PDT Partners LLC Boosts Holdings in Gamestop Corporation (GME)
PDT Partners LLC grew its stake in shares of Gamestop Corporation (NYSE:GME) by 0.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 361,600 shares of the company’s stock after buying an additional 2,821 shares during the quarter. PDT Partners LLC owned approximately 0.36% of Gamestop Corporation worth $7,814,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Balyasny Asset Management LLC grew its stake in shares of Gamestop Corporation by 1,459.9% during the second quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock worth $15,663,000 after buying an additional 678,335 shares during the last quarter. Numeric Investors LLC bought a new stake in shares of Gamestop Corporation during the second quarter worth $34,679,000. Dimensional Fund Advisors LP grew its stake in shares of Gamestop Corporation by 38.3% during the second quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock worth $183,720,000 after buying an additional 2,353,774 shares during the last quarter. Hancock Holding Co. grew its stake in shares of Gamestop Corporation by 22.7% during the second quarter. Hancock Holding Co. now owns 46,283 shares of the company’s stock worth $1,000,000 after buying an additional 8,573 shares during the last quarter. Finally, JBF Capital Inc. grew its stake in shares of Gamestop Corporation by 119.8% during the second quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock worth $197,000 after buying an additional 4,971 shares during the last quarter.
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A number of research firms have weighed in on GME. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Gamestop Corporation in a research note on Friday, August 25th. Loop Capital reaffirmed a “buy” rating and set a $28.00 target price on shares of Gamestop Corporation in a research note on Wednesday, August 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $24.00 target price on shares of Gamestop Corporation in a research note on Tuesday, August 29th. ValuEngine cut shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Vetr cut shares of Gamestop Corporation from a “strong-buy” rating to a “strong sell” rating and set a $16.96 target price on the stock. in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.53.
Gamestop Corporation (GME) traded down 0.63% during trading on Friday, reaching $20.66. 1,565,742 shares of the company traded hands. Gamestop Corporation has a 12-month low of $18.47 and a 12-month high of $28.58. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 6.22 and a beta of 1.19. The firm’s 50 day moving average price is $20.49 and its 200 day moving average price is $22.00.
Gamestop Corporation (NYSE:GME) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. Gamestop Corporation’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. Equities research analysts expect that Gamestop Corporation will post $3.30 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend was Thursday, September 7th. Gamestop Corporation’s dividend payout ratio (DPR) is presently 45.65%.
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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