GameStop Corp. (NYSE:GME) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its holdings in shares of GameStop Corp. (NYSE:GME) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 214,637 shares of the company’s stock after buying an additional 5,021 shares during the period. Mutual of America Capital Management LLC’s holdings in GameStop were worth $6,727,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GME. State Street Corp increased its position in shares of GameStop by 38.0% in the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company’s stock valued at $255,526,000 after acquiring an additional 3,070,571 shares during the period. Geode Capital Management LLC increased its position in shares of GameStop by 41.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock valued at $144,009,000 after acquiring an additional 1,852,088 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of GameStop by 22.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after acquiring an additional 646,488 shares during the period. Swiss National Bank increased its position in shares of GameStop by 46.0% in the 3rd quarter. Swiss National Bank now owns 790,528 shares of the company’s stock valued at $18,127,000 after acquiring an additional 249,100 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of GameStop by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 774,096 shares of the company’s stock valued at $17,750,000 after acquiring an additional 244,339 shares during the period. 29.21% of the stock is owned by institutional investors and hedge funds.

GameStop Price Performance

NYSE GME opened at $25.07 on Monday. The stock’s fifty day moving average price is $28.28 and its 200 day moving average price is $25.49. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 139.26 and a beta of -0.11. 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 for the quarter, topping the consensus estimate of ($0.03) by $0.09. The company had revenue of $860.30 million for the quarter, compared to the consensus estimate of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. GameStop’s quarterly revenue was down 20.2% compared to the same quarter last year. Research analysts expect that GameStop Corp. will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the sale, the general counsel now directly owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel William Moore sold 895 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the sale, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “underperform” rating and issued a $10.00 target price on shares of GameStop in a research report on Friday, December 6th.

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.