Dimensional Fund Advisors LP Increases Holdings in GameStop Corp. $GME

Dimensional Fund Advisors LP increased its holdings in shares of GameStop Corp. (NYSE:GME) by 189.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,909,284 shares of the company’s stock after purchasing an additional 2,557,079 shares during the quarter. Dimensional Fund Advisors LP’s holdings in GameStop were worth $90,046,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of GameStop by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company’s stock valued at $147,431,000 after buying an additional 92,996 shares during the last quarter. Virtu Financial LLC purchased a new position in GameStop during the fourth quarter valued at $1,745,000. Northwestern Mutual Wealth Management Co. increased its holdings in GameStop by 13,283.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,682 shares of the company’s stock valued at $2,604,000 after acquiring an additional 128,713 shares during the last quarter. Pacer Advisors Inc. lifted its stake in GameStop by 19.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company’s stock worth $22,340,000 after purchasing an additional 180,356 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in GameStop in the 1st quarter worth $2,753,000. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop Trading Down 1.4%

Shares of NYSE GME opened at $21.84 on Thursday. GameStop Corp. has a 1-year low of $19.93 and a 1-year high of $28.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 12.40 and a quick ratio of 11.91. The business’s 50 day moving average is $21.85 and its two-hundred day moving average is $22.92. The stock has a market capitalization of $9.80 billion, a P/E ratio of 16.55 and a beta of 1.76.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $835.30 million during the quarter, compared to analyst estimates of $766.63 million. GameStop had a return on equity of 13.75% and a net margin of 20.45%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wall Street Zen raised GameStop from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Insiders Place Their Bets

In related news, insider Daniel William Moore sold 7,085 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $22.38, for a total transaction of $158,562.30. Following the transaction, the insider directly owned 115,125 shares in the company, valued at approximately $2,576,497.50. This represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 3,957 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $22.62, for a total value of $89,507.34. Following the transaction, the general counsel owned 104,190 shares of the company’s stock, valued at $2,356,777.80. This trade represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 18,125 shares of company stock valued at $406,587. 9.50% of the stock is owned by corporate insiders.

GameStop Company Profile

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.