Robeco Institutional Asset Management B.V. Boosts Holdings in GameStop (GME)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of GameStop (NYSE:GME) by 18.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 828,323 shares of the company’s stock after acquiring an additional 131,491 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.82% of GameStop worth $10,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GME. Atria Investments LLC bought a new stake in GameStop during the 4th quarter worth approximately $218,000. Schwab Charles Investment Management Inc. boosted its stake in shares of GameStop by 11.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 617,798 shares of the company’s stock valued at $11,090,000 after purchasing an additional 61,277 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of GameStop in the 4th quarter valued at $104,000. Lingohr & Partner Asset Management GmbH boosted its stake in shares of GameStop by 9.7% in the 4th quarter. Lingohr & Partner Asset Management GmbH now owns 65,682 shares of the company’s stock valued at $1,179,000 after purchasing an additional 5,804 shares during the last quarter. Finally, Unison Advisors LLC bought a new stake in shares of GameStop in the 4th quarter valued at $198,000.

GameStop stock opened at $13.62 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 1.33. GameStop has a 12-month low of $13.34 and a 12-month high of $15.00. The firm has a market cap of $1.37 billion, a P/E ratio of 4.06, a P/E/G ratio of 0.30 and a beta of 1.25.

GameStop (NYSE:GME) last released its earnings results on Wednesday, March 28th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.06. GameStop had a net margin of 0.38% and a return on equity of 14.87%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company earned $2.38 EPS. GameStop’s quarterly revenue was up 15.0% compared to the same quarter last year. equities research analysts expect that GameStop will post 3.03 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Loop Capital lowered shares of GameStop from a “buy” rating to a “hold” rating and reduced their price objective for the company from $25.31 to $14.00 in a research note on Tuesday, April 3rd. Wedbush set a $19.00 price objective on shares of GameStop and gave the company a “buy” rating in a research note on Sunday, April 1st. Robert W. Baird reduced their price objective on shares of GameStop from $23.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, March 29th. Benchmark reduced their price objective on shares of GameStop from $15.00 to $12.00 and set a “sell” rating on the stock in a research note on Thursday, March 29th. Finally, Telsey Advisory Group reduced their price objective on shares of GameStop from $19.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, March 29th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.33.

GameStop Profile

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.

Institutional Ownership by Quarter for GameStop (NYSE:GME)

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