GameStop Corp. (NYSE:GME) Shares Sold by Christensen King & Associates Investment Services Inc.

Christensen King & Associates Investment Services Inc. lessened its stake in shares of GameStop Corp. (NYSE:GME) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,879 shares of the company’s stock after selling 1,636 shares during the period. Christensen King & Associates Investment Services Inc.’s holdings in GameStop were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after acquiring an additional 959 shares in the last quarter. AlphaMark Advisors LLC grew its stake in GameStop by 41.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock valued at $33,000 after acquiring an additional 396 shares in the last quarter. Centerpoint Advisors LLC purchased a new stake in GameStop during the 2nd quarter valued at about $47,000. GAMMA Investing LLC grew its stake in GameStop by 32.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock valued at $51,000 after acquiring an additional 511 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in GameStop by 147.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock valued at $65,000 after acquiring an additional 3,025 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

GameStop Stock Up 0.1 %

Shares of GameStop stock traded up $0.03 during mid-day trading on Tuesday, hitting $20.73. The stock had a trading volume of 2,353,723 shares, compared to its average volume of 20,229,119. The firm has a 50-day moving average of $21.71 and a two-hundred day moving average of $21.66. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83. The firm has a market cap of $7.28 billion, a P/E ratio of 258.25 and a beta of -0.19.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $798.30 million during the quarter, compared to analysts’ expectations of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The firm’s quarterly revenue was down 31.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) EPS. Sell-side analysts expect that GameStop Corp. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on GME. StockNews.com raised shares of GameStop to a “sell” rating in a research note on Saturday. Wedbush dropped their price target on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday, September 11th.

Insiders Place Their Bets

In other GameStop news, insider Daniel William Moore sold 2,624 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $21.00, for a total transaction of $55,104.00. Following the sale, the insider now directly owns 32,280 shares in the company, valued at $677,880. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, General Counsel Mark Haymond Robinson sold 11,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $20.82, for a total value of $229,020.00. Following the transaction, the general counsel now directly owns 43,927 shares of the company’s stock, valued at $914,560.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel William Moore sold 2,624 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $21.00, for a total transaction of $55,104.00. Following the completion of the transaction, the insider now directly owns 32,280 shares in the company, valued at $677,880. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock worth $481,000 in the last ninety days. 12.28% of the stock is 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.