GameStop Corp. $GME Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in GameStop Corp. (NYSE:GME) by 36.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 84,586 shares of the company’s stock after buying an additional 22,693 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in GameStop were worth $2,308,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in GameStop by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 96,623 shares of the company’s stock valued at $2,357,000 after acquiring an additional 511 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of GameStop by 1.9% in the 2nd quarter. Wealthfront Advisers LLC now owns 30,761 shares of the company’s stock valued at $750,000 after purchasing an additional 576 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of GameStop by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 114,500 shares of the company’s stock valued at $2,793,000 after purchasing an additional 600 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of GameStop by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 97,900 shares of the company’s stock worth $2,388,000 after purchasing an additional 600 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its position in shares of GameStop by 9.4% during the 2nd quarter. Rakuten Securities Inc. now owns 7,572 shares of the company’s stock worth $185,000 after purchasing an additional 650 shares during the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GameStop

In other news, Director Alain Attal purchased 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were purchased at an average price of $20.90 per share, for a total transaction of $250,800.00. Following the purchase, the director directly owned 596,464 shares of the company’s stock, valued at $12,466,097.60. This represents a 2.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 12,200 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $21.00, for a total value of $256,200.00. Following the completion of the sale, the general counsel owned 105,155 shares of the company’s stock, valued at approximately $2,208,255. This represents a 10.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have acquired 517,000 shares of company stock valued at $10,925,150 and have sold 23,152 shares valued at $480,059. 8.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Weiss Ratings lowered GameStop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 16th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell” and a consensus price target of $13.50.

GameStop Stock Down 3.4%

Shares of NYSE:GME opened at $22.83 on Friday. The firm has a 50 day simple moving average of $21.82 and a 200-day simple moving average of $22.84. GameStop Corp. has a twelve month low of $19.93 and a twelve month high of $35.81. The company has a current ratio of 10.39, a quick ratio of 9.77 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $10.23 billion, a PE ratio of 27.84 and a beta of -1.23.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, December 9th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The firm had revenue of $821.00 million for the quarter, compared to the consensus estimate of $987.29 million. During the same period last year, the firm posted $0.06 EPS. The company’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.