Lingohr & Partner Asset Management GmbH grew its stake in GameStop Corp. (NYSE:GME) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,682 shares of the company’s stock after acquiring an additional 5,804 shares during the period. Lingohr & Partner Asset Management GmbH owned 0.06% of GameStop worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in shares of GameStop by 9.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 623,208 shares of the company’s stock worth $13,468,000 after buying an additional 52,419 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of GameStop by 3.1% during the second quarter. Principal Financial Group Inc. now owns 431,245 shares of the company’s stock worth $9,319,000 after buying an additional 13,114 shares during the last quarter. Swiss National Bank raised its stake in shares of GameStop by 2.2% during the second quarter. Swiss National Bank now owns 171,482 shares of the company’s stock worth $3,706,000 after buying an additional 3,700 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of GameStop by 4.4% during the second quarter. JPMorgan Chase & Co. now owns 122,532 shares of the company’s stock worth $2,647,000 after buying an additional 5,118 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of GameStop by 60.9% during the second quarter. Teachers Advisors LLC now owns 191,059 shares of the company’s stock worth $4,129,000 after buying an additional 72,323 shares during the last quarter.
A number of equities research analysts recently weighed in on GME shares. Oppenheimer reissued a “hold” rating on shares of GameStop in a research note on Wednesday, November 22nd. Loop Capital reiterated a “buy” rating and issued a $28.00 price target on shares of GameStop in a report on Wednesday, November 22nd. Benchmark restated a “sell” rating and set a $15.00 target price (down previously from $18.00) on shares of GameStop in a report on Wednesday, November 22nd. ValuEngine upgraded shares of GameStop from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Bank of America reiterated a “hold” rating and issued a $23.00 price target on shares of GameStop in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $22.42.
GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. GameStop had a net margin of 3.98% and a return on equity of 16.50%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.49 earnings per share. GameStop’s revenue for the quarter was up 1.5% compared to the same quarter last year. analysts anticipate that GameStop Corp. will post 3.25 EPS for the current fiscal year.
In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $17.91, for a total transaction of $71,640.00. Following the sale, the director now directly owns 13,474 shares in the company, valued at $241,319.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.80% of the company’s stock.
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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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