Public Employees Retirement System of Ohio Has $3.24 Million Position in GameStop Corp. (NYSE:GME)

Public Employees Retirement System of Ohio grew its stake in GameStop Corp. (NYSE:GME) by 25.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,383 shares of the company’s stock after buying an additional 28,699 shares during the period. Public Employees Retirement System of Ohio’s holdings in GameStop were worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CWM LLC raised its holdings in GameStop by 115.6% during the 2nd quarter. CWM LLC now owns 2,660 shares of the company’s stock worth $66,000 after purchasing an additional 1,426 shares during the last quarter. SG Americas Securities LLC lifted its holdings in GameStop by 38.9% in the second quarter. SG Americas Securities LLC now owns 12,907 shares of the company’s stock valued at $319,000 after buying an additional 3,614 shares during the period. Nisa Investment Advisors LLC boosted its position in GameStop by 697.6% during the second quarter. Nisa Investment Advisors LLC now owns 32,185 shares of the company’s stock valued at $795,000 after acquiring an additional 28,150 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in GameStop during the 2nd quarter worth about $197,000. Finally, Modera Wealth Management LLC bought a new position in shares of GameStop in the 2nd quarter worth about $365,000. 29.21% of the stock is currently owned by institutional investors.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 4,667 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the sale, the general counsel now owns 54,927 shares in the company, valued at approximately $1,206,196.92. This represents a 7.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel William Moore sold 1,972 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $43,305.12. Following the transaction, the insider now owns 37,280 shares in the company, valued at approximately $818,668.80. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,639 shares of company stock valued at $481,000. 12.28% of the stock is owned by company insiders.

GameStop Price Performance

GME stock opened at $29.41 on Tuesday. The company’s 50-day moving average is $25.12 and its 200-day moving average is $24.25. The stock has a market capitalization of $13.14 billion, a PE ratio of 163.39 and a beta of -0.11. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.

GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.09. The business had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The company’s revenue was down 20.2% on a year-over-year basis. On average, analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GME shares. Wedbush reaffirmed an “underperform” rating and set a $10.00 target price on shares of GameStop in a research note on Friday, December 6th. StockNews.com raised shares of GameStop to a “sell” rating in a research report on Saturday, October 19th.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.