WINTON GROUP Ltd Makes New $5.11 Million Investment in GameStop Corp. $GME

WINTON GROUP Ltd bought a new position in GameStop Corp. (NYSE:GME) during the second quarter, HoldingsChannel.com reports. The fund bought 231,492 shares of the company’s stock, valued at approximately $5,111,000.

Several other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in GameStop by 312.2% in the first quarter. AQR Capital Management LLC now owns 29,438 shares of the company’s stock worth $623,000 after acquiring an additional 22,297 shares in the last quarter. Goldman Sachs Group Inc. raised its position in GameStop by 33.2% during the first quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company’s stock valued at $5,851,000 after purchasing an additional 65,325 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of GameStop by 9.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company’s stock valued at $25,255,000 after purchasing an additional 94,892 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of GameStop by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 35,473 shares of the company’s stock valued at $865,000 after purchasing an additional 2,162 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of GameStop by 226.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after purchasing an additional 886 shares during the period. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on GME shares. Wall Street Zen downgraded GameStop from a “buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, GameStop currently has a consensus rating of “Hold”.

Insider Activity at GameStop

In other GameStop news, insider Daniel Moore sold 7,085 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total value of $158,562.30. Following the transaction, the insider owned 115,125 shares of the company’s stock, valued at $2,576,497.50. This represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Cohen bought 1,000,000 shares of GameStop stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $20.38 per share, for a total transaction of $20,380,000.00. Following the purchase, the chief executive officer owned 39,347,842 shares of the company’s stock, valued at approximately $801,909,019.96. This trade represents a 2.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 1,060,000 shares of company stock worth $21,514,000 and have sold 18,125 shares worth $406,587. 9.50% of the stock is owned by insiders.

More GameStop News

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: CEO Ryan Cohen purchased 1 million GME shares for approximately $20.4 million, increasing his ownership by 2.61%. Director Alain Attal also bought 5,000 shares for $100,000, while Director James Grube purchased 10,255 shares for roughly $196,000. The purchases may reinforce investor confidence in GameStop’s valuation and strategy. Ryan Cohen GameStop stock purchase filing James Grube GameStop stock purchase
• Positive Sentiment: Director Lawrence Cheng recently bought 55,000 shares for about $1.03 million, increasing his direct stake by 62.5%. The cluster of insider buying following earnings is supporting the bullish case among retail investors. Lawrence Cheng GameStop stock purchase
• Positive Sentiment: GameStop reported adjusted EPS of $0.27, matching consensus, while revenue of $790.2 million exceeded estimates near $756.8 million. Collectibles revenue jumped 57%, providing evidence that the company’s merchandise strategy may be gaining traction. GameStop second-quarter earnings beat
• Neutral Sentiment: Unusually high call-option activity and speculation about how Ryan Cohen may deploy GameStop’s large cash balance are adding to trading momentum, but they do not establish a fundamental change in the business. Reports that GameStop may reconsider an eBay bid also remain unconfirmed. GameStop eBay speculation and earnings
• Negative Sentiment: Revenue declined 18.7% year over year and EPS fell from $0.31 to $0.27, with software and hardware sales weakening. Analysts continue to question whether collectibles growth can offset contraction in GameStop’s traditional gaming operations; one report favors eBay as the cleaner, more profitable investment. GameStop comeback case and eBay comparison

GameStop Stock Performance

GameStop stock opened at $20.42 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 11.91. The firm has a market capitalization of $9.16 billion, a P/E ratio of 13.43 and a beta of 1.72. GameStop Corp. has a 1-year low of $17.79 and a 1-year high of $28.10. The company’s 50-day moving average is $20.06 and its 200 day moving average is $21.99.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, September 8th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $790.20 million during the quarter, compared to analyst estimates of $756.85 million. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The company’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share.

About GameStop

GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.

Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.