Quantinno Capital Management LP Buys 109,788 Shares of GameStop Corp. $GME

Quantinno Capital Management LP lifted its stake in shares of GameStop Corp. (NYSE:GME) by 377.8% during the first quarter, HoldingsChannel reports. The firm owned 138,846 shares of the company’s stock after acquiring an additional 109,788 shares during the quarter. Quantinno Capital Management LP’s holdings in GameStop were worth $3,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in GameStop by 308.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock valued at $26,000 after acquiring an additional 732 shares during the period. EverSource Wealth Advisors LLC raised its stake in GameStop by 226.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after purchasing an additional 886 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of GameStop in the third quarter valued at approximately $39,000. Los Angeles Capital Management LLC acquired a new position in GameStop in the 4th quarter valued at $39,000. Finally, Rockefeller Capital Management L.P. raised its holdings in GameStop by 805.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock valued at $45,000 after acquiring an additional 2,014 shares in the last quarter. 29.21% of the stock is owned by institutional investors.

Insider Buying and Selling at GameStop

In other GameStop news, insider Daniel William Moore sold 7,085 shares of GameStop stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $22.38, for a total value of $158,562.30. Following the completion of the sale, the insider directly owned 115,125 shares of the company’s stock, valued at approximately $2,576,497.50. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 7,083 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $22.38, for a total transaction of $158,517.54. Following the sale, the general counsel owned 108,147 shares of the company’s stock, valued at $2,420,329.86. This trade represents a 6.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 18,125 shares of company stock worth $406,587. 9.50% of the stock is owned by insiders.

GameStop Trading Down 0.7%

NYSE:GME opened at $19.11 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 11.91 and a current ratio of 12.40. The firm has a market cap of $8.57 billion, a P/E ratio of 14.47 and a beta of 1.79. The firm’s fifty day moving average is $21.58 and its 200-day moving average is $22.85. GameStop Corp. has a 52 week low of $18.55 and a 52 week high of $28.10.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. GameStop had a return on equity of 13.75% and a net margin of 20.45%.The firm had revenue of $835.30 million during the quarter, compared to analyst estimates of $766.63 million. During the same period last year, the company posted $0.17 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GME shares. Wall Street Zen raised shares of GameStop from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. Weiss Ratings restated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

GameStop Company Profile

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.