Wealth Enhancement Advisory Services LLC Has $1 Million Stock Holdings in GameStop Corp. $GME

Wealth Enhancement Advisory Services LLC cut its stake in shares of GameStop Corp. (NYSE:GME) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,508 shares of the company’s stock after selling 45,010 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in GameStop were worth $1,002,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in shares of GameStop by 39.2% in the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company’s stock valued at $46,000 after buying an additional 471 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of GameStop by 0.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 96,623 shares of the company’s stock worth $2,357,000 after acquiring an additional 511 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of GameStop by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company’s stock worth $3,574,000 after acquiring an additional 578 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of GameStop by 7.2% during the 3rd quarter. Profund Advisors LLC now owns 9,371 shares of the company’s stock worth $256,000 after acquiring an additional 632 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of GameStop by 9.4% during the 2nd quarter. Rakuten Securities Inc. now owns 7,572 shares of the company’s stock worth $185,000 after acquiring an additional 650 shares during the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GME shares. Weiss Ratings raised GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Wall Street Zen cut shares of GameStop from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.50.

GameStop Stock Performance

NYSE:GME opened at $23.10 on Tuesday. The stock has a market cap of $10.36 billion, a P/E ratio of 30.80 and a beta of 1.86. The stock has a 50 day simple moving average of $23.75 and a 200 day simple moving average of $22.99. The company has a current ratio of 15.30, a quick ratio of 14.68 and a debt-to-equity ratio of 0.76. GameStop Corp. has a 1-year low of $19.93 and a 1-year high of $35.81.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, March 24th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.12. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.47 billion. GameStop had a return on equity of 12.47% and a net margin of 11.53%. Research analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at GameStop

In other news, Director Alain Attal purchased 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was acquired at an average cost of $20.90 per share, with a total value of $250,800.00. Following the acquisition, the director owned 596,464 shares in the company, valued at approximately $12,466,097.60. This trade represents a 2.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Cohen purchased 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were purchased at an average cost of $21.12 per share, with a total value of $10,560,000.00. Following the completion of the acquisition, the chief executive officer owned 37,847,842 shares in the company, valued at $799,346,423.04. The trade was a 1.34% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 517,000 shares of company stock worth $10,925,150 and sold 26,619 shares worth $586,972. 8.58% of the stock is currently owned by company insiders.

GameStop Profile

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.