Oregon Public Employees Retirement Fund Purchases 4,156 Shares of GameStop Corp. (NYSE:GME)

Oregon Public Employees Retirement Fund lifted its position in shares of GameStop Corp. (NYSE:GME) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,718 shares of the company’s stock after purchasing an additional 4,156 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in GameStop were worth $2,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Sterling Investment Advisors Ltd. bought a new stake in shares of GameStop during the fourth quarter valued at approximately $272,000. Amalgamated Bank boosted its position in shares of GameStop by 4.5% during the fourth quarter. Amalgamated Bank now owns 192,581 shares of the company’s stock valued at $6,035,000 after purchasing an additional 8,323 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of GameStop by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company’s stock valued at $80,401,000 after purchasing an additional 60,673 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of GameStop by 43.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 102,410 shares of the company’s stock valued at $3,210,000 after purchasing an additional 31,104 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in GameStop by 37.4% in the fourth quarter. Handelsbanken Fonder AB now owns 109,900 shares of the company’s stock worth $3,444,000 after acquiring an additional 29,900 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors.

Insider Activity

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

GameStop Trading Down 0.5 %

GameStop stock opened at $24.49 on Friday. The business’s fifty day simple moving average is $28.38 and its two-hundred day simple moving average is $25.42. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 136.04 and a beta of -0.11.

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, beating analysts’ consensus estimates of ($0.03) by $0.09. The firm had revenue of $860.30 million for the quarter, compared to the consensus estimate of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The firm’s revenue was down 20.2% on a year-over-year basis. On average, equities research analysts predict that GameStop Corp. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “underperform” rating and issued a $10.00 target price on shares of GameStop in a report on Friday, December 6th.

About GameStop

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.