GameStop Corp. (NYSE:GME) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its position in shares of GameStop Corp. (NYSE:GME) by 110.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,118 shares of the company’s stock after buying an additional 24,761 shares during the period. Penserra Capital Management LLC’s holdings in GameStop were worth $1,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC grew its stake in shares of GameStop by 270.5% in the 3rd quarter. Algert Global LLC now owns 150,526 shares of the company’s stock valued at $3,452,000 after purchasing an additional 109,900 shares during the last quarter. Nwam LLC purchased a new position in GameStop in the 3rd quarter valued at $652,000. Charles Schwab Investment Management Inc. increased its stake in GameStop by 22.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after buying an additional 646,488 shares during the period. Quest Partners LLC raised its position in GameStop by 162.3% during the 3rd quarter. Quest Partners LLC now owns 16,179 shares of the company’s stock worth $371,000 after buying an additional 10,011 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of GameStop by 46.0% in the 3rd quarter. Swiss National Bank now owns 790,528 shares of the company’s stock worth $18,127,000 after acquiring an additional 249,100 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insider Transactions at GameStop

In other news, insider Daniel William Moore sold 1,972 shares of GameStop stock in a transaction on Wednesday, October 2nd. The stock was 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 owns 37,280 shares of the company’s stock, valued at $818,668.80. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 4,667 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the sale, the general counsel now directly owns 54,927 shares in the company, valued at approximately $1,206,196.92. The trade was a 7.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock valued at $481,000 in the last quarter. 12.28% of the stock is currently owned by corporate insiders.

GameStop Stock Performance

GameStop stock opened at $30.34 on Wednesday. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83. The company has a market cap of $12.94 billion, a P/E ratio of 233.35 and a beta of -0.13. The business has a fifty day moving average of $23.17 and a two-hundred day moving average of $23.96.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The firm had revenue of $798.30 million during the quarter, compared to analysts’ expectations of $895.67 million. During the same quarter last year, the business earned ($0.03) earnings per share. The business’s revenue for the quarter was down 31.4% compared to the same quarter last year. Sell-side analysts predict that GameStop Corp. will post 0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

GME has been the subject of several analyst reports. StockNews.com raised shares of GameStop to a “sell” rating in a report on Saturday, October 19th. Wedbush cut their target price on GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday, September 11th.

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.