SkyBridge Capital II LLC Has $10.59 Million Holdings in Gamestop Corporation (GME)

SkyBridge Capital II LLC trimmed its position in Gamestop Corporation (NYSE:GME) by 17.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 512,408 shares of the company’s stock after selling 109,137 shares during the period. Gamestop accounts for 3.1% of SkyBridge Capital II LLC’s investment portfolio, making the stock its 22nd biggest position. SkyBridge Capital II LLC owned about 0.51% of Gamestop worth $10,586,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its position in shares of Gamestop by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 42,700 shares of the company’s stock valued at $923,000 after buying an additional 300 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Gamestop by 0.7% during the 2nd quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock valued at $901,000 after buying an additional 300 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Gamestop by 2.2% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 17,947 shares of the company’s stock valued at $477,000 after buying an additional 391 shares in the last quarter. Comerica Bank raised its position in shares of Gamestop by 0.5% during the 2nd quarter. Comerica Bank now owns 81,400 shares of the company’s stock valued at $1,693,000 after buying an additional 423 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Gamestop by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the company’s stock valued at $571,000 after buying an additional 700 shares in the last quarter.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Gamestop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Robert W. Baird restated a “buy” rating and set a $24.00 price objective on shares of Gamestop in a research report on Tuesday, September 26th. ValuEngine upgraded shares of Gamestop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Loop Capital set a $28.00 price objective on shares of Gamestop and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, Oppenheimer restated a “hold” rating on shares of Gamestop in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.47.

In other Gamestop news, Director Stephanie M. Shern sold 4,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.91, for a total value of $71,640.00. Following the sale, the director now owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Shares of Gamestop Corporation (GME) traded down $0.13 during trading hours on Wednesday, reaching $19.27. 3,080,900 shares of the company were exchanged, compared to its average volume of 2,873,391. The stock has a market cap of $1,965.36, a PE ratio of 5.24, a PEG ratio of 0.39 and a beta of 1.26. Gamestop Corporation has a one year low of $15.85 and a one year high of $26.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20.

Gamestop (NYSE:GME) last issued its earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Gamestop had a net margin of 3.98% and a return on equity of 16.50%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. equities research analysts predict that Gamestop Corporation will post 3.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date is Thursday, November 30th. Gamestop’s dividend payout ratio (DPR) is presently 44.31%.

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Gamestop 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.

Institutional Ownership by Quarter for Gamestop (NYSE:GME)

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