GameStop Corp. $GME Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of GameStop Corp. (NYSE:GME) by 412.7% in the first quarter, HoldingsChannel.com reports. The fund owned 208,650 shares of the company’s stock after purchasing an additional 167,956 shares during the period. First Trust Advisors LP’s holdings in GameStop were worth $4,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of GameStop by 308.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock valued at $26,000 after purchasing an additional 732 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of GameStop by 226.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after purchasing an additional 886 shares during the period. Advisory Services Network LLC acquired a new stake in shares of GameStop during the 3rd quarter worth about $39,000. Los Angeles Capital Management LLC acquired a new stake in shares of GameStop during the 4th quarter worth about $39,000. Finally, Rockefeller Capital Management L.P. raised its holdings in GameStop by 805.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock valued at $45,000 after buying an additional 2,014 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Trading Up 0.8%

NYSE GME opened at $19.21 on Wednesday. The company has a quick ratio of 11.91, a current ratio of 12.40 and a debt-to-equity ratio of 0.71. GameStop Corp. has a 52 week low of $18.55 and a 52 week high of $28.10. The stock has a market capitalization of $8.62 billion, a PE ratio of 14.56 and a beta of 1.79. The firm has a 50 day moving average of $21.72 and a two-hundred day moving average of $22.90.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, June 2nd. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $835.30 million for the quarter, compared to the consensus estimate of $766.63 million. GameStop had a net margin of 20.45% and a return on equity of 13.75%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS.

Key Stories Impacting GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: GameStop will eliminate roughly $1.4 billion in debt, including approximately $400 million of notes due in 2030 and $1 billion due in 2032. The move should strengthen the balance sheet, preserve cash and reduce future repayment obligations. GameStop Could Be 91% Undervalued After Its Debt-for-Equity Swap
• Positive Sentiment: Some valuation analyses argue that GME could be materially undervalued after accounting for its cash-rich balance sheet and lower debt burden. Recent quarterly results also showed stronger-than-expected adjusted earnings and revenue growth, supporting the longer-term bull case.
• Positive Sentiment: Unusually heavy call-option buying and overnight retail interest suggest that some traders view the debt exchange as part of a broader corporate strategy or potential catalyst. This speculative demand could provide intermittent support for the stock. Retail Investors See a Bigger Corporate Play
• Neutral Sentiment: The exact number of new shares has not yet been determined. It will be calculated during a 35-day pricing period, with the transaction expected to close around late September 2026, leaving investors uncertain about the final dilution level. GameStop Debt-for-Equity Swap Analysis
• Negative Sentiment: Issuing shares to retire debt transfers much of the cost to existing shareholders. The potential increase in the share count is weighing on per-share value and has prompted concerns that the transaction could materially dilute ownership. GameStop Debt-for-Stock Swap Raises Dilution Concerns
• Negative Sentiment: GameStop warned that participating noteholders may sell or hedge the newly received shares, potentially including short sales. That prospect is adding near-term supply and has intensified the selloff following the announcement. GameStop Warns Noteholders Might Short GME Stock

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GME. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GameStop in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of GameStop from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, GameStop presently has an average rating of “Hold”.

Insider Buying and Selling

In other GameStop news, General Counsel Mark Haymond Robinson sold 7,083 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $22.38, for a total value of $158,517.54. Following the transaction, the general counsel directly owned 108,147 shares of the company’s stock, valued at approximately $2,420,329.86. The trade was a 6.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel William Moore sold 7,085 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total value of $158,562.30. Following the transaction, the insider directly owned 115,125 shares of the company’s stock, valued at approximately $2,576,497.50. This trade represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,125 shares of company stock worth $406,587. Corporate insiders own 9.50% of the company’s stock.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.