GameStop Corp. $GME Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in GameStop Corp. (NYSE:GME) by 199.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,877 shares of the company’s stock after buying an additional 15,900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in GameStop were worth $582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC raised its holdings in shares of GameStop by 1.9% during the 2nd quarter. Wealthfront Advisers LLC now owns 30,761 shares of the company’s stock worth $750,000 after acquiring an additional 576 shares during the period. AlphaQuest LLC grew its holdings in shares of GameStop by 450.9% in the second quarter. AlphaQuest LLC now owns 7,817 shares of the company’s stock valued at $191,000 after purchasing an additional 6,398 shares during the period. Forum Financial Management LP increased its position in GameStop by 7.0% during the second quarter. Forum Financial Management LP now owns 17,377 shares of the company’s stock worth $424,000 after purchasing an additional 1,132 shares during the last quarter. Bogart Wealth LLC increased its position in GameStop by 25.0% during the second quarter. Bogart Wealth LLC now owns 5,000 shares of the company’s stock worth $122,000 after purchasing an additional 1,000 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in GameStop during the second quarter worth about $1,829,000. 29.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GameStop

In other GameStop news, insider Daniel William Moore sold 6,509 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total value of $179,518.22. Following the sale, the insider owned 112,620 shares of the company’s stock, valued at $3,106,059.60. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Mark Haymond Robinson sold 4,449 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total value of $122,703.42. Following the transaction, the general counsel owned 112,302 shares in the company, valued at $3,097,289.16. This trade represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 11,788 shares of company stock worth $321,046. Company insiders own 8.58% of the company’s stock.

GameStop Stock Down 1.2%

Shares of NYSE:GME opened at $22.32 on Friday. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 30.58 and a beta of -0.86. GameStop Corp. has a 12-month low of $20.73 and a 12-month high of $35.81. The business has a 50-day moving average price of $24.24 and a 200 day moving average price of $25.10. The company has a current ratio of 11.37, a quick ratio of 10.79 and a debt-to-equity ratio of 0.80.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, September 9th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. GameStop had a net margin of 9.41% and a return on equity of 7.72%. The company had revenue of $972.20 million for the quarter, compared to analysts’ expectations of $823.25 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. GameStop’s revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of GameStop in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $13.50.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.