Cambridge Investment Research Advisors Inc. Sells 7,097 Shares of Gamestop Corporation (GME)
Cambridge Investment Research Advisors Inc. trimmed its stake in Gamestop Corporation (NYSE:GME) by 24.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,495 shares of the company’s stock after selling 7,097 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Gamestop Corporation were worth $486,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of GME. Camarda Financial Advisors LLC lifted its stake in Gamestop Corporation by 9.4% in the second quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock valued at $112,000 after buying an additional 447 shares during the last quarter. Westpac Banking Corp bought a new stake in Gamestop Corporation in the first quarter valued at $134,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Gamestop Corporation by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock valued at $149,000 after buying an additional 3,700 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Gamestop Corporation by 17.3% in the second quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock valued at $178,000 after buying an additional 1,213 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Gamestop Corporation by 22.4% in the second quarter. Sei Investments Co. now owns 9,431 shares of the company’s stock valued at $204,000 after buying an additional 1,725 shares during the last quarter.
A number of research firms have issued reports on GME. ValuEngine cut Gamestop Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reiterated an “outperform” rating and issued a $24.00 target price on shares of Gamestop Corporation in a research note on Tuesday, August 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a research note on Friday, August 25th. Loop Capital reiterated a “buy” rating and issued a $28.00 target price on shares of Gamestop Corporation in a research note on Wednesday, August 23rd. Finally, Telsey Advisory Group cut Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.16.
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Gamestop Corporation (NYSE GME) opened at 19.20 on Tuesday. Gamestop Corporation has a 12-month low of $18.47 and a 12-month high of $28.58. The company’s 50-day moving average price is $20.75 and its 200-day moving average price is $22.25. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 5.78 and a beta of 1.19.
Gamestop Corporation (NYSE:GME) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company earned $0.27 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Equities analysts expect that Gamestop Corporation will post $3.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.92%. The ex-dividend date is Thursday, September 7th. Gamestop Corporation’s dividend payout ratio (DPR) is presently 45.65%.
Gamestop Corporation Profile
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. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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