GameStop Corp. (GME) Stake Lifted by Coastline Trust Co
Coastline Trust Co lifted its holdings in GameStop Corp. (NYSE:GME) by 59.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,360 shares of the company’s stock after purchasing an additional 8,340 shares during the quarter. Coastline Trust Co’s holdings in GameStop were worth $462,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Balasa Dinverno & Foltz LLC lifted its holdings in shares of GameStop 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 buying an additional 19,921 shares during the period. Paradice Investment Management LLC lifted its holdings in shares of GameStop 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 buying an additional 110,100 shares during the period. Heartland Advisors Inc. lifted its holdings in shares of GameStop 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 buying an additional 50,000 shares during the period. Commonwealth Bank of Australia lifted its holdings in shares of GameStop 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 buying an additional 31,500 shares during the period. Finally, State Street Corp lifted its holdings in shares of GameStop 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 buying an additional 46,169 shares during the period.
Shares of GameStop Corp. (GME) traded down $0.29 during trading on Friday, reaching $18.38. The company had a trading volume of 2,818,700 shares, compared to its average volume of 2,876,824. The stock has a market cap of $1,891.35, a P/E ratio of 5.05, a P/E/G ratio of 0.38 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. GameStop Corp. has a 1 year low of $15.85 and a 1 year high of $26.68.
GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.11. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. research analysts forecast that GameStop Corp. will post 3.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.27%. The ex-dividend date of this dividend was Thursday, November 30th. GameStop’s dividend payout ratio is currently 44.31%.
In related news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the completion of the sale, the director now directly owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.
Several brokerages have recently weighed in on GME. Robert W. Baird restated a “buy” rating and issued a $24.00 price objective on shares of GameStop in a report on Tuesday, September 26th. ValuEngine raised GameStop from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Loop Capital reaffirmed a “buy” rating and set a $28.00 target price on shares of GameStop in a report on Wednesday, August 23rd. Oppenheimer reaffirmed a “hold” rating on shares of GameStop in a report on Friday, August 25th. Finally, Vetr downgraded GameStop from a “strong-buy” rating to a “hold” rating and set a $16.58 target price for the company. in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.47.
GameStop 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.
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