Everence Capital Management Inc. Acquires New Position in GameStop Corp. (NYSE:GME)

Everence Capital Management Inc. bought a new position in shares of GameStop Corp. (NYSE:GME) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,010 shares of the company’s stock, valued at approximately $376,000.

A number of other large investors have also recently modified their holdings of the business. UMB Bank n.a. raised its holdings in shares of GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after buying an additional 959 shares in the last quarter. CWM LLC raised its stake in GameStop by 19.9% during the third quarter. CWM LLC now owns 3,189 shares of the company’s stock worth $73,000 after acquiring an additional 529 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of GameStop by 65.8% in the fourth quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock worth $112,000 after acquiring an additional 1,414 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of GameStop by 7,156.5% in the second quarter. Quest Partners LLC now owns 6,168 shares of the company’s stock worth $152,000 after acquiring an additional 6,083 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in shares of GameStop in the 3rd quarter valued at approximately $171,000. Institutional investors and hedge funds own 29.21% of the company’s stock.

GameStop Price Performance

GameStop stock opened at $32.72 on Tuesday. The business has a 50 day moving average of $27.94 and a 200-day moving average of $24.51. The company has a market capitalization of $14.62 billion, a P/E ratio of 181.79 and a beta of -0.02. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.

GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.09. The firm had revenue of $860.30 million during the quarter, compared to analysts’ expectations of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. Equities analysts anticipate that GameStop Corp. will post 0.08 EPS for the current year.

Insider Activity at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 11,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $20.82, for a total value of $229,020.00. Following the sale, the general counsel now owns 43,927 shares in the company, valued at approximately $914,560.14. The trade was a 20.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the transaction, the insider now owns 31,385 shares of the company’s stock, valued at $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,096 shares of company stock worth $360,929 over the last three months. Company insiders own 12.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GME. Wedbush reissued an “underperform” rating and issued a $10.00 price objective on shares of GameStop in a research note on Friday, December 6th. StockNews.com upgraded GameStop to a “sell” rating in a research note on Saturday, October 19th.

GameStop Company 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.