7,301 Shares in GameStop Corp. (NYSE:GME) Purchased by Joule Financial LLC

Joule Financial LLC bought a new stake in shares of GameStop Corp. (NYSE:GME) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,301 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC acquired a new position in GameStop in the fourth quarter valued at approximately $252,000. Christensen King & Associates Investment Services Inc. boosted its position in shares of GameStop by 1.9% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company’s stock worth $853,000 after purchasing an additional 518 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of GameStop during the fourth quarter worth $376,000. GAMMA Investing LLC increased its holdings in GameStop by 65.8% in the fourth quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock valued at $112,000 after purchasing an additional 1,414 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in GameStop by 46.1% in the third quarter. JPMorgan Chase & Co. now owns 774,096 shares of the company’s stock valued at $17,750,000 after buying an additional 244,339 shares during the period. Institutional investors own 29.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wedbush reaffirmed an “underperform” rating and issued a $10.00 price target on shares of GameStop in a research note on Friday, December 6th. StockNews.com upgraded shares of GameStop to a “sell” rating in a report on Saturday, October 19th.

GameStop Trading Down 0.7 %

NYSE:GME opened at $27.53 on Friday. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83. The stock has a 50-day moving average price of $29.47 and a two-hundred day moving average price of $24.95. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 152.93 and a beta of -0.02.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.09. The business had revenue of $860.30 million during 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%. GameStop’s quarterly revenue was down 20.2% compared to the same quarter last year. Sell-side analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the sale, the general counsel now owns 42,350 shares of the company’s stock, valued at $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $27,807.65. Following the completion of the transaction, the insider now directly owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by company insiders.

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.