Qube Research & Technologies Ltd Purchases Shares of 348,300 GameStop Corp. (NYSE:GME)

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Qube Research & Technologies Ltd purchased a new stake in shares of GameStop Corp. (NYSE:GME) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 348,300 shares of the company’s stock, valued at approximately $1,905,000. Qube Research & Technologies Ltd owned 0.34% of GameStop as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in shares of GameStop by 21.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 74,750 shares of the company’s stock valued at $759,000 after purchasing an additional 13,050 shares during the period. Norges Bank bought a new stake in shares of GameStop during the 4th quarter valued at about $20,351,000. Investors Research Corp bought a new stake in shares of GameStop during the 1st quarter valued at about $55,000. Twin Tree Management LP bought a new stake in shares of GameStop during the 1st quarter valued at about $153,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of GameStop during the 1st quarter valued at about $430,000. Institutional investors and hedge funds own 98.68% of the company’s stock.

Shares of NYSE:GME traded up $0.11 during mid-day trading on Friday, reaching $3.32. 3,129,000 shares of the company traded hands, compared to its average volume of 5,216,897. The company’s 50 day moving average price is $4.39 and its 200-day moving average price is $7.98. The firm has a market cap of $328.28 million, a PE ratio of 1.55 and a beta of 0.38. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.48 and a quick ratio of 0.59. GameStop Corp. has a 52 week low of $3.15 and a 52 week high of $17.27.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.09. GameStop had a positive return on equity of 14.55% and a negative net margin of 8.32%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue was down 13.3% on a year-over-year basis. On average, research analysts predict that GameStop Corp. will post 1.5 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. Benchmark reiterated a “sell” rating and set a $5.00 price objective (down from $9.00) on shares of GameStop in a research note on Wednesday, June 5th. Bank of America set a $4.00 price objective on GameStop and gave the company a “sell” rating in a research note on Wednesday, June 5th. ValuEngine upgraded GameStop from a “sell” rating to a “hold” rating in a research note on Sunday, June 9th. Ascendiant Capital Markets downgraded GameStop from a “buy” rating to a “hold” rating and set a $4.00 price objective for the company. in a research note on Wednesday, June 5th. Finally, Wedbush set a $9.00 price objective on GameStop and gave the company a “buy” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.10.

GameStop Profile

GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. 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 for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.

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Institutional Ownership by Quarter for GameStop (NYSE:GME)

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