Gamestop Corporation (GME) Stake Lessened by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lessened its stake in Gamestop Corporation (NYSE:GME) by 6.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,052 shares of the company’s stock after selling 892 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Gamestop Corporation were worth $304,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cubic Asset Management LLC raised its stake in Gamestop Corporation by 0.3% during the second quarter. Cubic Asset Management LLC now owns 39,465 shares of the company’s stock worth $853,000 after acquiring an additional 125 shares during the period. Fairbanks Capital Management Inc. acquired a new stake in Gamestop Corporation during the second quarter worth about $3,494,000. Raymond James Financial Services Advisors Inc. raised its stake in Gamestop Corporation by 1.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,270 shares of the company’s stock worth $322,000 after acquiring an additional 230 shares during the period. State Treasurer State of Michigan raised its stake in Gamestop Corporation by 0.7% during the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock worth $901,000 after acquiring an additional 300 shares during the period. Finally, Arizona State Retirement System raised its stake in Gamestop Corporation by 0.7% during the second quarter. Arizona State Retirement System now owns 42,700 shares of the company’s stock worth $923,000 after acquiring an additional 300 shares during the period.

Several research firms recently weighed in on GME. ValuEngine lowered shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reiterated an “outperform” rating and set a $24.00 price objective on shares of Gamestop Corporation in a research note on Tuesday, August 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a research note on Friday, August 25th. Loop Capital reiterated a “buy” rating and set a $28.00 price objective on shares of Gamestop Corporation in a research note on Wednesday, August 23rd. Finally, Telsey Advisory Group lowered shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. Gamestop Corporation currently has a consensus rating of “Hold” and an average price target of $24.16.

WARNING: This news story was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2017/09/12/gamestop-corporation-gme-stake-lessened-by-sheaff-brock-investment-advisors-llc.html.

Gamestop Corporation (NYSE:GME) opened at 19.20 on Tuesday. Gamestop Corporation has a 12-month low of $18.47 and a 12-month high of $28.58. The stock has a 50 day moving average of $20.75 and a 200 day moving average of $22.25. The company has a market capitalization of $1.95 billion, a PE ratio of 5.78 and a beta of 1.19.

Gamestop Corporation (NYSE:GME) last announced its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Gamestop Corporation will post $3.30 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date is Thursday, September 7th. Gamestop Corporation’s dividend payout ratio is presently 45.65%.

Gamestop Corporation Profile

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.

Want to see what other hedge funds are holding GME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gamestop Corporation (NYSE:GME).

Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

Receive News & Ratings for Gamestop Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gamestop Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply