Federated Investors Inc. PA decreased its position in shares of GameStop Corp. (NYSE:GME) by 87.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,327 shares of the company’s stock after selling 92,319 shares during the period. Federated Investors Inc. PA’s holdings in GameStop were worth $194,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its position in shares of GameStop by 43.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 14,750 shares of the company’s stock worth $215,000 after purchasing an additional 4,450 shares during the last quarter. Swiss National Bank increased its position in shares of GameStop by 2.9% in the 1st quarter. Swiss National Bank now owns 176,482 shares of the company’s stock worth $2,227,000 after purchasing an additional 5,000 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of GameStop by 20.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 35,097 shares of the company’s stock worth $511,000 after purchasing an additional 5,844 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of GameStop by 19.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 36,421 shares of the company’s stock worth $531,000 after purchasing an additional 5,920 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of GameStop by 2.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 287,571 shares of the company’s stock worth $3,629,000 after purchasing an additional 6,988 shares during the last quarter.
Shares of NYSE:GME opened at $15.55 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.45 and a debt-to-equity ratio of 0.39. GameStop Corp. has a fifty-two week low of $12.20 and a fifty-two week high of $20.93. The stock has a market cap of $1.63 billion, a P/E ratio of 4.67 and a beta of 1.30.
GameStop (NYSE:GME) last announced its quarterly earnings data on Thursday, September 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). GameStop had a negative net margin of 0.48% and a positive return on equity of 13.78%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the company earned $0.15 EPS. GameStop’s quarterly revenue was down 2.4% on a year-over-year basis. equities analysts expect that GameStop Corp. will post 3.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Tuesday, September 18th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.77%. The ex-dividend date of this dividend is Monday, September 17th. GameStop’s dividend payout ratio is presently 45.51%.
Several equities research analysts have recently weighed in on the stock. Robert W. Baird dropped their target price on shares of GameStop from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, June 1st. Jefferies Financial Group assumed coverage on shares of GameStop in a research report on Monday, July 9th. They issued a “buy” rating and a $18.00 target price for the company. Credit Suisse Group set a $15.00 target price on shares of GameStop and gave the stock a “hold” rating in a research report on Friday, June 1st. Zacks Investment Research raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Finally, Wedbush set a $19.00 target price on shares of GameStop and gave the stock a “buy” rating in a research report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.42.
GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.
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