Quantbot Technologies LP Acquires New Holdings in Gamestop Corporation (GME)
Quantbot Technologies LP acquired a new position in Gamestop Corporation (NYSE:GME) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,767 shares of the company’s stock, valued at approximately $511,000.
Several other hedge funds also recently modified their holdings of GME. Capstone Asset Management Co. lifted its holdings in shares of Gamestop by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 20,721 shares of the company’s stock worth $448,000 after acquiring an additional 540 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Gamestop by 1.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 37,626 shares of the company’s stock worth $813,000 after acquiring an additional 690 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Gamestop by 17.3% in the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock worth $178,000 after acquiring an additional 1,213 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Gamestop by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the company’s stock worth $571,000 after acquiring an additional 700 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Gamestop by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock worth $901,000 after acquiring an additional 300 shares during the last quarter.
Several equities analysts have recently commented on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Gamestop in a report on Friday, August 25th. Loop Capital reiterated a “buy” rating and set a $28.00 target price on shares of Gamestop in a report on Wednesday, August 23rd. Robert W. Baird reiterated an “outperform” rating and set a $24.00 target price on shares of Gamestop in a report on Tuesday, August 29th. Zacks Investment Research lowered shares of Gamestop from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, ValuEngine lowered shares of Gamestop from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.47.
Shares of Gamestop Corporation (GME) opened at $17.42 on Friday. The stock has a market cap of $1,764.77, a P/E ratio of 4.71, a price-to-earnings-growth ratio of 0.35 and a beta of 1.24. Gamestop Corporation has a fifty-two week low of $15.85 and a fifty-two week high of $26.84. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.35.
Gamestop (NYSE:GME) last released its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. Gamestop had a net margin of 3.98% and a return on equity of 16.50%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. equities analysts predict that Gamestop Corporation will post 3.3 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.73%. Gamestop’s payout ratio is 44.31%.
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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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