GameStop Corp. (GME) Position Decreased by Aviance Capital Management LLC

Aviance Capital Management LLC reduced its stake in shares of GameStop Corp. (NYSE:GME) by 73.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,846 shares of the company’s stock after selling 32,212 shares during the quarter. Aviance Capital Management LLC’s holdings in GameStop were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GME. Aperio Group LLC raised its stake in shares of GameStop by 87.0% during the fourth quarter. Aperio Group LLC now owns 963,757 shares of the company’s stock valued at $17,299,000 after purchasing an additional 448,416 shares in the last quarter. OxFORD Asset Management LLP raised its stake in shares of GameStop by 3,009.1% during the third quarter. OxFORD Asset Management LLP now owns 403,092 shares of the company’s stock valued at $8,318,000 after purchasing an additional 390,127 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in shares of GameStop by 72.5% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 787,554 shares of the company’s stock valued at $14,137,000 after purchasing an additional 331,130 shares in the last quarter. Towle & Co. raised its stake in shares of GameStop by 26.2% during the third quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock valued at $30,811,000 after purchasing an additional 309,790 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of GameStop by 210.7% during the third quarter. Point72 Asset Management L.P. now owns 116,224 shares of the company’s stock valued at $2,401,000 after purchasing an additional 221,224 shares in the last quarter.

Shares of GameStop Corp. (NYSE:GME) opened at $16.40 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38. The company has a market cap of $1,660.00, a PE ratio of 4.80, a price-to-earnings-growth ratio of 0.33 and a beta of 1.25. GameStop Corp. has a 1 year low of $15.10 and a 1 year high of $26.68.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. equities analysts anticipate that GameStop Corp. will post 3.23 EPS for the current year.

A number of equities research analysts recently weighed in on GME shares. Oppenheimer restated a “hold” rating on shares of GameStop in a research note on Wednesday, November 22nd. Loop Capital reiterated a “buy” rating and issued a $28.00 price target on shares of GameStop in a research report on Wednesday, November 22nd. Benchmark reiterated a “sell” rating and issued a $15.00 price target (down from $18.00) on shares of GameStop in a research report on Wednesday, November 22nd. ValuEngine upgraded shares of GameStop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Bank of America reiterated a “hold” rating and issued a $23.00 price target on shares of GameStop in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. GameStop presently has a consensus rating of “Hold” and a consensus price target of $22.23.

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

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About GameStop

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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