28,452 Shares in GameStop Corp. (NYSE:GME) Bought by Nwam LLC

Nwam LLC purchased a new stake in shares of GameStop Corp. (NYSE:GME) in the third quarter, Holdings Channel reports. The firm purchased 28,452 shares of the company’s stock, valued at approximately $652,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GME. UMB Bank n.a. grew its holdings in shares of GameStop by 535.8% during the third quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after buying an additional 959 shares during the last quarter. AlphaMark Advisors LLC lifted its position in GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock valued at $33,000 after acquiring an additional 396 shares in the last quarter. Centerpoint Advisors LLC acquired a new position in GameStop during the 2nd quarter valued at about $47,000. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 511 shares in the last quarter. Finally, CWM LLC raised its stake in shares of GameStop by 115.6% in the second quarter. CWM LLC now owns 2,660 shares of the company’s stock worth $66,000 after purchasing an additional 1,426 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

Insider Activity

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 transaction of $43,305.12. Following the completion of the transaction, the insider now directly owns 37,280 shares of the company’s stock, valued at $818,668.80. This represents a 5.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark Haymond Robinson sold 11,000 shares of GameStop stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $20.82, for a total transaction of $229,020.00. Following the completion of the sale, the general counsel now directly owns 43,927 shares in the company, valued at $914,560.14. This trade represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock valued at $481,000 in the last ninety days. 12.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com raised GameStop to a “sell” rating in a research report on Saturday, October 19th. Wedbush cut their price objective 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

Shares of GME stock opened at $27.90 on Friday. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 214.86 and a beta of -0.13. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83. The company has a 50-day simple moving average of $22.78 and a two-hundred day simple moving average of $23.68.

GameStop (NYSE:GME) last released its earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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%. GameStop’s quarterly revenue was down 31.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. On average, sell-side analysts forecast that GameStop Corp. will post 0.01 EPS for the current fiscal 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.