New York State Common Retirement Fund lifted its position in shares of GameStop Corp. (NYSE:GME – Get Rating) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,500 shares of the company’s stock after purchasing an additional 4,000 shares during the period. New York State Common Retirement Fund owned about 0.08% of GameStop worth $9,126,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC increased its position in GameStop by 275.0% in the 3rd quarter. Clearstead Advisors LLC now owns 150 shares of the company’s stock valued at $26,000 after acquiring an additional 110 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in GameStop in the 4th quarter valued at about $31,000. Gables Capital Management Inc. acquired a new position in GameStop in the 3rd quarter valued at about $35,000. Larson Financial Group LLC increased its position in GameStop by 66.7% in the 3rd quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock valued at $47,000 after acquiring an additional 108 shares during the period. Finally, Amplius Wealth Advisors LLC acquired a new position in GameStop in the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 26.05% of the company’s stock.
Shares of GME opened at $138.22 on Friday. GameStop Corp. has a twelve month low of $77.58 and a twelve month high of $344.66. The stock’s 50 day moving average is $129.47 and its two-hundred day moving average is $149.68. The firm has a market capitalization of $10.55 billion, a PE ratio of -26.63 and a beta of -1.63. The company has a current ratio of 1.92, a quick ratio of 1.24 and a debt-to-equity ratio of 0.03.
In related news, Director Ryan Cohen acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 22nd. The stock was purchased at an average cost of $101.76 per share, for a total transaction of $10,176,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alain Attal acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 24th. The shares were bought at an average price of $129.91 per share, with a total value of $194,865.00. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.
Several equities analysts recently issued reports on the company. Ascendiant Capital Markets restated a “sell” rating and issued a $146.00 price target (up previously from $24.00) on shares of GameStop in a research report on Monday, December 27th. Zacks Investment Research lowered GameStop from a “hold” rating to a “strong sell” rating and set a $80.00 price objective on the stock. in a report on Tuesday, March 22nd. Finally, Wedbush lowered their price objective on GameStop from $45.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, March 18th.
About GameStop (Get Rating)
GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned video game software; and in-game digital currency, digital downloadable content, and full-game downloads, as well as network points cards, and prepaid digital and subscription cards.
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