Virtu Financial LLC Acquires New Holdings in GameStop Corp. $GME

Virtu Financial LLC bought a new stake in GameStop Corp. (NYSE:GME) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 86,926 shares of the company’s stock, valued at approximately $1,745,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of GameStop by 308.9% during the third 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 increased 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 acquired a new stake in GameStop during the 3rd quarter worth about $39,000. Los Angeles Capital Management LLC purchased a new stake in GameStop during the fourth quarter valued at about $39,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of GameStop in the fourth quarter worth about $54,000. 29.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GameStop

In other GameStop news, insider Daniel William Moore sold 7,210 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total transaction of $165,397.40. Following the completion of the transaction, the insider owned 101,014 shares of the company’s stock, valued at $2,317,261.16. The trade was a 6.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark Haymond Robinson sold 7,209 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total transaction of $165,374.46. Following the sale, the general counsel owned 97,946 shares of the company’s stock, valued at $2,246,881.24. This trade represents a 6.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,331 shares of company stock worth $421,491 in the last quarter. Insiders own 9.50% of the company’s stock.

GameStop Trading Down 0.4%

GameStop stock opened at $21.44 on Friday. The company’s fifty day moving average price is $22.96 and its two-hundred day moving average price is $22.90. GameStop Corp. has a one year low of $19.93 and a one year high of $28.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 12.40 and a quick ratio of 11.91. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 16.24 and a beta of 1.77.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wall Street Zen upgraded GameStop from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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.