Natixis Advisors LLC Has $259,000 Stock Holdings in GameStop Corp. (NYSE:GME)

Natixis Advisors LLC reduced its stake in shares of GameStop Corp. (NYSE:GME) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,304 shares of the company’s stock after selling 3,809 shares during the period. Natixis Advisors LLC’s holdings in GameStop were worth $259,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of 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 in the last quarter. AlphaMark Advisors LLC boosted its stake 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 purchasing an additional 396 shares during the period. Centerpoint Advisors LLC acquired a new position in shares of GameStop during the 2nd quarter worth about $47,000. GAMMA Investing LLC boosted its stake in shares of GameStop by 32.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock worth $51,000 after buying an additional 511 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of GameStop by 147.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock worth $65,000 after buying an additional 3,025 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on GME. StockNews.com upgraded shares of GameStop to a “sell” rating in a research note on Saturday, October 19th. Wedbush cut their price target on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating on the stock in a report on Wednesday, September 11th.

GameStop Stock Performance

GameStop stock opened at $30.89 on Friday. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The stock has a market cap of $13.17 billion, a PE ratio of 237.63 and a beta of -0.13. The firm’s 50-day simple moving average is $23.63 and its 200 day simple moving average is $24.06.

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

Insider Buying and Selling at GameStop

In other news, insider Daniel William Moore sold 1,972 shares of the 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 transaction, the insider now owns 37,280 shares in the company, valued at $818,668.80. This represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $20.82, for a total transaction of $229,020.00. Following the sale, the general counsel now owns 43,927 shares in the company, valued at approximately $914,560.14. The trade was a 20.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock valued at $481,000 in the last quarter. Company insiders own 12.28% of the company’s stock.

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.