State of Wyoming Makes New $217,000 Investment in GameStop Corp. (NYSE:GME)

State of Wyoming purchased a new position in GameStop Corp. (NYSE:GME) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,929 shares of the company’s stock, valued at approximately $217,000.

Several other large investors also recently modified their holdings of GME. Vanguard Group Inc. boosted its position in shares of GameStop by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company’s stock worth $1,226,775,000 after buying an additional 2,036,032 shares during the period. Slate Path Capital LP acquired a new position in shares of GameStop during the fourth quarter worth about $60,361,000. D. E. Shaw & Co. Inc. boosted its position in shares of GameStop by 606.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company’s stock worth $51,735,000 after buying an additional 1,417,156 shares during the period. Northern Trust Corp boosted its position in shares of GameStop by 26.2% during the fourth quarter. Northern Trust Corp now owns 3,171,303 shares of the company’s stock worth $99,389,000 after buying an additional 659,345 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of GameStop by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company’s stock worth $208,769,000 after buying an additional 380,554 shares during the period. 29.21% of the stock is currently owned by institutional investors.

GameStop Stock Performance

GME opened at $33.19 on Friday. GameStop Corp. has a 52-week low of $18.73 and a 52-week high of $48.00. The firm has a market capitalization of $14.85 billion, a PE ratio of 184.39 and a beta of -0.76. The business’s 50-day simple moving average is $26.22 and its 200 day simple moving average is $27.12.

GameStop (NYSE:GME) last released its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.21. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. GameStop’s revenue was down 28.5% on a year-over-year basis. On average, research analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GME shares. Wall Street Zen raised GameStop from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th. Wedbush set a $11.50 price objective on GameStop in a research report on Wednesday, March 26th.

Insider Buying and Selling

In related news, Director Alain Attal bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average price of $25.75 per share, for a total transaction of $257,500.00. Following the completion of the acquisition, the director now owns 572,464 shares of the company’s stock, valued at approximately $14,740,948. The trade was a 1.78% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 1,608 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $36,228.24. Following the sale, the insider now owns 29,777 shares in the company, valued at $670,875.81. The trade was a 5.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 515,000 shares of company stock worth $11,140,200. Corporate insiders own 12.28% of the company’s stock.

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.