GameStop Corp. (NYSE:GME) Holdings Boosted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of GameStop Corp. (NYSE:GME) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,738 shares of the company’s stock after purchasing an additional 4,241 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in GameStop were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its position in shares of GameStop by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 9,381 shares of the company’s stock worth $294,000 after buying an additional 502 shares during the period. Christensen King & Associates Investment Services Inc. grew its stake in shares of GameStop by 1.9% in the fourth quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company’s stock worth $853,000 after purchasing an additional 518 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of GameStop by 2.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company’s stock valued at $575,000 after purchasing an additional 523 shares during the period. Securian Asset Management Inc. raised its stake in shares of GameStop by 1.8% during the fourth quarter. Securian Asset Management Inc. now owns 30,717 shares of the company’s stock valued at $963,000 after purchasing an additional 557 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in GameStop by 11.1% in the fourth quarter. Fifth Third Bancorp now owns 5,648 shares of the company’s stock worth $177,000 after purchasing an additional 566 shares during the period. 29.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of the firm’s stock in a transaction that occurred 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 sale, the general counsel now directly owns 42,350 shares in the company, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel William Moore sold 895 shares of GameStop stock in a transaction that occurred on Friday, January 3rd. The stock was 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 trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush restated an “underperform” rating and set a $10.00 price target on shares of GameStop in a research report on Monday.

GameStop Stock Performance

Shares of NYSE GME opened at $25.55 on Tuesday. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83. The firm has a market cap of $11.41 billion, a P/E ratio of 141.92 and a beta of -0.29. The stock has a fifty day moving average price of $25.63 and a two-hundred day moving average price of $25.66.

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.