Sciencast Management LP purchased a new position in shares of GameStop Corp. (NYSE:GME) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,543 shares of the company’s stock, valued at approximately $485,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GME. Crossmark Global Holdings Inc. acquired a new position in GameStop during the 3rd quarter worth approximately $456,000. Victory Capital Management Inc. grew its holdings in GameStop by 40.7% during the 3rd quarter. Victory Capital Management Inc. now owns 24,982 shares of the company’s stock worth $516,000 after acquiring an additional 7,226 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in GameStop by 31.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 386,829 shares of the company’s stock worth $7,992,000 after acquiring an additional 93,619 shares in the last quarter. New York State Common Retirement Fund grew its holdings in GameStop by 26.3% during the 3rd quarter. New York State Common Retirement Fund now owns 278,400 shares of the company’s stock worth $5,752,000 after acquiring an additional 57,900 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in GameStop by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 182,001 shares of the company’s stock worth $3,760,000 after acquiring an additional 4,301 shares in the last quarter.
GameStop Corp. (GME) opened at $15.31 on Friday. GameStop Corp. has a twelve month low of $15.10 and a twelve month high of $25.31. 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 stock has a market cap of $1,566.17, a price-to-earnings ratio of 4.46, a PEG ratio of 0.31 and a beta of 1.26.
Several research analysts have commented on the stock. Loop Capital set a $26.00 price target on shares of GameStop and gave the stock a “buy” rating in a report on Friday, January 12th. ValuEngine upgraded shares of GameStop from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Credit Suisse Group set a $20.00 price target on shares of GameStop and gave the stock a “hold” rating in a report on Saturday, November 25th. Bank of America restated a “hold” rating and issued a $23.00 target price on shares of GameStop in a report on Wednesday, November 22nd. Finally, Robert W. Baird restated a “buy” rating and issued a $23.00 target price on shares of GameStop in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. GameStop currently has an average rating of “Hold” and a consensus price target of $22.23.
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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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