Cwm LLC Buys 529 Shares of GameStop Corp. (NYSE:GME)

Cwm LLC lifted its position in GameStop Corp. (NYSE:GME) by 19.9% during the 3rd quarter, Holdings Channel reports. The firm owned 3,189 shares of the company’s stock after acquiring an additional 529 shares during the period. Cwm LLC’s holdings in GameStop were worth $73,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. AlphaMark Advisors LLC boosted its position in GameStop by 41.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock valued at $33,000 after buying an additional 396 shares during the period. Centerpoint Advisors LLC purchased a new stake in shares of GameStop during the second quarter worth about $47,000. GAMMA Investing LLC grew its stake in shares of GameStop by 32.9% in the second quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock worth $51,000 after purchasing an additional 511 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in GameStop by 147.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock valued at $65,000 after purchasing an additional 3,025 shares during the period. Finally, Quest Partners LLC increased its holdings in GameStop by 7,156.5% during the 2nd quarter. Quest Partners LLC now owns 6,168 shares of the company’s stock valued at $152,000 after purchasing an additional 6,083 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GameStop

In other news, General Counsel Mark Haymond Robinson sold 4,667 shares of the company’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 $102,487.32. Following the sale, the general counsel now directly owns 54,927 shares of the company’s stock, valued at $1,206,196.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Mark Haymond Robinson sold 4,667 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $102,487.32. Following the sale, the general counsel now owns 54,927 shares in the company, valued at $1,206,196.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel William Moore sold 2,624 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $21.00, for a total value of $55,104.00. Following the transaction, the insider now directly owns 32,280 shares of the company’s stock, valued at approximately $677,880. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,639 shares of company stock valued at $481,000. 12.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GME shares. StockNews.com upgraded GameStop to a “sell” rating in a report on Saturday, October 19th. Wedbush reduced their price objective on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 11th.

GameStop Price Performance

GME stock opened at $20.57 on Monday. The firm has a 50-day moving average of $21.58 and a 200 day moving average of $21.85. The company has a market cap of $8.77 billion, a P/E ratio of 158.24 and a beta of -0.19. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.

GameStop (NYSE:GME) last released its earnings results on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $798.30 million during the quarter, compared to analysts’ expectations of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The firm’s revenue for the quarter was down 31.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. On average, equities research analysts expect that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

About GameStop

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.