Motley Fool Asset Management LLC Acquires New Holdings in GameStop Corp. (NYSE:GME)

Motley Fool Asset Management LLC bought a new position in shares of GameStop Corp. (NYSE:GME) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,581 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company’s stock valued at $31,000 after acquiring an additional 684 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of GameStop during the fourth quarter valued at about $37,000. R Squared Ltd bought a new stake in shares of GameStop during the fourth quarter worth about $51,000. UMB Bank n.a. increased its stake in shares of GameStop by 59.9% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock valued at $57,000 after buying an additional 682 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in GameStop by 32.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company’s stock valued at $67,000 after buying an additional 520 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

GameStop Price Performance

GameStop stock opened at $23.34 on Friday. The stock’s 50 day moving average is $24.83 and its 200 day moving average is $25.69. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83. The firm has a market cap of $10.44 billion, a P/E ratio of 129.68 and a beta of -0.29.

GameStop (NYSE:GME) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. Equities analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Wedbush set a $11.50 price objective on GameStop in a report on Wednesday, March 26th.

Insider Buying and Selling at GameStop

In other GameStop news, insider Daniel William Moore sold 1,608 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction of $36,228.24. Following the transaction, the insider now directly owns 29,777 shares in the company, valued at approximately $670,875.81. This represents a 5.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Mark Haymond Robinson sold 4,687 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction of $105,598.11. Following the sale, the general counsel now directly owns 37,663 shares of the company’s stock, valued at approximately $848,547.39. This trade represents a 11.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

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.