Oregon Public Employees Retirement Fund boosted its position in shares of Gamestop Corporation (NYSE:GME) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 37,626 shares of the company’s stock after buying an additional 690 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Gamestop Corporation were worth $813,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Westpac Banking Corp bought a new position in shares of Gamestop Corporation during the first quarter worth $134,000. James Investment Research Inc. raised its position in shares of Gamestop Corporation by 21.0% in the first quarter. James Investment Research Inc. now owns 4,630 shares of the company’s stock worth $104,000 after buying an additional 805 shares during the last quarter. Camarda Financial Advisors LLC raised its position in shares of Gamestop Corporation by 9.4% in the second quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock worth $112,000 after buying an additional 447 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Gamestop Corporation by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock worth $149,000 after buying an additional 3,700 shares during the last quarter. Finally, Parkwood LLC raised its position in shares of Gamestop Corporation by 23.3% in the first quarter. Parkwood LLC now owns 9,879 shares of the company’s stock worth $223,000 after buying an additional 1,864 shares during the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.
Shares of Gamestop Corporation (NYSE GME) traded up 1.25% during midday trading on Friday, hitting $21.93. 1,136,854 shares of the stock were exchanged. Gamestop Corporation has a 1-year low of $20.10 and a 1-year high of $32.67. The firm’s 50 day moving average is $21.17 and its 200-day moving average is $23.06. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 6.53 and a beta of 1.20.
Gamestop Corporation (NYSE:GME) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts predict that Gamestop Corporation will post $3.32 EPS for the current year.
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A number of equities analysts recently weighed in on GME shares. Mizuho reaffirmed a “buy” rating and issued a $27.00 target price on shares of Gamestop Corporation in a research note on Tuesday, April 18th. Vetr lowered shares of Gamestop Corporation from a “strong-buy” rating to a “buy” rating and set a $26.42 target price for the company. in a research note on Wednesday, April 26th. Telsey Advisory Group raised shares of Gamestop Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 10th. Bank of America Corporation set a $27.00 target price on shares of Gamestop Corporation and gave the stock a “hold” rating in a research note on Saturday, May 13th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Gamestop Corporation in a research note on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Gamestop Corporation presently has a consensus rating of “Hold” and an average price target of $24.84.
About Gamestop Corporation
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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