State of New Jersey Common Pension Fund D Purchases 4,953 Shares of GameStop Corp. (NYSE:GME)

State of New Jersey Common Pension Fund D grew its position in shares of GameStop Corp. (NYSE:GME) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 157,944 shares of the company’s stock after acquiring an additional 4,953 shares during the period. State of New Jersey Common Pension Fund D’s holdings in GameStop were worth $4,950,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Christensen King & Associates Investment Services Inc. increased its position in shares of GameStop by 1.9% during the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company’s stock valued at $853,000 after purchasing an additional 518 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of GameStop by 2.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company’s stock valued at $575,000 after purchasing an additional 523 shares during the last quarter. CWM LLC increased its position in shares of GameStop by 19.9% during the 3rd quarter. CWM LLC now owns 3,189 shares of the company’s stock valued at $73,000 after purchasing an additional 529 shares during the last quarter. Fifth Third Bancorp increased its position in shares of GameStop by 11.1% during the 4th quarter. Fifth Third Bancorp now owns 5,648 shares of the company’s stock valued at $177,000 after purchasing an additional 566 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of GameStop by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 142,931 shares of the company’s stock valued at $4,479,000 after purchasing an additional 628 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wedbush restated an “underperform” rating and set a $10.00 target price on shares of GameStop in a report on Friday, December 6th.

GameStop Price Performance

Shares of GME stock opened at $26.02 on Thursday. The stock has a market capitalization of $11.63 billion, a PE ratio of 144.57 and a beta of -0.11. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The business has a 50-day moving average of $28.84 and a 200 day moving average of $25.28.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.09. The company had revenue of $860.30 million during the quarter, compared to analysts’ expectations of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The firm’s quarterly revenue was down 20.2% compared to the same quarter last year. Analysts anticipate that GameStop Corp. will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 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 $48,997.39. Following the completion of the sale, the general counsel now owns 42,350 shares in the company, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the insider now owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.28% of the company’s stock.

GameStop 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.