Intech Investment Management LLC Makes New $1.06 Million Investment in GameStop Corp. (NYSE:GME)

Intech Investment Management LLC purchased a new stake in GameStop Corp. (NYSE:GME) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,867 shares of the company’s stock, valued at approximately $1,061,000.

Other large investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of GameStop in the fourth quarter valued at approximately $37,000. R Squared Ltd acquired a new stake in shares of GameStop in the fourth quarter valued at approximately $51,000. UMB Bank n.a. increased its stake in shares of GameStop by 59.9% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock valued at $57,000 after purchasing an additional 682 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of GameStop in the fourth quarter valued at approximately $99,000. Finally, GAMMA Investing LLC increased its stake in shares of GameStop by 65.8% in the fourth quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock valued at $112,000 after purchasing an additional 1,414 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated an “underperform” rating and issued a $10.00 price target on shares of GameStop in a research note on Friday, December 6th.

Insider Activity at GameStop

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

GameStop Price Performance

NYSE GME opened at $24.81 on Friday. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83. The firm has a market capitalization of $11.08 billion, a PE ratio of 137.81 and a beta of -0.29. The company’s 50 day simple moving average is $25.75 and its 200 day simple moving average is $25.61.

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.