Virtu Financial LLC Invests $285,000 in GameStop Corp. (NYSE:GME)

Virtu Financial LLC acquired a new stake in shares of GameStop Corp. (NYSE:GME) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,430 shares of the company’s stock, valued at approximately $285,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its stake in GameStop by 19.9% during the 3rd quarter. CWM LLC now owns 3,189 shares of the company’s stock worth $73,000 after buying an additional 529 shares during the last quarter. UMB Bank n.a. grew its stake in shares of GameStop by 535.8% during the third quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after acquiring an additional 959 shares during the last quarter. United Services Automobile Association increased its holdings in shares of GameStop by 4.6% during the third quarter. United Services Automobile Association now owns 22,500 shares of the company’s stock valued at $516,000 after acquiring an additional 999 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of GameStop by 6.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company’s stock valued at $408,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in GameStop by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 77,067 shares of the company’s stock worth $1,903,000 after purchasing an additional 1,501 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel William Moore sold 1,972 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $43,305.12. Following the sale, the insider now owns 37,280 shares of the company’s stock, valued at $818,668.80. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Mark Haymond Robinson sold 11,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $20.82, for a total transaction of $229,020.00. Following the completion of the transaction, the general counsel now owns 43,927 shares of the company’s stock, valued at approximately $914,560.14. This represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,639 shares of company stock valued at $481,000. Company insiders own 12.28% of the company’s stock.

GameStop Stock Up 6.3 %

GameStop stock opened at $31.29 on Wednesday. The stock has a 50-day moving average price of $25.34 and a 200 day moving average price of $24.31. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 173.83 and a beta of -0.11. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business had revenue of $860.30 million for the quarter, compared to the consensus estimate of $887.68 million. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. Research analysts anticipate that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GME. StockNews.com upgraded shares of GameStop to a “sell” rating in a research note on Saturday, October 19th. Wedbush reissued an “underperform” rating and issued a $10.00 target price on shares of GameStop in a research report on Friday, December 6th.

GameStop Company Profile

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.