Metropolitan Life Insurance Co. NY decreased its holdings in shares of GameStop (NYSE:GME) by 69.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,966 shares of the company’s stock after selling 66,247 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in GameStop were worth $520,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GME. State of Alaska Department of Revenue purchased a new stake in GameStop during the fourth quarter worth $104,000. Macquarie Group Ltd. purchased a new stake in shares of GameStop in the third quarter valued at $112,000. SeaCrest Wealth Management LLC purchased a new position in GameStop during the fourth quarter worth about $140,000. Kovack Advisors Inc. purchased a new position in GameStop during the fourth quarter worth about $181,000. Finally, Unison Advisors LLC purchased a new position in GameStop during the fourth quarter worth about $198,000.
Shares of GameStop stock opened at $13.44 on Friday. The firm has a market capitalization of $1,383.82, a PE ratio of 4.09, a price-to-earnings-growth ratio of 0.30 and a beta of 1.30. GameStop has a 12 month low of $12.20 and a 12 month high of $25.31. The company has a quick ratio of 0.61, a current ratio of 1.33 and a debt-to-equity ratio of 0.37.
GameStop (NYSE:GME) last released its quarterly earnings data on Wednesday, March 28th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.06. GameStop had a return on equity of 14.87% and a net margin of 0.38%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the firm earned $2.38 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. analysts predict that GameStop will post 3.06 earnings per share for the current fiscal year.
Several equities research analysts have commented on the company. Telsey Advisory Group dropped their price target on GameStop from $19.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, March 29th. Loop Capital downgraded GameStop from a “buy” rating to a “hold” rating and reduced their price target for the company from $25.31 to $14.00 in a report on Tuesday, April 3rd. Benchmark reduced their price target on GameStop from $15.00 to $12.00 and set a “sell” rating for the company in a report on Thursday, March 29th. Zacks Investment Research downgraded GameStop from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Finally, ValuEngine downgraded GameStop from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.33.
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GameStop Company Profile
GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.
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