SLT Holdings LLC Takes $870,000 Position in GameStop Corp. (NYSE:GME)

SLT Holdings LLC purchased a new stake in shares of GameStop Corp. (NYSE:GME) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 27,763 shares of the company’s stock, valued at approximately $870,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of GameStop during the 4th quarter valued at approximately $37,000. R Squared Ltd purchased a new position in shares of GameStop during the 4th quarter worth approximately $51,000. UMB Bank n.a. increased its stake in shares of GameStop by 59.9% during the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock worth $57,000 after purchasing an additional 682 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of GameStop during the 4th quarter worth approximately $99,000. Finally, GAMMA Investing LLC increased its stake in shares of GameStop by 65.8% during the 4th quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock worth $112,000 after purchasing an additional 1,414 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

GameStop Stock Down 0.8 %

Shares of NYSE GME opened at $24.00 on Friday. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83. The firm has a fifty day moving average of $27.55 and a 200-day moving average of $25.54. The stock has a market capitalization of $10.72 billion, a PE ratio of 133.31 and a beta of -0.29.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company had revenue of $860.30 million during the quarter, compared to analysts’ expectations of $887.68 million. The firm’s quarterly revenue was down 20.2% compared to the same quarter last year. Equities research analysts expect that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

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.