Macquarie Group Ltd. purchased a new position in shares of GameStop Corp. (NYSE:GME) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,400 shares of the company’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlueMountain Capital Management LLC acquired a new position in GameStop during the second quarter valued at approximately $162,000. JBF Capital Inc. lifted its position in GameStop by 119.8% during the second quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock valued at $197,000 after buying an additional 4,971 shares in the last quarter. Sei Investments Co. lifted its position in GameStop by 22.4% during the second quarter. Sei Investments Co. now owns 9,431 shares of the company’s stock valued at $204,000 after buying an additional 1,725 shares in the last quarter. Carret Asset Management LLC lifted its position in GameStop by 12.2% during the second quarter. Carret Asset Management LLC now owns 10,140 shares of the company’s stock valued at $219,000 after buying an additional 1,100 shares in the last quarter. Finally, KBC Group NV lifted its position in GameStop by 112.6% during the second quarter. KBC Group NV now owns 11,226 shares of the company’s stock valued at $243,000 after buying an additional 5,945 shares in the last quarter.

In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.91, for a total transaction of $71,640.00. Following the completion of the sale, the director now owns 13,474 shares in the company, valued at $241,319.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by insiders.

A number of research analysts have recently commented on GME shares. Robert W. Baird reissued an “outperform” rating and set a $24.00 target price on shares of GameStop in a research report on Tuesday, August 29th. ValuEngine cut shares of GameStop from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised shares of GameStop from a “buy” rating to a “strong-buy” rating and set a $33.36 target price on the stock in a research report on Friday, September 15th. SunTrust Banks reissued a “buy” rating and set a $25.00 target price on shares of GameStop in a research report on Tuesday, October 17th. Finally, Zacks Investment Research upgraded shares of GameStop from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.47.

Shares of GameStop Corp. (NYSE:GME) opened at $18.29 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.38 and a debt-to-equity ratio of 0.35. GameStop Corp. has a 12 month low of $15.85 and a 12 month high of $26.68. The firm has a market cap of $1,869.07, a price-to-earnings ratio of 5.33, a price-to-earnings-growth ratio of 0.37 and a beta of 1.26.

GameStop (NYSE:GME) last released its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.11. GameStop had a net margin of 3.98% and a return on equity of 16.50%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts forecast that GameStop Corp. will post 3.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.52 annualized dividend and a yield of 8.31%. GameStop’s payout ratio is 44.31%.

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About GameStop

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

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Institutional Ownership by Quarter for GameStop (NYSE:GME)

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