Advisor Group Inc. lowered its holdings in Gamestop Corporation (NYSE:GME) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,782 shares of the company’s stock after selling 4,331 shares during the period. Advisor Group Inc.’s holdings in Gamestop Corporation were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Balasa Dinverno & Foltz LLC grew its position in Gamestop Corporation by 112.1% in the third quarter. Balasa Dinverno & Foltz LLC now owns 37,689 shares of the company’s stock valued at $779,000 after purchasing an additional 19,921 shares in the last quarter. Paradice Investment Management LLC grew its position in Gamestop Corporation by 13.2% in the second quarter. Paradice Investment Management LLC now owns 942,263 shares of the company’s stock valued at $20,362,000 after purchasing an additional 110,100 shares in the last quarter. Heartland Advisors Inc. grew its position in Gamestop Corporation by 12.5% in the second quarter. Heartland Advisors Inc. now owns 450,000 shares of the company’s stock valued at $9,725,000 after purchasing an additional 50,000 shares in the last quarter. Commonwealth Bank of Australia grew its position in Gamestop Corporation by 12.4% in the second quarter. Commonwealth Bank of Australia now owns 284,726 shares of the company’s stock valued at $6,152,000 after purchasing an additional 31,500 shares in the last quarter. Finally, State Street Corp grew its position in Gamestop Corporation by 1.6% in the second quarter. State Street Corp now owns 3,020,149 shares of the company’s stock valued at $65,265,000 after purchasing an additional 46,169 shares in the last quarter.

Shares of Gamestop Corporation (GME) opened at $17.42 on Friday. The company has a market cap of $1,759.71, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 0.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.49. Gamestop Corporation has a 12 month low of $15.85 and a 12 month high of $26.84.

Gamestop Corporation (NYSE:GME) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Gamestop Corporation had a net margin of 3.98% and a return on equity of 16.50%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. equities research analysts expect that Gamestop Corporation will post 3.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date of this dividend is Thursday, November 30th. Gamestop Corporation’s dividend payout ratio is presently 44.31%.

GME has been the subject of a number of analyst reports. ValuEngine downgraded shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Loop Capital reiterated a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Gamestop Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, October 25th. Wedbush set a $25.00 price target on shares of Gamestop Corporation and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Vetr cut shares of Gamestop Corporation from a “strong-buy” rating to a “hold” rating and set a $16.58 price target for the company. in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Gamestop Corporation presently has a consensus rating of “Hold” and a consensus target price of $23.47.

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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.

Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

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