TD Asset Management Inc. Cuts Position in Gamestop Corporation (GME)

TD Asset Management Inc. decreased its holdings in Gamestop Corporation (NYSE:GME) by 62.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 187,600 shares of the company’s stock after selling 309,630 shares during the period. TD Asset Management Inc. owned approximately 0.19% of Gamestop worth $3,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. purchased a new position in Gamestop in the third quarter valued at approximately $112,000. BlueMountain Capital Management LLC acquired a new stake in Gamestop in the second quarter valued at approximately $162,000. JBF Capital Inc. grew its position in Gamestop by 119.8% in the second quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock valued at $197,000 after acquiring an additional 4,971 shares in the last quarter. National Planning Corp acquired a new stake in Gamestop in the second quarter valued at approximately $204,000. Finally, Sei Investments Co. grew its position in Gamestop by 22.4% in the second quarter. Sei Investments Co. now owns 9,431 shares of the company’s stock valued at $204,000 after acquiring an additional 1,725 shares in the last quarter.

Gamestop Corporation (NYSE:GME) traded down $0.38 during trading on Friday, reaching $18.63. 3,277,500 shares of the company’s stock were exchanged, compared to its average volume of 2,873,225. The firm has a market capitalization of $1,925.80, a P/E ratio of 5.14, a PEG ratio of 0.38 and a beta of 1.26. The company has a current ratio of 1.20, a quick ratio of 0.38 and a debt-to-equity ratio of 0.35. Gamestop Corporation has a 1 year low of $15.85 and a 1 year high of $26.84.

Gamestop (NYSE:GME) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 3.98% and a return on equity of 16.50%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. research analysts predict that Gamestop Corporation will post 3.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend is Thursday, November 30th. Gamestop’s dividend payout ratio is presently 44.31%.

Several analysts have issued reports on the stock. Oppenheimer reaffirmed a “hold” rating on shares of Gamestop in a research report on Friday, August 25th. Loop Capital reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Gamestop in a research report on Wednesday, August 23rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Gamestop in a research report on Tuesday, August 29th. Zacks Investment Research downgraded shares of Gamestop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, ValuEngine downgraded shares of Gamestop from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Gamestop presently has an average rating of “Hold” and a consensus price target of $23.47.

In other Gamestop news, Director Stephanie M. Shern sold 4,000 shares of Gamestop stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.91, for a total value of $71,640.00. Following the completion of the transaction, the director now owns 13,474 shares of the company’s stock, valued at $241,319.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

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Gamestop 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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Institutional Ownership by Quarter for Gamestop (NYSE:GME)

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