Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of GameStop Corp. (NYSE:GME – Get Rating) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 676 shares of the company’s stock, valued at approximately $83,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of GameStop by 323.2% in the 1st quarter. Covestor Ltd now owns 237 shares of the company’s stock worth $39,000 after buying an additional 181 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in GameStop in the first quarter worth about $50,000. Glassman Wealth Services lifted its holdings in GameStop by 3,400.0% in the 2nd quarter. Glassman Wealth Services now owns 315 shares of the company’s stock valued at $39,000 after acquiring an additional 306 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of GameStop during the 2nd quarter valued at about $53,000. Finally, Larson Financial Group LLC grew its stake in shares of GameStop by 242.8% in the 2nd quarter. Larson Financial Group LLC now owns 473 shares of the company’s stock worth $58,000 after purchasing an additional 335 shares during the last quarter. 9.57% of the stock is currently owned by institutional investors and hedge funds.
GameStop Stock Performance
Shares of NYSE GME opened at $26.70 on Thursday. The stock’s fifty day simple moving average is $26.18 and its 200 day simple moving average is $30.07. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of -15.59 and a beta of -0.42. The company has a quick ratio of 1.38, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. GameStop Corp. has a 52-week low of $19.40 and a 52-week high of $56.00.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of GameStop to a “sell” rating in a report on Wednesday, November 9th.
GameStop Company Profile
GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
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