Clark Estates Inc. NY raised its position in Gamestop Corporation (NYSE:GME) by 20.3% during the second quarter, Holdings Channel reports. The fund owned 136,500 shares of the company’s stock after buying an additional 23,000 shares during the period. Clark Estates Inc. NY’s holdings in Gamestop Corporation were worth $2,950,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. James Investment Research Inc. raised its stake in shares of Gamestop Corporation by 21.0% in the first quarter. James Investment Research Inc. now owns 4,630 shares of the company’s stock worth $104,000 after buying an additional 805 shares during the last quarter. Camarda Financial Advisors LLC increased its position in Gamestop Corporation by 9.4% in the second quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock worth $112,000 after buying an additional 447 shares during the period. Westpac Banking Corp purchased a new position in Gamestop Corporation during the first quarter worth approximately $134,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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. Finally, LS Investment Advisors LLC increased its position in 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. 99.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gamestop Corporation (NYSE:GME) opened at 21.76 on Friday. Gamestop Corporation has a 12-month low of $20.10 and a 12-month high of $32.67. The stock’s 50 day moving average price is $21.35 and its 200-day moving average price is $22.97. The company has a market cap of $2.20 billion, a PE ratio of 6.48 and a beta of 1.20.

Gamestop Corporation (NYSE:GME) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, equities research analysts forecast that Gamestop Corporation will post $3.32 earnings per share for the current year.

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A number of equities analysts recently commented on GME shares. Vetr downgraded Gamestop Corporation from a “strong-buy” rating to a “buy” rating and set a $26.42 price target for the company. in a research note on Wednesday, April 26th. Mizuho reiterated a “buy” rating and issued a $27.00 price target on shares of Gamestop Corporation in a research note on Tuesday, April 18th. Loop Capital reiterated a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a research note on Sunday, May 28th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a research note on Thursday, May 25th. Finally, Bank of America Corporation set a $27.00 price target on Gamestop Corporation and gave the stock a “hold” rating in a research note on Saturday, May 13th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

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