Thrivent Financial for Lutherans Purchases 26,259 Shares of GameStop Corp. (NYSE:GME)

Thrivent Financial for Lutherans boosted its position in GameStop Corp. (NYSE:GME) by 40.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,868 shares of the company’s stock after acquiring an additional 26,259 shares during the period. Thrivent Financial for Lutherans’ holdings in GameStop were worth $2,107,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in GameStop by 535.8% in the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after acquiring an additional 959 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after acquiring an additional 396 shares during the last quarter. Centerpoint Advisors LLC bought a new stake in GameStop in the 2nd quarter worth $47,000. GAMMA Investing LLC grew its holdings in GameStop by 32.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock worth $51,000 after acquiring an additional 511 shares during the last quarter. Finally, CWM LLC grew its holdings in GameStop by 115.6% in the 2nd quarter. CWM LLC now owns 2,660 shares of the company’s stock worth $66,000 after acquiring an additional 1,426 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel William Moore sold 1,972 shares of GameStop stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 37,280 shares in the company, valued at $818,668.80. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Mark Haymond Robinson sold 11,000 shares of GameStop stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $20.82, for a total transaction of $229,020.00. Following the completion of the sale, the general counsel now owns 43,927 shares of the company’s stock, valued at $914,560.14. This represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,639 shares of company stock valued at $481,000. Insiders own 12.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of GameStop to a “sell” rating in a research report on Saturday, October 19th. Wedbush dropped their target price on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a research report on Wednesday, September 11th.

GameStop Trading Up 1.8 %

NYSE:GME opened at $30.89 on Thursday. The company has a 50-day moving average price of $23.40 and a 200-day moving average price of $24.01. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 237.63 and a beta of -0.13.

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

GameStop 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.