Cipher Capital LP increased its holdings in shares of Gamestop Corporation (NYSE:GME) by 90.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,207 shares of the company’s stock after acquiring an additional 69,084 shares during the period. Cipher Capital LP owned about 0.14% of Gamestop Corporation worth $3,000,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Fairbanks Capital Management Inc. acquired a new stake in shares of Gamestop Corporation during the 2nd quarter valued at about $3,494,000. Macquarie Group Ltd. acquired a new stake in shares of Gamestop Corporation during the 3rd quarter valued at about $112,000. BlueMountain Capital Management LLC acquired a new stake in shares of Gamestop Corporation during the 2nd quarter valued at about $162,000. LS Investment Advisors LLC boosted its position in shares of Gamestop Corporation by 17.3% during the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock valued at $178,000 after acquiring an additional 1,213 shares in the last quarter. Finally, JBF Capital Inc. boosted its position in shares of Gamestop Corporation by 119.8% during the 2nd quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock valued at $197,000 after acquiring an additional 4,971 shares in the last quarter.
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Shares of Gamestop Corporation (GME) traded down $0.23 during midday trading on Monday, hitting $16.08. 963,523 shares of the company’s stock were exchanged, compared to its average volume of 2,500,000. Gamestop Corporation has a one year low of $15.85 and a one year high of $26.84. The company has a market capitalization of $1,630.00, a P/E ratio of 4.47, a PEG ratio of 0.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.49 and a current ratio of 1.34.
Gamestop Corporation (NYSE:GME) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. research analysts expect that Gamestop Corporation will post 3.3 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Robert W. Baird reiterated a “buy” rating and set a $24.00 target price on shares of Gamestop Corporation in a research report on Tuesday, September 26th. Vetr lowered shares of Gamestop Corporation from a “strong-buy” rating to a “hold” rating and set a $16.58 target price on the stock. in a research report on Friday. BidaskClub upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Telsey Advisory Group lowered shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.04.
Gamestop Corporation Profile
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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