39,298 Shares in GameStop Corp. $GME Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of GameStop Corp. (NYSE:GME) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,298 shares of the company’s stock, valued at approximately $905,000.

A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in GameStop by 308.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock worth $26,000 after acquiring an additional 732 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of GameStop by 226.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after purchasing an additional 886 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of GameStop in the 3rd quarter worth approximately $39,000. Los Angeles Capital Management LLC bought a new stake in shares of GameStop in the 4th quarter worth approximately $39,000. Finally, Rockefeller Capital Management L.P. lifted its stake in GameStop by 805.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock valued at $45,000 after purchasing an additional 2,014 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised GameStop from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings upgraded GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

GameStop Price Performance

Shares of NYSE:GME opened at $22.19 on Wednesday. The firm has a market capitalization of $9.96 billion, a PE ratio of 16.81 and a beta of 1.76. The company has a quick ratio of 11.91, a current ratio of 12.40 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $21.86 and a two-hundred day moving average price of $22.92. GameStop Corp. has a twelve month low of $19.93 and a twelve month high of $28.10.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $835.30 million for the quarter, compared to analyst estimates of $766.63 million. GameStop had a net margin of 20.45% and a return on equity of 13.75%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share.

Insider Buying and Selling

In other GameStop news, General Counsel Mark Haymond Robinson sold 7,083 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total transaction of $158,517.54. Following the sale, the general counsel owned 108,147 shares in the company, valued at $2,420,329.86. This represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel William Moore sold 7,085 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total value of $158,562.30. Following the completion of the transaction, the insider directly owned 115,125 shares of the company’s stock, valued at $2,576,497.50. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,125 shares of company stock valued at $406,587 over the last quarter. 9.50% of the stock is owned by company insiders.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.