Public Employees Retirement System of Ohio Takes Position in GameStop Corp. $GME

Public Employees Retirement System of Ohio bought a new stake in GameStop Corp. (NYSE:GME) during the second quarter, HoldingsChannel reports. The firm bought 116,759 shares of the company’s stock, valued at approximately $2,578,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC boosted its position in GameStop by 0.5% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 92,197 shares of the company’s stock valued at $1,851,000 after purchasing an additional 463 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of GameStop by 4.5% during the 4th quarter. Panagora Asset Management Inc. now owns 13,692 shares of the company’s stock worth $275,000 after purchasing an additional 594 shares during the last quarter. UMB Bank n.a. raised its stake in shares of GameStop by 14.5% during the 4th quarter. UMB Bank n.a. now owns 4,694 shares of the company’s stock worth $94,000 after purchasing an additional 595 shares in the last quarter. Rakuten Securities Inc. raised its stake 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 in the last quarter. Finally, Signal Advisors Wealth LLC boosted its holdings in shares of GameStop by 1.2% in the 1st quarter. Signal Advisors Wealth LLC now owns 63,056 shares of the company’s stock valued at $1,453,000 after buying an additional 724 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Mark Robinson sold 3,957 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $22.62, for a total value of $89,507.34. Following the completion of the sale, the general counsel directly owned 104,190 shares of the company’s stock, valued at $2,356,777.80. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Moore sold 7,085 shares of GameStop stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total value of $158,562.30. Following the transaction, the insider owned 115,125 shares of the company’s stock, valued at $2,576,497.50. This represents a 5.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 18,125 shares of company stock valued at $406,587. Insiders own 9.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on GME shares. Weiss Ratings reissued a “hold (c)” rating on shares of GameStop in a research note on Wednesday, July 29th. Wall Street Zen raised shares of GameStop from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, GameStop presently has an average rating of “Hold”.

GameStop Trading Down 0.1%

GameStop stock opened at $19.21 on Friday. GameStop Corp. has a 52 week low of $17.79 and a 52 week high of $28.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 11.91 and a current ratio of 12.40. The stock has a market capitalization of $8.62 billion, a P/E ratio of 14.55 and a beta of 1.72. The stock has a 50-day simple moving average of $20.28 and a 200 day simple moving average of $22.11.

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.