Acadian Asset Management LLC Has $324,000 Stake in Gamestop Corporation (GME)
Acadian Asset Management LLC boosted its position in Gamestop Corporation (NYSE:GME) by 5,412.5% during the second quarter, Holdings Channel reports. The fund owned 14,994 shares of the company’s stock after buying an additional 14,722 shares during the period. Acadian Asset Management LLC’s holdings in Gamestop Corporation were worth $324,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Gamestop Corporation by 95.1% in the second quarter. Russell Investments Group Ltd. now owns 65,109 shares of the company’s stock worth $1,410,000 after buying an additional 31,734 shares during the last quarter. Greenleaf Trust purchased a new position in shares of Gamestop Corporation during the second quarter worth about $277,000. Quantitative Systematic Strategies LLC increased its position in shares of Gamestop Corporation by 259.5% in the second quarter. Quantitative Systematic Strategies LLC now owns 94,232 shares of the company’s stock worth $2,036,000 after buying an additional 68,018 shares during the last quarter. State Treasurer State of Michigan increased its position in shares of Gamestop Corporation by 0.7% in the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock worth $901,000 after buying an additional 300 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Gamestop Corporation by 23.7% in the second quarter. Aperio Group LLC now owns 402,469 shares of the company’s stock worth $8,697,000 after buying an additional 77,091 shares during the last quarter.
Shares of Gamestop Corporation (NYSE GME) traded down 2.79% during mid-day trading on Tuesday, reaching $21.24. 2,056,822 shares of the company’s stock traded hands. Gamestop Corporation has a one year low of $20.10 and a one year high of $32.67. The firm’s 50-day moving average is $21.39 and its 200 day moving average is $22.94. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 6.33 and a beta of 1.20.
Gamestop Corporation (NYSE:GME) last announced its earnings results on Thursday, May 25th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Analysts predict that Gamestop Corporation will post $3.32 earnings per share for the current year.
A number of research analysts have recently issued reports on the stock. Telsey Advisory Group downgraded shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research report on Friday. Zacks Investment Research upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a research note on Tuesday, June 20th. Finally, Vetr cut shares of Gamestop Corporation from a “strong-buy” rating to a “strong sell” rating and set a $16.96 target price for the company. in a research note on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Gamestop Corporation has an average rating of “Hold” and an average target price of $24.84.
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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