GameStop Corp. (NYSE:GME) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in GameStop Corp. (NYSE:GME) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 165,737 shares of the company’s stock after selling 8,345 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of GameStop worth $2,905,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Covestor Ltd raised its position in shares of GameStop by 323.2% in the first quarter. Covestor Ltd now owns 237 shares of the company’s stock worth $39,000 after acquiring an additional 181 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of GameStop in the first quarter worth about $50,000. Comerica Bank acquired a new position in shares of GameStop in the second quarter worth about $150,000. Captrust Financial Advisors raised its position in shares of GameStop by 457.1% during the 1st quarter. Captrust Financial Advisors now owns 1,053 shares of the company’s stock worth $175,000 after purchasing an additional 864 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of GameStop during the 1st quarter worth about $288,000. Institutional investors and hedge funds own 29.21% of the company’s stock.

Insider Buying and Selling at GameStop

In other GameStop news, Director Lawrence Cheng acquired 10,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was bought at an average price of $11.22 per share, for a total transaction of $112,200.00. Following the acquisition, the director now owns 65,088 shares in the company, valued at $730,287.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Mark Haymond Robinson sold 4,379 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total value of $50,840.19. Following the completion of the sale, the general counsel now owns 64,308 shares of the company’s stock, valued at approximately $746,615.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lawrence Cheng purchased 10,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was purchased at an average cost of $11.22 per share, with a total value of $112,200.00. Following the purchase, the director now owns 65,088 shares in the company, valued at $730,287.36. The disclosure for this purchase can be found here. In the last quarter, insiders sold 5,957 shares of company stock worth $68,971. Insiders own 12.64% of the company’s stock.

GameStop Stock Up 0.1 %

GME opened at $10.31 on Friday. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $27.65. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $13.28 and a 200 day moving average price of $14.24. The company has a market cap of $3.15 billion, a PE ratio of 515.76 and a beta of -0.45.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $2.05 billion. GameStop had a net margin of 0.13% and a return on equity of 1.35%. The firm’s revenue was down 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. Sell-side analysts expect that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GME shares. StockNews.com upgraded shares of GameStop from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Wedbush reduced their price target on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating for the company in a research report on Wednesday, March 27th.

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.