Yousif Capital Management LLC Has $4.48 Million Stock Position in GameStop Corp. (NYSE:GME)

Yousif Capital Management LLC grew its stake in GameStop Corp. (NYSE:GME) by 0.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 142,931 shares of the company’s stock after buying an additional 628 shares during the quarter. Yousif Capital Management LLC’s holdings in GameStop were worth $4,479,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Sei Investments Co. lifted its position in GameStop by 18.5% in the 2nd quarter. Sei Investments Co. now owns 14,081 shares of the company’s stock valued at $348,000 after acquiring an additional 2,202 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of GameStop by 226.6% in the second quarter. Millennium Management LLC now owns 123,800 shares of the company’s stock valued at $3,057,000 after purchasing an additional 85,893 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of GameStop by 21.0% during the third quarter. Handelsbanken Fonder AB now owns 80,000 shares of the company’s stock worth $1,834,000 after buying an additional 13,900 shares during the period. CWM LLC grew its holdings in shares of GameStop by 19.9% during the third quarter. CWM LLC now owns 3,189 shares of the company’s stock worth $73,000 after buying an additional 529 shares in the last quarter. Finally, UMB Bank n.a. raised its position in GameStop by 535.8% in the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after buying an additional 959 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

Insider Buying and Selling

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the completion of the transaction, the general counsel now directly owns 42,350 shares of the company’s stock, valued at $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel William Moore sold 895 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $27,807.65. Following the completion of the transaction, the insider now owns 31,385 shares in the company, valued at approximately $975,131.95. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

GameStop Price Performance

Shares of NYSE GME opened at $24.72 on Friday. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 137.33 and a beta of -0.11. The business has a 50-day moving average of $29.12 and a 200-day moving average of $25.08.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. The firm had revenue of $860.30 million during the quarter, compared to the consensus estimate of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The firm’s quarterly revenue was down 20.2% on a year-over-year basis. On average, sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

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.