LSV Asset Management Sells 3,100 Shares of GameStop Corp. (GME)
LSV Asset Management lowered its stake in shares of GameStop Corp. (NYSE:GME) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,302,009 shares of the company’s stock after selling 3,100 shares during the period. LSV Asset Management owned about 3.18% of GameStop Corp. worth $91,102,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in GME. Point View Wealth Management Inc. increased its stake in GameStop Corp. by 1.5% in the second quarter. Point View Wealth Management Inc. now owns 13,057 shares of the company’s stock valued at $347,000 after buying an additional 192 shares in the last quarter. 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 valued at $105,000 after buying an additional 320 shares in the last quarter. M&T Bank Corp increased its stake in GameStop Corp. by 2.1% in the third quarter. M&T Bank Corp now owns 16,103 shares of the company’s stock valued at $445,000 after buying an additional 333 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in GameStop Corp. by 0.6% in the third quarter. Mutual of America Capital Management LLC now owns 79,358 shares of the company’s stock valued at $2,189,000 after buying an additional 508 shares in the last quarter. Finally, 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 valued at $131,000 after buying an additional 542 shares in the last quarter.
Shares of GameStop Corp. (NYSE:GME) opened at 24.49 on Wednesday. The company’s 50-day moving average price is $23.86 and its 200-day moving average price is $27.33. The stock has a market cap of $2.54 billion, a PE ratio of 6.51 and a beta of 1.16. GameStop Corp. has a one year low of $20.10 and a one year high of $35.17.
GameStop Corp. (NYSE:GME) last posted its earnings results on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The business earned $1.96 billion during the quarter. GameStop Corp. had a return on equity of 18.72% and a net margin of 4.32%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Equities research analysts anticipate that GameStop Corp. will post $3.71 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Thursday, December 1st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date is Tuesday, November 29th. GameStop Corp.’s payout ratio is 39.47%.
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Several research firms have recently commented on GME. Wedbush set a $36.00 price objective on GameStop Corp. and gave the company a “buy” rating in a report on Sunday, August 28th. Pacific Crest reiterated a “hold” rating on shares of GameStop Corp. in a report on Sunday, August 28th. Vetr upgraded GameStop Corp. from a “buy” rating to a “strong-buy” rating and set a $33.63 price target for the company in a report on Tuesday, August 2nd. Benchmark Co. reiterated a “sell” rating and set a $20.11 price target (down previously from $20.67) on shares of GameStop Corp. in a report on Tuesday. Finally, Robert W. Baird reiterated an “outperform” rating and set a $25.00 price target on shares of GameStop Corp. in a report on Wednesday, November 23rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.86.
In other GameStop Corp. news, EVP Michael Mauler bought 10,000 shares of GameStop Corp. stock in a transaction on Thursday, September 15th. The stock was acquired at an average price of $26.91 per share, with a total value of $269,100.00. Following the acquisition, the executive vice president now owns 120,922 shares in the company, valued at $3,254,011.02. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.
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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