Y Intercept Hong Kong Ltd Buys 31,104 Shares of GameStop Corp. (NYSE:GME)

Y Intercept Hong Kong Ltd lifted its position in GameStop Corp. (NYSE:GME) by 43.6% in the fourth quarter, Holdings Channel reports. The firm owned 102,410 shares of the company’s stock after buying an additional 31,104 shares during the period. Y Intercept Hong Kong Ltd’s holdings in GameStop were worth $3,210,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake in GameStop by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 9,381 shares of the company’s stock worth $294,000 after acquiring an additional 502 shares during the period. Christensen King & Associates Investment Services Inc. lifted its position in shares of GameStop by 1.9% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company’s stock worth $853,000 after purchasing an additional 518 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of GameStop by 2.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company’s stock worth $575,000 after purchasing an additional 523 shares during the period. CWM LLC boosted its stake in shares of GameStop by 19.9% during the third quarter. CWM LLC now owns 3,189 shares of the company’s stock valued at $73,000 after purchasing an additional 529 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in GameStop by 11.1% in the fourth quarter. Fifth Third Bancorp now owns 5,648 shares of the company’s stock worth $177,000 after buying an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Price Performance

GME opened at $25.00 on Tuesday. The firm has a market capitalization of $11.17 billion, a PE ratio of 138.87 and a beta of -0.11. The business’s 50-day moving average is $28.77 and its two-hundred day moving average is $25.39. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm had revenue of $860.30 million for the quarter, compared to the consensus estimate of $887.68 million. The business’s revenue was down 20.2% on a year-over-year basis. As a group, sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Separately, Wedbush reaffirmed an “underperform” rating and set a $10.00 target price on shares of GameStop in a research report on Friday, December 6th.

Insider Transactions at GameStop

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the sale, the general counsel now owns 42,350 shares in the company, valued at approximately $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 895 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the sale, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

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.