GameStop Corp. $GME Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in shares of GameStop Corp. (NYSE:GME) by 347.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,657,678 shares of the company’s stock after purchasing an additional 5,170,741 shares during the period. Marshall Wace LLP owned about 1.49% of GameStop worth $162,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of GameStop in the 1st quarter valued at $1,442,000. Bayforest Capital Ltd raised its position in shares of GameStop by 654.6% in the first quarter. Bayforest Capital Ltd now owns 15,212 shares of the company’s stock worth $340,000 after acquiring an additional 13,196 shares during the period. Triumph Capital Management boosted its stake in shares of GameStop by 194.6% during the 2nd quarter. Triumph Capital Management now owns 35,155 shares of the company’s stock worth $857,000 after acquiring an additional 23,222 shares in the last quarter. Northern Trust Corp grew its position in shares of GameStop by 0.4% during the 1st quarter. Northern Trust Corp now owns 3,183,116 shares of the company’s stock valued at $71,047,000 after acquiring an additional 11,813 shares during the period. Finally, Invesco Ltd. increased its stake in shares of GameStop by 12.3% in the 1st quarter. Invesco Ltd. now owns 657,703 shares of the company’s stock valued at $14,680,000 after purchasing an additional 71,946 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of GameStop in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GameStop has a consensus rating of “Reduce” and a consensus price target of $13.50.

GameStop Stock Down 1.2%

GME stock opened at $22.92 on Friday. GameStop Corp. has a 52 week low of $19.93 and a 52 week high of $35.81. The company has a quick ratio of 10.79, a current ratio of 11.37 and a debt-to-equity ratio of 0.80. The firm has a 50-day simple moving average of $22.90 and a 200-day simple moving average of $24.14. The stock has a market capitalization of $10.27 billion, a P/E ratio of 31.40 and a beta of -1.30.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, September 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06. GameStop had a return on equity of 7.72% and a net margin of 9.41%.The company had revenue of $972.20 million for the quarter, compared to analysts’ expectations of $823.25 million. During the same period in the previous year, the firm posted $0.04 EPS. GameStop’s revenue was up 21.8% compared to the same quarter last year. Equities analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at GameStop

In other news, General Counsel Mark Haymond Robinson sold 4,449 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $27.58, for a total value of $122,703.42. Following the completion of the sale, the general counsel directly owned 112,302 shares in the company, valued at $3,097,289.16. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel William Moore sold 6,509 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total transaction of $179,518.22. Following the completion of the transaction, the insider directly owned 112,620 shares in the company, valued at approximately $3,106,059.60. This represents a 5.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.58% of the stock is currently owned by insiders.

About GameStop

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.