18,743 Shares in Gamestop Corporation (GME) Acquired by Shell Asset Management Co.
Shell Asset Management Co. acquired a new position in Gamestop Corporation (NYSE:GME) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 18,743 shares of the company’s stock, valued at approximately $772,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GME. BlackRock Inc. increased its holdings in Gamestop Corporation by 11,239.8% in the 1st quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock worth $186,314,000 after buying an additional 8,189,420 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Gamestop Corporation by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock worth $183,720,000 after purchasing an additional 2,353,774 shares during the last quarter. Numeric Investors LLC purchased a new position in Gamestop Corporation in the second quarter worth about $34,679,000. Balyasny Asset Management LLC boosted its position in Gamestop Corporation by 1,459.9% in the second quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock worth $15,663,000 after purchasing an additional 678,335 shares during the last quarter. Finally, Morgan Stanley boosted its position in Gamestop Corporation by 51.6% in the first quarter. Morgan Stanley now owns 1,234,663 shares of the company’s stock worth $27,841,000 after purchasing an additional 420,120 shares during the last quarter.
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GME has been the topic of several research reports. ValuEngine cut Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Loop Capital reissued a “buy” rating and issued a $28.00 target price on shares of Gamestop Corporation in a research report on Wednesday, August 23rd. Zacks Investment Research cut Gamestop Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Robert W. Baird reissued a “buy” rating and issued a $24.00 target price on shares of Gamestop Corporation in a research report on Tuesday, September 26th. Finally, Vetr raised Gamestop Corporation from a “buy” rating to a “strong-buy” rating and set a $33.36 target price on the stock in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Gamestop Corporation has an average rating of “Buy” and a consensus price target of $25.24.
Gamestop Corporation (NYSE:GME) last posted its earnings results on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share.
About Gamestop Corporation
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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