Capital Fund Management S.A. Decreases Stake in GameStop Corp. $GME

Capital Fund Management S.A. decreased its position in GameStop Corp. (NYSE:GME) by 35.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 458,268 shares of the company’s stock after selling 256,617 shares during the period. Capital Fund Management S.A. owned 0.10% of GameStop worth $12,502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. City Holding Co. bought a new position in shares of GameStop in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in GameStop by 226.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after acquiring an additional 886 shares during the period. Bessemer Group Inc. boosted its position in GameStop by 39.2% in the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company’s stock worth $46,000 after purchasing an additional 471 shares during the last quarter. Jones Financial Companies Lllp boosted its position in GameStop by 83.2% in the third quarter. Jones Financial Companies Lllp now owns 3,036 shares of the company’s stock worth $80,000 after purchasing an additional 1,379 shares during the last quarter. Finally, CI Investments Inc. grew its stake in GameStop by 32.4% in the 3rd quarter. CI Investments Inc. now owns 3,448 shares of the company’s stock valued at $94,000 after purchasing an additional 844 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Stock Down 0.1%

GameStop stock opened at $24.44 on Friday. The firm has a 50 day moving average price of $23.24 and a 200-day moving average price of $23.09. The company has a quick ratio of 9.77, a current ratio of 10.39 and a debt-to-equity ratio of 0.78. GameStop Corp. has a twelve month low of $19.93 and a twelve month high of $35.81. The company has a market capitalization of $10.95 billion, a P/E ratio of 29.81 and a beta of 2.12.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The company had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $987.29 million. During the same quarter in the previous year, the firm posted $0.06 EPS. GameStop’s revenue was down 4.6% on a year-over-year basis. As a group, equities analysts predict that GameStop Corp. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, GameStop currently has an average rating of “Reduce” and an average price target of $13.50.

Insiders Place Their Bets

In other news, CEO Ryan Cohen bought 500,000 shares of the stock in a transaction on Tuesday, January 20th. The shares were purchased at an average cost of $21.12 per share, for a total transaction of $10,560,000.00. Following the completion of the purchase, the chief executive officer directly owned 37,847,842 shares in the company, valued at $799,346,423.04. This represents a 1.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alain Attal purchased 12,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were purchased at an average cost of $20.90 per share, for a total transaction of $250,800.00. Following the transaction, the director directly owned 596,464 shares in the company, valued at approximately $12,466,097.60. The trade was a 2.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 517,000 shares of company stock valued at $10,925,150 and sold 23,152 shares valued at $480,059. Corporate insiders own 8.58% of the company’s stock.

GameStop 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.