LS Investment Advisors LLC raised its position in Gamestop Corporation (NYSE:GME) by 17.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,236 shares of the company’s stock after buying an additional 1,213 shares during the period. LS Investment Advisors LLC’s holdings in Gamestop Corporation were worth $178,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of GME. Raymond James Financial Services Advisors Inc. raised its position in shares of Gamestop Corporation by 1.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,270 shares of the company’s stock worth $322,000 after buying an additional 230 shares during the period. Rothschild Investment Corp IL raised its position in shares of Gamestop Corporation by 1.5% in the first quarter. Rothschild Investment Corp IL now owns 16,924 shares of the company’s stock worth $382,000 after buying an additional 250 shares during the period. Point View Wealth Management Inc. raised its position in shares of Gamestop Corporation by 2.0% in the first quarter. Point View Wealth Management Inc. now owns 15,642 shares of the company’s stock worth $353,000 after buying an additional 300 shares during the period. State Treasurer State of Michigan raised its position in shares of Gamestop Corporation by 1.0% in the first quarter. State Treasurer State of Michigan now owns 41,400 shares of the company’s stock worth $934,000 after buying an additional 400 shares during the period. Finally, Camarda Financial Advisors LLC raised its position in shares of Gamestop Corporation by 9.4% in the second quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock worth $112,000 after buying an additional 447 shares during the period.
Shares of Gamestop Corporation (NYSE:GME) opened at 21.22 on Friday. The firm’s 50-day moving average is $21.36 and its 200 day moving average is $22.87. Gamestop Corporation has a 12 month low of $20.10 and a 12 month high of $32.67. The stock has a market cap of $2.15 billion, a PE ratio of 6.32 and a beta of 1.20.
Gamestop Corporation (NYSE:GME) last released its quarterly earnings data on Thursday, May 25th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Gamestop Corporation will post $3.32 EPS for the current year.
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A number of equities analysts recently weighed in on the stock. Loop Capital reissued a “buy” rating and set a $28.00 target price on shares of Gamestop Corporation in a research note on Sunday, May 28th. Vetr downgraded shares of Gamestop Corporation from a “strong-buy” rating to a “strong sell” rating and set a $16.96 price target for the company. in a research note on Monday, June 5th. BidaskClub raised shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Telsey Advisory Group cut shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.84.
About Gamestop Corporation
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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