Retirement Systems of Alabama Purchases 1,567 Shares of GameStop Corp. (NYSE:GME)

Retirement Systems of Alabama lifted its position in GameStop Corp. (NYSE:GME) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,422 shares of the company’s stock after acquiring an additional 1,567 shares during the quarter. Retirement Systems of Alabama owned approximately 0.11% of GameStop worth $5,897,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of GameStop by 175.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,855 shares of the company’s stock worth $47,000 after buying an additional 1,819 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of GameStop in the 4th quarter worth about $55,000. Handelsinvest Investeringsforvaltning purchased a new position in shares of GameStop in the 4th quarter worth about $184,000. Algert Global LLC purchased a new position in shares of GameStop in the 3rd quarter worth about $191,000. Finally, Revisor Wealth Management LLC purchased a new position in shares of GameStop in the 3rd quarter worth about $213,000. Institutional investors own 29.21% of the company’s stock.

GameStop Price Performance

NYSE GME opened at $16.47 on Monday. The company has a market cap of $5.04 billion, a PE ratio of 823.91 and a beta of -0.25. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $27.65. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $12.73 and its two-hundred day simple moving average is $13.97.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $2.05 billion. GameStop had a net margin of 0.13% and a return on equity of 1.35%. GameStop’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Research analysts predict that GameStop Corp. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wedbush cut their price target on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a report on Wednesday, March 27th. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.

Insider Transactions at GameStop

In other news, insider Daniel William Moore sold 7,779 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total value of $79,345.80. Following the sale, the insider now directly owns 13,606 shares of the company’s stock, valued at $138,781.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Daniel William Moore sold 7,779 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total value of $79,345.80. Following the sale, the insider now directly owns 13,606 shares of the company’s stock, valued at $138,781.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Mark Haymond Robinson sold 4,379 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total transaction of $50,840.19. Following the completion of the sale, the general counsel now directly owns 64,308 shares in the company, valued at $746,615.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,207 shares of company stock valued at $285,048. 12.64% of the stock is currently owned by corporate insiders.

About GameStop

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.