GameStop Corp. (GME) Stake Increased by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. grew its stake in shares of GameStop Corp. (NYSE:GME) by 2.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 287,571 shares of the company’s stock after acquiring an additional 6,988 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in GameStop were worth $3,629,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of GameStop by 6.2% during the 1st quarter. BlackRock Inc. now owns 9,409,036 shares of the company’s stock valued at $118,742,000 after acquiring an additional 548,437 shares during the period. Bank of New York Mellon Corp lifted its position in shares of GameStop by 22.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,894,420 shares of the company’s stock valued at $51,956,000 after acquiring an additional 527,083 shares during the period. Two Sigma Investments LP lifted its position in shares of GameStop by 10.9% during the 4th quarter. Two Sigma Investments LP now owns 2,117,573 shares of the company’s stock valued at $38,010,000 after acquiring an additional 207,860 shares during the period. Towle & Co. lifted its position in shares of GameStop by 2.5% during the 1st quarter. Towle & Co. now owns 1,887,370 shares of the company’s stock valued at $23,819,000 after acquiring an additional 45,960 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of GameStop by 7.8% during the 4th quarter. Two Sigma Advisers LP now owns 1,860,939 shares of the company’s stock valued at $33,404,000 after acquiring an additional 134,352 shares during the period.

Shares of GME stock opened at $14.57 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.37. GameStop Corp. has a twelve month low of $12.20 and a twelve month high of $22.37. The firm has a market cap of $1.48 billion, a P/E ratio of 4.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.25.

GameStop (NYSE:GME) last announced its quarterly earnings data on Friday, June 1st. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. GameStop had a return on equity of 13.92% and a net margin of 0.04%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company earned $0.63 EPS. GameStop’s revenue for the quarter was down 5.5% on a year-over-year basis. research analysts expect that GameStop Corp. will post 3.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 26th. Shareholders of record on Tuesday, June 12th were given a $0.38 dividend. The ex-dividend date was Monday, June 11th. This represents a $1.52 annualized dividend and a yield of 10.43%. GameStop’s dividend payout ratio is presently 45.51%.

A number of research firms have recently weighed in on GME. Credit Suisse Group set a $15.00 target price on GameStop and gave the company a “hold” rating in a research report on Friday, June 1st. Zacks Investment Research upgraded GameStop from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Benchmark cut their target price on GameStop from $12.00 to $10.00 and set a “sell” rating for the company in a research report on Friday, June 1st. Robert W. Baird dropped their price objective on GameStop from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, June 1st. Finally, Telsey Advisory Group dropped their price objective on GameStop from $15.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, June 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. GameStop presently has a consensus rating of “Hold” and a consensus target price of $16.06.

About GameStop

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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Institutional Ownership by Quarter for GameStop (NYSE:GME)

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