter. Finally, CWM LLC lifted its stake in GameStop by 47.6% in the 1st quarter. CWM LLC now owns 4,353 shares of the company’s stock valued at $97,000 after purchasing an additional 1,404 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GameStop

In other news, insider Daniel William Moore sold 6,509 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $27.58, for a total transaction of $179,518.22. Following the completion of the sale, the insider directly owned 112,620 shares in the company, valued at $3,106,059.60. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Mark Haymond Robinson sold 4,449 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total transaction of $122,703.42. Following the sale, the general counsel owned 112,302 shares of the company’s stock, valued at approximately $3,097,289.16. This trade represents a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,788 shares of company stock valued at $321,046. 8.58% of the stock is currently owned by corporate insiders.

GameStop Stock Down 1.2%

Shares of NYSE GME opened at $22.32 on Monday. The company has a 50 day simple moving average of $24.24 and a 200 day simple moving average of $25.09. The firm has a market cap of $10.00 billion, a PE ratio of 30.58 and a beta of -0.86. GameStop Corp. has a 1 year low of $20.73 and a 1 year high of $35.81. The company has a debt-to-equity ratio of 0.80, a current ratio of 11.37 and a quick ratio of 10.79.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, September 9th. The company reported $0.25 earnings per share (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 business had revenue of $972.20 million during the quarter, compared to analyst estimates of $823.25 million. During the same quarter last year, the business earned $0.04 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. On average, research analysts forecast that GameStop Corp. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of GameStop in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $13.50.

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.