Dimensional Fund Advisors LP Decreases Stake in GameStop Corp. (NYSE:GME)

Dimensional Fund Advisors LP trimmed its position in GameStop Corp. (NYSE:GME) by 75.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,046 shares of the company’s stock after selling 624,527 shares during the period. Dimensional Fund Advisors LP’s holdings in GameStop were worth $4,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC boosted its holdings in shares of GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock valued at $33,000 after acquiring an additional 396 shares during the last quarter. Centerpoint Advisors LLC acquired a new position in GameStop during the second quarter valued at $47,000. GAMMA Investing LLC boosted its holdings in GameStop by 32.9% in the second quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock valued at $51,000 after purchasing an additional 511 shares during the last quarter. Russell Investments Group Ltd. grew its position in GameStop by 147.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock worth $65,000 after purchasing an additional 3,025 shares during the period. Finally, CWM LLC raised its stake in shares of GameStop by 115.6% during the 2nd quarter. CWM LLC now owns 2,660 shares of the company’s stock valued at $66,000 after buying an additional 1,426 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Stock Performance

Shares of GameStop stock opened at $20.50 on Thursday. The firm has a 50-day simple moving average of $21.79 and a two-hundred day simple moving average of $21.13. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The company has a market cap of $7.20 billion, a P/E ratio of 256.19 and a beta of -0.19.

GameStop (NYSE:GME) last released its earnings results on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The business had revenue of $798.30 million during the quarter, compared to analysts’ expectations of $895.67 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The company’s quarterly revenue was down 31.4% on a year-over-year basis. Equities research analysts forecast that GameStop Corp. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on GME. Wedbush dropped their target price on GameStop from $11.00 to $10.00 and set an “underperform” rating on the stock in a report on Wednesday, September 11th. StockNews.com raised shares of GameStop to a “sell” rating in a research note on Wednesday, September 25th.

Insider Buying and Selling at GameStop

In other GameStop news, insider Daniel William Moore sold 1,972 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $43,305.12. Following the transaction, the insider now directly owns 37,280 shares in the company, valued at $818,668.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, General Counsel Mark Haymond Robinson sold 4,667 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the transaction, the general counsel now directly owns 54,927 shares in the company, valued at $1,206,196.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel William Moore sold 1,972 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $43,305.12. Following the sale, the insider now owns 37,280 shares in the company, valued at $818,668.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by company insiders.

GameStop Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.