GameStop (NYSE:GME) Trading Up 1.5%

GameStop Corp. (NYSE:GME) shares traded up 1.5% on Tuesday . The stock traded as high as $21.05 and last traded at $20.95. 2,350,776 shares were traded during mid-day trading, a decline of 90% from the average session volume of 24,494,273 shares. The stock had previously closed at $20.65.

Analyst Upgrades and Downgrades

GME has been the subject of several analyst reports. StockNews.com upgraded GameStop to a “sell” rating in a report on Saturday. Wedbush cut their target price on GameStop from $13.50 to $11.00 and set an “underperform” rating on the stock in a research report on Wednesday, June 12th.

GameStop Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.42 and a current ratio of 2.22. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 258.16 and a beta of -0.09. The company’s fifty day moving average is $25.43 and its two-hundred day moving average is $18.69.

GameStop (NYSE:GME) last posted its earnings results on Friday, June 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $881.80 million for the quarter, compared to analyst estimates of $995.30 million. GameStop had a net margin of 0.51% and a return on equity of 1.78%. The company’s revenue for the quarter was down 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. On average, research 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 2,215 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $26.33, for a total value of $58,320.95. Following the sale, the general counsel now owns 48,408 shares in the company, valued at approximately $1,274,582.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other GameStop news, General Counsel Mark Haymond Robinson sold 2,215 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $26.33, for a total value of $58,320.95. Following the sale, the general counsel now directly owns 48,408 shares of the company’s stock, valued at $1,274,582.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence Cheng bought 4,140 shares of GameStop stock in a transaction dated Monday, July 8th. The shares were acquired at an average cost of $24.85 per share, with a total value of $102,879.00. Following the completion of the purchase, the director now owns 69,228 shares in the company, valued at $1,720,315.80. The disclosure for this purchase can be found here. Insiders have sold 3,183 shares of company stock worth $81,001 over the last quarter. 12.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GameStop

Several large investors have recently bought and sold shares of GME. Fifth Third Bancorp lifted its holdings in shares of GameStop by 50.6% in the 4th quarter. Fifth Third Bancorp now owns 4,300 shares of the company’s stock worth $75,000 after acquiring an additional 1,445 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of GameStop in the 4th quarter valued at approximately $1,322,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in GameStop by 37.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,728 shares of the company’s stock valued at $1,082,000 after buying an additional 16,720 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in GameStop by 27.1% during the 4th quarter. Handelsbanken Fonder AB now owns 62,300 shares of the company’s stock worth $1,092,000 after buying an additional 13,300 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of GameStop by 14.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 185,508 shares of the company’s stock valued at $3,252,000 after acquiring an additional 23,500 shares during the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

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.