GameStop Corp. (NYSE:GME) Shares Acquired by United Services Automobile Association

United Services Automobile Association lifted its position in shares of GameStop Corp. (NYSE:GME) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,500 shares of the company’s stock after acquiring an additional 999 shares during the quarter. United Services Automobile Association’s holdings in GameStop were worth $516,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in GameStop by 38.0% during the third quarter. State Street Corp now owns 11,143,759 shares of the company’s stock worth $255,526,000 after purchasing an additional 3,070,571 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new position in shares of GameStop during the 3rd quarter worth approximately $728,000. Janus Henderson Group PLC lifted its position in shares of GameStop by 42.9% during the 3rd quarter. Janus Henderson Group PLC now owns 182,905 shares of the company’s stock valued at $4,197,000 after buying an additional 54,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in GameStop by 16.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 728,686 shares of the company’s stock valued at $16,709,000 after acquiring an additional 100,430 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GameStop by 40.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,494 shares of the company’s stock worth $1,639,000 after acquiring an additional 20,509 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

GameStop Price Performance

Shares of NYSE:GME opened at $29.06 on Monday. The business’s 50 day moving average price is $24.32 and its 200-day moving average price is $23.92. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83. The firm has a market capitalization of $12.39 billion, a PE ratio of 223.54 and a beta of -0.11.

GameStop (NYSE:GME) last released its earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The business had revenue of $798.30 million during the quarter, compared to analyst estimates of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The company’s revenue for the quarter was down 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. As a group, analysts expect that GameStop Corp. will post 0.01 earnings per share for the current year.

Insider Buying and Selling at GameStop

In other news, General Counsel Mark Haymond Robinson sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $20.82, for a total value 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 represents a 20.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel William Moore sold 1,972 shares of GameStop stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $43,305.12. Following the transaction, the insider now owns 37,280 shares in the company, valued at approximately $818,668.80. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,639 shares of company stock worth $481,000. Insiders own 12.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GME shares. StockNews.com raised shares of GameStop to a “sell” rating in a report on Saturday, October 19th. Wedbush reaffirmed an “underperform” rating and issued a $10.00 price target on shares of GameStop in a research note on Friday.

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.