Steward Partners Investment Advisory LLC Has $209,000 Position in GameStop Corp. (NYSE:GME)

Steward Partners Investment Advisory LLC boosted its position in shares of GameStop Corp. (NYSE:GME) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,658 shares of the company’s stock after purchasing an additional 650 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in GameStop were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Scratch Capital LLC acquired a new position in GameStop during the fourth quarter valued at approximately $715,000. SBI Securities Co. Ltd. bought a new position in GameStop in the fourth quarter valued at approximately $99,000. Mutual of America Capital Management LLC lifted its stake in GameStop by 2.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 214,637 shares of the company’s stock valued at $6,727,000 after buying an additional 5,021 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in GameStop by 5.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 82,718 shares of the company’s stock valued at $2,592,000 after buying an additional 4,156 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. bought a new position in GameStop in the fourth quarter valued at approximately $272,000. Institutional investors and hedge funds own 29.21% of the company’s stock.

GameStop Stock Performance

Shares of GME opened at $23.08 on Friday. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83. The firm’s 50 day moving average price is $26.65 and its two-hundred day moving average price is $25.56. The firm has a market cap of $10.31 billion, a P/E ratio of 128.20 and a beta of -0.29.

Insider Transactions at GameStop

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business’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 $48,997.39. Following the sale, the general counsel now owns 42,350 shares of the company’s stock, valued at $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 895 shares of the business’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 $27,807.65. Following the completion of the sale, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.