GameStop Corp. (NYSE:GME) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in shares of GameStop Corp. (NYSE:GME) by 133.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,482 shares of the company’s stock after buying an additional 4,842 shares during the period. Nisa Investment Advisors LLC’s holdings in GameStop were worth $266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its position in GameStop by 38.0% during the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company’s stock worth $255,526,000 after acquiring an additional 3,070,571 shares during the period. Geode Capital Management LLC raised its stake in shares of GameStop by 41.8% during the third quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock valued at $144,009,000 after purchasing an additional 1,852,088 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in GameStop by 22.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock worth $80,322,000 after purchasing an additional 646,488 shares during the period. Van ECK Associates Corp grew its position in GameStop by 8.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company’s stock valued at $41,866,000 after buying an additional 136,785 shares in the last quarter. Finally, Swiss National Bank grew its position in GameStop by 46.0% in the 3rd quarter. Swiss National Bank now owns 790,528 shares of the company’s stock valued at $18,127,000 after buying an additional 249,100 shares in the last quarter. 29.21% of the stock is owned by institutional investors.

Insider Transactions at GameStop

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the transaction, the general counsel now owns 42,350 shares in the company, valued at approximately $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the sale, the insider now owns 31,385 shares of the company’s stock, valued at $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GME has been the subject of a number of research analyst reports. Wedbush reaffirmed an “underperform” rating and issued a $10.00 price target on shares of GameStop in a research note on Friday, December 6th. StockNews.com upgraded GameStop to a “sell” rating in a research report on Saturday, October 19th.

GameStop Stock Up 0.1 %

Shares of GME stock opened at $27.50 on Thursday. The stock has a 50-day simple moving average of $29.56 and a 200 day simple moving average of $25.08. The stock has a market capitalization of $12.28 billion, a P/E ratio of 152.76 and a beta of -0.02. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company had revenue of $860.30 million for the quarter, compared to analysts’ expectations of $887.68 million. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. On average, sell-side analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current year.

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.