Point72 Asset Management L.P. Boosts Stake in GameStop Corp. (GME)
Point72 Asset Management L.P. lifted its position in GameStop Corp. (NYSE:GME) by 210.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,224 shares of the company’s stock after buying an additional 221,224 shares during the period. Point72 Asset Management L.P. owned approximately 0.11% of GameStop worth $2,401,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Balasa Dinverno & Foltz LLC raised its stake in shares of GameStop by 112.1% in the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 37,689 shares of the company’s stock worth $779,000 after buying an additional 19,921 shares in the last quarter. Paradice Investment Management LLC raised its stake in shares of GameStop by 13.2% in the 2nd quarter. Paradice Investment Management LLC now owns 942,263 shares of the company’s stock worth $20,362,000 after buying an additional 110,100 shares in the last quarter. Heartland Advisors Inc. grew its holdings in shares of GameStop by 12.5% in the 2nd quarter. Heartland Advisors Inc. now owns 450,000 shares of the company’s stock worth $9,725,000 after acquiring an additional 50,000 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of GameStop by 12.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 284,726 shares of the company’s stock worth $6,152,000 after acquiring an additional 31,500 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of GameStop by 1.6% in the 2nd quarter. State Street Corp now owns 3,020,149 shares of the company’s stock worth $65,265,000 after acquiring an additional 46,169 shares during the last quarter.
GameStop Corp. (NYSE GME) opened at $18.25 on Thursday. GameStop Corp. has a twelve month low of $15.85 and a twelve month high of $26.68. The company has a current ratio of 1.20, a quick ratio of 0.38 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1,862.99, a price-to-earnings ratio of 4.97, a PEG ratio of 0.37 and a beta of 1.26.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st were paid a $0.38 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.52 dividend on an annualized basis and a yield of 8.33%. GameStop’s dividend payout ratio (DPR) is currently 44.31%.
In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the transaction, the director now owns 13,474 shares in the company, valued at $241,319.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.
GME has been the topic of a number of recent research reports. Oppenheimer restated a “hold” rating on shares of GameStop in a report on Wednesday, November 22nd. Loop Capital restated a “buy” rating and issued a $28.00 target price on shares of GameStop in a report on Wednesday, November 22nd. Benchmark restated a “sell” rating and issued a $15.00 target price (down from $18.00) on shares of GameStop in a report on Wednesday, November 22nd. ValuEngine upgraded GameStop from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Bank of America restated a “hold” rating and issued a $23.00 target price on shares of GameStop in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. GameStop presently has a consensus rating of “Hold” and an average target price of $23.47.
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GameStop 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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