CFO4Life Group LLC Purchases Shares of 10,200 GameStop Corp. $GME

CFO4Life Group LLC acquired a new position in shares of GameStop Corp. (NYSE:GME) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,200 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors also recently modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in GameStop by 21.4% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 23,642 shares of the company’s stock valued at $576,000 after purchasing an additional 4,169 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of GameStop by 8.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 154,474 shares of the company’s stock worth $3,768,000 after buying an additional 12,070 shares during the last quarter. Geode Capital Management LLC raised its position in shares of GameStop by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 7,049,033 shares of the company’s stock valued at $171,955,000 after buying an additional 66,550 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of GameStop by 31.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 30,574 shares of the company’s stock worth $746,000 after acquiring an additional 7,259 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in GameStop by 56.3% in the second quarter. SBI Securities Co. Ltd. now owns 6,479 shares of the company’s stock worth $158,000 after acquiring an additional 2,334 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors.

Insider Activity

In other GameStop news, insider Daniel William Moore sold 6,509 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total value of $179,518.22. Following the completion of the sale, the insider owned 112,620 shares in the company, valued at approximately $3,106,059.60. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 4,449 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $27.58, for a total value of $122,703.42. Following the sale, the general counsel directly owned 112,302 shares of the company’s stock, valued at approximately $3,097,289.16. This trade represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,788 shares of company stock valued at $321,046 over the last 90 days. 8.58% of the stock is currently owned by company insiders.

GameStop Price Performance

GME stock opened at $20.63 on Friday. The firm has a market cap of $9.24 billion, a P/E ratio of 28.26 and a beta of -1.00. The firm’s fifty day moving average is $24.00 and its 200 day moving average is $24.70. GameStop Corp. has a 52 week low of $20.41 and a 52 week high of $35.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 10.79 and a current ratio of 11.37.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, September 9th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.06. GameStop had a net margin of 9.41% and a return on equity of 7.72%. The business had revenue of $972.20 million during the quarter, compared to the consensus estimate of $823.25 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Research analysts predict that GameStop Corp. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of GameStop in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $13.50.

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.