Profund Advisors LLC cut its position in shares of Gamestop Corporation (NYSE:GME) by 32.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,771 shares of the company’s stock after selling 5,562 shares during the period. Profund Advisors LLC’s holdings in Gamestop Corporation were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GME. Russell Investments Group Ltd. increased its position in shares of Gamestop Corporation by 5.5% during the first quarter. Russell Investments Group Ltd. now owns 33,375 shares of the company’s stock valued at $754,000 after purchasing an additional 1,725 shares during the period. UBS Asset Management Americas Inc. grew its position in Gamestop Corporation by 15.2% in the first quarter. UBS Asset Management Americas Inc. now owns 93,790 shares of the company’s stock valued at $2,115,000 after acquiring an additional 12,366 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Gamestop Corporation by 1.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,270 shares of the company’s stock valued at $322,000 after acquiring an additional 230 shares during the period. Victory Capital Management Inc. grew its position in Gamestop Corporation by 30.8% in the first quarter. Victory Capital Management Inc. now owns 16,429 shares of the company’s stock valued at $370,000 after acquiring an additional 3,868 shares during the period. Finally, Blair William & Co. IL grew its position in Gamestop Corporation by 7.9% in the first quarter. Blair William & Co. IL now owns 13,668 shares of the company’s stock valued at $318,000 after acquiring an additional 1,000 shares during the period.

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A number of brokerages have weighed in on GME. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a research report on Friday, August 25th. 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. Robert W. Baird reiterated an “outperform” rating and issued a $24.00 price target on shares of Gamestop Corporation in a research report on Tuesday, August 29th. ValuEngine cut Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.53.

Shares of Gamestop Corporation (GME) opened at 19.59 on Thursday. The company has a market cap of $1.98 billion, a PE ratio of 5.90 and a beta of 1.19. Gamestop Corporation has a one year low of $18.47 and a one year high of $26.86. The stock’s 50 day moving average price is $19.92 and its 200 day moving average price is $21.56.

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 Thomson Reuters’ 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 business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that Gamestop Corporation will post $3.30 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Friday, September 8th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 7.76%. Gamestop Corporation’s dividend payout ratio is currently 45.65%.

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.

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Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

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