Foundations Investment Advisors LLC Purchases 8,336 Shares of GameStop Corp. $GME

Foundations Investment Advisors LLC grew its position in shares of GameStop Corp. (NYSE:GME) by 22.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 45,069 shares of the company’s stock after acquiring an additional 8,336 shares during the period. Foundations Investment Advisors LLC’s holdings in GameStop were worth $1,099,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Alyeska Investment Group L.P. lifted its position in GameStop by 895.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,641,427 shares of the company’s stock worth $58,957,000 after buying an additional 2,376,051 shares during the last quarter. Nuveen LLC purchased a new position in shares of GameStop during the first quarter worth approximately $33,741,000. Jump Financial LLC bought a new stake in shares of GameStop in the 1st quarter worth approximately $5,725,000. Marathon Trading Investment Management LLC boosted its stake in shares of GameStop by 211.1% in the 1st quarter. Marathon Trading Investment Management LLC now owns 349,280 shares of the company’s stock valued at $7,796,000 after purchasing an additional 236,996 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of GameStop in the 1st quarter valued at $2,967,000. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop Trading Down 0.8%

NYSE:GME opened at $20.49 on Tuesday. The firm has a market capitalization of $9.18 billion, a P/E ratio of 28.07 and a beta of -1.00. The company has a quick ratio of 10.79, a current ratio of 11.37 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average of $23.95 and a 200 day moving average of $24.63. GameStop Corp. has a 52 week low of $20.27 and a 52 week high of $35.81.

GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, September 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $972.20 million for the quarter, compared to analyst estimates of $823.25 million. GameStop had a net margin of 9.41% and a return on equity of 7.72%. The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. On average, research analysts predict that GameStop Corp. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of GameStop in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $13.50.

Insider Transactions at GameStop

In other news, General Counsel Mark Haymond Robinson sold 4,449 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total transaction of $122,703.42. Following the transaction, the general counsel directly owned 112,302 shares of the company’s stock, valued at approximately $3,097,289.16. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 6,509 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $27.58, for a total value of $179,518.22. Following the transaction, the insider owned 112,620 shares of the company’s stock, valued at approximately $3,106,059.60. This represents a 5.46% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,788 shares of company stock worth $321,046. 8.58% of the stock is owned by company insiders.

GameStop Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.