GameStop Corp. (GME) Position Increased by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC raised its position in shares of GameStop Corp. (NYSE:GME) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,358 shares of the company’s stock after buying an additional 508 shares during the period. Mutual of America Capital Management LLC owned 0.08% of GameStop Corp. worth $2,189,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in GME. WFG Advisors LP increased its stake in GameStop Corp. by 8.8% in the second quarter. WFG Advisors LP now owns 3,950 shares of the company’s stock worth $105,000 after buying an additional 320 shares during the period. Penserra Capital Management LLC increased its stake in GameStop Corp. by 12.3% in the second quarter. Penserra Capital Management LLC now owns 4,938 shares of the company’s stock worth $131,000 after buying an additional 542 shares during the period. Americafirst Capital Management LLC acquired a new stake in GameStop Corp. during the second quarter worth approximately $150,000. BlueMountain Capital Management LLC acquired a new stake in GameStop Corp. during the first quarter worth approximately $156,000. Finally, Seven Eight Capital LLC increased its stake in GameStop Corp. by 95.3% in the first quarter. Seven Eight Capital LLC now owns 5,401 shares of the company’s stock worth $171,000 after buying an additional 2,635 shares during the period.
GameStop Corp. (NYSE:GME) traded down 1.17% during trading on Tuesday, reaching $24.49. The company had a trading volume of 2,321,086 shares. GameStop Corp. has a 12 month low of $20.10 and a 12 month high of $35.17. The company has a market capitalization of $2.54 billion, a P/E ratio of 6.51 and a beta of 1.16. The stock has a 50 day moving average of $23.86 and a 200-day moving average of $27.33.
GameStop Corp. (NYSE:GME) last announced its earnings results on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. GameStop Corp. had a return on equity of 18.72% and a net margin of 4.32%. The business earned $1.96 billion during the quarter. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts expect that GameStop Corp. will post $3.71 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend is Tuesday, November 29th. GameStop Corp.’s dividend payout ratio is 39.47%.
Several research firms have recently issued reports on GME. Pacific Crest reaffirmed a “hold” rating on shares of GameStop Corp. in a research note on Monday, August 22nd. Robert W. Baird reaffirmed an “outperform” rating and set a $42.00 price target on shares of GameStop Corp. in a research note on Wednesday, August 3rd. Piper Jaffray Cos. reaffirmed an “outperform” rating and set a $41.00 price target on shares of GameStop Corp. in a research note on Friday, August 26th. Wedbush set a $36.00 price target on GameStop Corp. and gave the stock a “buy” rating in a research note on Sunday, August 28th. Finally, Vetr raised GameStop Corp. from a “buy” rating to a “strong-buy” rating and set a $33.63 price target for the company in a research note on Monday, August 29th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.86.
In related news, EVP Michael Mauler bought 10,000 shares of GameStop Corp. stock in a transaction dated Thursday, September 15th. The stock was acquired at an average cost of $26.91 per share, with a total value of $269,100.00. Following the completion of the acquisition, the executive vice president now directly owns 120,922 shares in the company, valued at approximately $3,254,011.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.
About GameStop Corp.
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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