Mutual of America Capital Management LLC Sells 5,789 Shares of GameStop Corp. (NYSE:GME)

Mutual of America Capital Management LLC trimmed its position in GameStop Corp. (NYSE:GME) by 3.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 154,270 shares of the company’s stock after selling 5,789 shares during the period. Mutual of America Capital Management LLC’s holdings in GameStop were worth $3,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GME. Vanguard Group Inc. boosted its stake in shares of GameStop by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock worth $446,143,000 after buying an additional 167,145 shares during the last quarter. Van ECK Associates Corp boosted its position in GameStop by 14.2% in the second quarter. Van ECK Associates Corp now owns 1,689,052 shares of the company’s stock worth $41,702,000 after purchasing an additional 209,861 shares during the last quarter. Renaissance Technologies LLC grew its stake in GameStop by 34.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock valued at $33,261,000 after purchasing an additional 342,178 shares during the period. Principal Financial Group Inc. increased its position in shares of GameStop by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,011,337 shares of the company’s stock valued at $12,662,000 after purchasing an additional 25,159 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of GameStop by 0.3% during the 1st quarter. Swiss National Bank now owns 542,828 shares of the company’s stock valued at $6,796,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insider Activity

In other GameStop news, Director Lawrence Cheng acquired 4,140 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was bought at an average cost of $24.85 per share, with a total value of $102,879.00. Following the acquisition, the director now owns 69,228 shares in the company, valued at $1,720,315.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.28% of the company’s stock.

GameStop Price Performance

NYSE:GME opened at $21.85 on Monday. The company has a market capitalization of $7.67 billion, a P/E ratio of 273.13 and a beta of -0.17. The business has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $20.48. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $798.30 million during 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 firm’s revenue for the quarter was down 31.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. As a group, analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of GameStop to a “sell” rating in a research report on Wednesday, September 11th. Wedbush reduced 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 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.