Victory Capital Management Inc. Has $1.67 Million Holdings in GameStop Corp. (NYSE:GME)

Victory Capital Management Inc. lifted its position in GameStop Corp. (NYSE:GME) by 19.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,982 shares of the company’s stock after acquiring an additional 11,749 shares during the quarter. Victory Capital Management Inc.’s holdings in GameStop were worth $1,673,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC raised its holdings in shares of GameStop by 41.7% during the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after acquiring an additional 396 shares in the last quarter. GAMMA Investing LLC boosted its position in GameStop by 32.9% during the second quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock worth $51,000 after purchasing an additional 511 shares during the period. CWM LLC grew its stake in GameStop by 19.9% in the 3rd quarter. CWM LLC now owns 3,189 shares of the company’s stock valued at $73,000 after buying an additional 529 shares during the last quarter. UMB Bank n.a. increased its stake in shares of GameStop by 535.8% in the third quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after purchasing an additional 959 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of GameStop by 6.5% in the third quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company’s stock valued at $408,000 after acquiring an additional 1,085 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

GameStop Trading Up 6.4 %

GME stock opened at $29.68 on Tuesday. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The business’s 50-day moving average price is $22.97 and its two-hundred day moving average price is $23.87. The firm has a market cap of $12.66 billion, a PE ratio of 228.33 and a beta of -0.13.

GameStop (NYSE:GME) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $798.30 million for the quarter, compared to analyst estimates of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The company’s quarterly revenue was down 31.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) earnings per share. On average, analysts forecast that GameStop Corp. will post 0.01 earnings per share for the current year.

Insider Buying and Selling at GameStop

In related news, General Counsel Mark Haymond Robinson sold 4,667 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $102,487.32. Following the transaction, the general counsel now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel William Moore sold 1,972 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $43,305.12. Following the completion of the sale, the insider now directly owns 37,280 shares of the company’s stock, valued at $818,668.80. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,639 shares of company stock worth $481,000. Insiders own 12.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wedbush decreased their price objective on GameStop from $11.00 to $10.00 and set an “underperform” rating on the stock in a report on Wednesday, September 11th. StockNews.com raised GameStop to a “sell” rating in a research note 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.