GameStop Corp. (NYSE:GME) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of GameStop Corp. (NYSE:GME) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,738 shares of the company’s stock after buying an additional 4,241 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in GameStop were worth $2,812,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its stake in shares of GameStop by 38.0% in the third quarter. State Street Corp now owns 11,143,759 shares of the company’s stock valued at $255,526,000 after buying an additional 3,070,571 shares in the last quarter. Geode Capital Management LLC boosted its holdings in GameStop by 41.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock worth $144,009,000 after acquiring an additional 1,852,088 shares during the period. Charles Schwab Investment Management Inc. grew its position in GameStop by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company’s stock valued at $113,146,000 after acquiring an additional 107,354 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of GameStop by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company’s stock valued at $80,401,000 after purchasing an additional 60,673 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of GameStop by 4.2% during the fourth quarter. Rhumbline Advisers now owns 1,069,750 shares of the company’s stock worth $33,526,000 after purchasing an additional 42,793 shares in the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed an “underperform” rating and set a $10.00 price target on shares of GameStop in a report on Monday.

Insider Transactions at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the transaction, the general counsel now directly owns 42,350 shares in the company, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel William Moore sold 895 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the transaction, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

GameStop Stock Performance

Shares of GME opened at $25.55 on Tuesday. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83. The stock has a 50-day moving average price of $25.63 and a 200 day moving average price of $25.66. The company has a market capitalization of $11.41 billion, a P/E ratio of 141.92 and a beta of -0.29.

GameStop Company 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.