Y Intercept Hong Kong Ltd Makes New Investment in GameStop Corp. (NYSE:GME)

Y Intercept Hong Kong Ltd purchased a new stake in GameStop Corp. (NYSE:GME) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,306 shares of the company’s stock, valued at approximately $1,635,000.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in GameStop by 22.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after buying an additional 646,488 shares in the last quarter. Swiss National Bank lifted its position in shares of GameStop by 46.0% in the third quarter. Swiss National Bank now owns 790,528 shares of the company’s stock valued at $18,127,000 after acquiring an additional 249,100 shares in the last quarter. Algert Global LLC boosted its stake in shares of GameStop by 270.5% during the third quarter. Algert Global LLC now owns 150,526 shares of the company’s stock valued at $3,452,000 after acquiring an additional 109,900 shares during the last quarter. MetLife Investment Management LLC increased its position in GameStop by 41.1% during the 3rd quarter. MetLife Investment Management LLC now owns 200,234 shares of the company’s stock worth $4,591,000 after purchasing an additional 58,356 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in GameStop by 35.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 209,616 shares of the company’s stock valued at $4,806,000 after purchasing an additional 55,346 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 related news, insider Daniel William Moore sold 2,624 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $21.00, for a total value of $55,104.00. Following the transaction, the insider now owns 32,280 shares in the company, valued at approximately $677,880. This trade represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 4,667 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $102,487.32. Following the completion of the sale, the general counsel now owns 54,927 shares of the company’s stock, valued at approximately $1,206,196.92. This trade represents a 7.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock worth $481,000 in the last quarter. 12.28% of the stock is owned by insiders.

GameStop Trading Down 3.5 %

NYSE GME opened at $26.95 on Wednesday. The company has a market capitalization of $11.49 billion, a PE ratio of 207.32 and a beta of -0.11. The business’s 50-day moving average price is $24.42 and its 200 day moving average price is $23.99. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.09. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The business had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop’s revenue was down 20.2% on a year-over-year basis. Equities analysts predict that GameStop Corp. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GME shares. Wedbush reaffirmed an “underperform” rating and set a $10.00 price target on shares of GameStop in a research note on Friday, December 6th. StockNews.com raised shares of GameStop to a “sell” rating in a research note on Saturday, October 19th.

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.