Boston Advisors LLC reduced its position in shares of GameStop Corp. (NYSE:GME) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,900 shares of the company’s stock after selling 1,150 shares during the period. Boston Advisors LLC’s holdings in GameStop Corp. were worth $449,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in GameStop Corp. during the first quarter worth about $117,000. BlueMountain Capital Management LLC bought a new stake in GameStop Corp. during the first quarter worth about $156,000. Seven Eight Capital LLC raised its stake in GameStop Corp. by 95.3% in the first quarter. Seven Eight Capital LLC now owns 5,401 shares of the company’s stock worth $171,000 after buying an additional 2,635 shares during the period. Americafirst Capital Management LLC bought a new stake in GameStop Corp. during the second quarter worth about $150,000. Finally, Spark Investment Management LLC bought a new stake in GameStop Corp. during the first quarter worth about $390,000.
GameStop Corp. (NYSE:GME) traded down 1.91% during trading on Thursday, reaching $26.68. The company had a trading volume of 3,747,458 shares. The company has a market capitalization of $2.77 billion, a PE ratio of 7.03 and a beta of 1.08. The stock has a 50 day moving average price of $28.41 and a 200-day moving average price of $29.25. GameStop Corp. has a 52-week low of $24.33 and a 52-week high of $47.62.
GameStop Corp. (NYSE:GME) last released its earnings results on Thursday, August 25th. The company reported $0.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The firm earned $1.63 billion during the quarter, compared to analysts’ expectations of $1.73 billion. GameStop Corp. had a net margin of 4.35% and a return on equity of 19.44%. GameStop Corp.’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. On average, equities research analysts anticipate that GameStop Corp. will post $3.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.48 annualized dividend and a yield of 5.55%. GameStop Corp.’s payout ratio is currently 39.05%.
A number of equities research analysts have recently issued reports on the company. Bank of America Corp. restated a “buy” rating on shares of GameStop Corp. in a research report on Sunday, July 17th. Pacific Crest restated a “hold” rating on shares of GameStop Corp. in a research report on Sunday, August 28th. Wedbush set a $36.00 price objective on GameStop Corp. and gave the stock a “buy” rating in a research report on Sunday, August 28th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of GameStop Corp. in a research report on Wednesday, June 15th. Finally, Vetr lowered GameStop Corp. from a “strong-buy” rating to a “buy” rating and set a $33.63 price objective for the company. in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.57.
In other news, EVP Michael Mauler bought 10,000 shares of the stock in a transaction on Thursday, September 15th. The stock was purchased at an average cost of $26.91 per share, with a total value of $269,100.00. Following the purchase, the executive vice president now owns 120,922 shares of the company’s stock, valued at $3,254,011.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by company insiders.
GameStop Corp. Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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