Great West Life Assurance Co. Can Invests $4.22 Million in GameStop Corp. (NYSE:GME)

Great West Life Assurance Co. Can bought a new position in GameStop Corp. (NYSE:GME – Get Rating) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 168,074 shares of the company’s stock, valued at approximately $4,216,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd grew its position 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 during the period. Canada Pension Plan Investment Board purchased a new stake in shares of GameStop in the 1st quarter worth about $50,000. Glassman Wealth Services grew its position in shares of GameStop by 3,400.0% in the 2nd quarter. Glassman Wealth Services now owns 315 shares of the company’s stock worth $39,000 after buying an additional 306 shares during the period. Lazard Asset Management LLC purchased a new stake in GameStop during the 2nd quarter valued at about $53,000. Finally, Larson Financial Group LLC grew its position in GameStop by 242.8% during the 2nd quarter. Larson Financial Group LLC now owns 473 shares of the company’s stock valued at $58,000 after purchasing an additional 335 shares during the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

GameStop Price Performance

GME opened at $19.61 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.63. The stock has a market capitalization of $5.97 billion, a P/E ratio of -11.71 and a beta of -0.24. The company’s 50-day simple moving average is $21.97 and its two-hundred day simple moving average is $27.47. GameStop Corp. has a 52-week low of $15.41 and a 52-week high of $49.85.

GameStop (NYSE:GME – Get Rating) last posted its earnings results on Wednesday, December 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.02). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.35 billion. GameStop had a negative net margin of 8.54% and a negative return on equity of 35.44%. GameStop’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.35) EPS. As a group, analysts predict that GameStop Corp. will post -1.34 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on GME. StockNews.com raised shares of GameStop to a “sell” rating in a research report on Thursday, January 5th. Wedbush cut their price objective on shares of GameStop from $6.00 to $5.30 and set an “underperform” rating on the stock in a research report on Thursday, December 8th.

GameStop Profile

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GameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology.