Aviance Capital Management LLC purchased a new stake in Gamestop Corporation (NYSE:GME) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 41,477 shares of the company’s stock, valued at approximately $896,000.

A number of other large investors also recently added to or reduced their stakes in GME. Camarda Financial Advisors LLC lifted its stake in shares of Gamestop Corporation by 9.4% during the second quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock worth $112,000 after purchasing an additional 447 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Gamestop Corporation in the first quarter worth about $134,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Gamestop Corporation by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock worth $149,000 after buying an additional 3,700 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Gamestop Corporation in the second quarter worth about $162,000. Finally, LS Investment Advisors LLC boosted its position in shares of Gamestop Corporation by 17.3% in the second quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock worth $178,000 after buying an additional 1,213 shares during the period.

Shares of Gamestop Corporation (NYSE:GME) traded down 1.56% during mid-day trading on Tuesday, reaching $20.15. The company’s stock had a trading volume of 402,250 shares. Gamestop Corporation has a 12 month low of $18.47 and a 12 month high of $27.84. The stock has a market capitalization of $2.04 billion, a P/E ratio of 6.06 and a beta of 1.19. The company has a 50 day moving average price of $20.15 and a 200 day moving average price of $21.72.

Gamestop Corporation (NYSE:GME) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Gamestop Corporation will post $3.30 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Friday, September 8th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.43%. The ex-dividend date was Thursday, September 7th. Gamestop Corporation’s payout ratio is presently 45.65%.

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GME has been the topic of several recent research reports. ValuEngine lowered Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Loop Capital restated a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a report on Wednesday, August 23rd. Zacks Investment Research downgraded shares of Gamestop Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Vetr raised shares of Gamestop Corporation from a “buy” rating to a “strong-buy” rating and set a $33.36 price objective for the company in a research report on Friday, September 15th. Finally, Robert W. Baird reiterated a “buy” rating and set a $24.00 price objective on shares of Gamestop Corporation in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Gamestop Corporation presently has an average rating of “Hold” and a consensus price target of $25.53.

Gamestop Corporation Company Profile

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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