Numeric Investors LLC Buys New Position in Gamestop Corporation (GME)
Numeric Investors LLC bought a new stake in shares of Gamestop Corporation (NYSE:GME) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,604,789 shares of the company’s stock, valued at approximately $34,679,000. Numeric Investors LLC owned approximately 1.58% of Gamestop Corporation at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Camarda Financial Advisors LLC lifted its holdings in shares of Gamestop Corporation by 9.4% during the 2nd 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 acquired a new stake in Gamestop Corporation in the 1st quarter worth approximately $134,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Gamestop Corporation by 126.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock worth $149,000 after purchasing an additional 3,700 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in Gamestop Corporation in the 2nd quarter worth approximately $162,000. Finally, LS Investment Advisors LLC lifted its holdings in Gamestop Corporation by 17.3% in the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock worth $178,000 after purchasing an additional 1,213 shares during the last quarter.
Shares of Gamestop Corporation (GME) traded down 0.312% during trading on Thursday, reaching $20.785. The company’s stock had a trading volume of 196,874 shares. Gamestop Corporation has a 52-week low of $18.47 and a 52-week high of $28.58. The stock has a market cap of $2.11 billion, a P/E ratio of 6.255 and a beta of 1.19. The stock has a 50-day moving average of $20.49 and a 200-day moving average of $22.00.
Gamestop Corporation (NYSE:GME) last posted its 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). The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Analysts predict that Gamestop Corporation will post $3.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 7.29%. Gamestop Corporation’s dividend payout ratio is currently 45.65%.
A number of brokerages have recently commented on GME. Zacks Investment Research upgraded Gamestop Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird restated a “buy” rating and set a $24.00 price objective on shares of Gamestop Corporation in a research report on Tuesday. BidaskClub upgraded Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Telsey Advisory Group cut Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. Finally, Loop Capital reiterated a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.53.
Gamestop Corporation Company 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.
Receive News & Stock Ratings for Gamestop Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gamestop Corporation and related stocks with our FREE daily email newsletter.