Thrivent Financial for Lutherans Acquires 26,259 Shares of GameStop Corp. (NYSE:GME)

Thrivent Financial for Lutherans boosted its holdings in shares of GameStop Corp. (NYSE:GME) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,868 shares of the company’s stock after buying an additional 26,259 shares during the quarter. Thrivent Financial for Lutherans’ holdings in GameStop were worth $2,107,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GME. Russell Investments Group Ltd. grew its position in GameStop by 147.2% during the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock valued at $65,000 after buying an additional 3,025 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in GameStop by 2.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 194,764 shares of the company’s stock valued at $2,438,000 after purchasing an additional 5,411 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in GameStop by 3.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 180,643 shares of the company’s stock valued at $2,262,000 after purchasing an additional 6,072 shares in the last quarter. Tidal Investments LLC lifted its holdings in GameStop by 659.6% during the first quarter. Tidal Investments LLC now owns 139,723 shares of the company’s stock valued at $1,749,000 after purchasing an additional 121,328 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of GameStop in the first quarter worth $806,000. 29.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

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 shares were sold at an average price of $21.96, for a total value of $102,487.32. Following the transaction, the general counsel now owns 54,927 shares of the company’s stock, valued at $1,206,196.92. This trade represents a 7.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel William Moore sold 1,972 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 $43,305.12. Following the completion of the transaction, the insider now directly owns 37,280 shares in the company, valued at $818,668.80. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,639 shares of company stock valued at $481,000. 12.28% of the stock is currently owned by company insiders.

GameStop Stock Up 1.8 %

GameStop stock opened at $30.89 on Thursday. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 237.63 and a beta of -0.13. The firm’s fifty day moving average is $23.40 and its 200 day moving average is $24.01. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83.

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

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.