34,618 Shares in GameStop Corp. (NYSE:GME) Purchased by FORA Capital LLC

FORA Capital LLC purchased a new stake in GameStop Corp. (NYSE:GME) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 34,618 shares of the company’s stock, valued at approximately $794,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AlphaMark Advisors LLC raised its position in shares of GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after buying an additional 396 shares during the period. GAMMA Investing LLC lifted its stake in shares of GameStop by 32.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock valued at $51,000 after purchasing an additional 511 shares in the last quarter. CWM LLC grew its holdings in shares of GameStop by 19.9% during the 3rd quarter. CWM LLC now owns 3,189 shares of the company’s stock worth $73,000 after purchasing an additional 529 shares during the period. UMB Bank n.a. increased its position in GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after purchasing an additional 959 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in GameStop by 6.5% in the third quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company’s stock valued at $408,000 after buying an additional 1,085 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GME. Wedbush decreased their price objective on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday, September 11th. StockNews.com raised GameStop to a “sell” rating in a research report on Saturday, October 19th.

GameStop Stock Up 1.8 %

Shares of NYSE:GME opened at $30.89 on Friday. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 237.63 and a beta of -0.13. The company has a 50 day moving average of $23.63 and a two-hundred day moving average of $24.06. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, beating 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 business’s revenue was down 31.4% on a year-over-year basis. During the same period last year, the business earned ($0.03) EPS. On average, equities analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current year.

Insider Transactions at GameStop

In other news, General Counsel Mark Haymond Robinson sold 11,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $20.82, for a total value of $229,020.00. Following the sale, the general counsel now owns 43,927 shares in the company, valued at approximately $914,560.14. This represents a 20.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel William Moore sold 1,972 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $43,305.12. Following the completion of the sale, the insider now directly owns 37,280 shares of the company’s stock, valued at approximately $818,668.80. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,639 shares of company stock valued at $481,000. 12.28% of the stock is currently owned by insiders.

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.