Great West Life Assurance Co. Can Acquires 3,054 Shares of GameStop Corp. (GME)
Great West Life Assurance Co. Can raised its position in shares of GameStop Corp. (NYSE:GME) by 5.1% during the third quarter, Holdings Channel reports. The fund owned 63,272 shares of the company’s stock after buying an additional 3,054 shares during the period. Great West Life Assurance Co. Can’s holdings in GameStop Corp. were worth $1,745,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Premier Asset Managment LLC acquired a new stake in shares of GameStop Corp. during the second quarter worth approximately $1,197,000. Fox Run Management L.L.C. acquired a new stake in shares of GameStop Corp. during the second quarter worth approximately $872,000. Coastline Trust Co boosted its stake in shares of GameStop Corp. by 19.7% in the second quarter. Coastline Trust Co now owns 25,620 shares of the company’s stock worth $681,000 after buying an additional 4,210 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of GameStop Corp. during the second quarter worth approximately $150,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of GameStop Corp. by 265.2% in the second quarter. Nisa Investment Advisors LLC now owns 66,100 shares of the company’s stock worth $1,757,000 after buying an additional 48,000 shares during the last quarter.
GameStop Corp. (NYSE:GME) traded down 1.17% during mid-day trading on Tuesday, hitting $24.49. 2,321,086 shares of the stock were exchanged. The company has a market cap of $2.54 billion, a P/E ratio of 6.51 and a beta of 1.16. The company has a 50-day moving average price of $23.86 and a 200-day moving average price of $27.33. GameStop Corp. has a one year low of $20.10 and a one year high of $35.17.
GameStop Corp. (NYSE:GME) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business earned $1.96 billion during the quarter. GameStop Corp. had a return on equity of 18.72% and a net margin of 4.32%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. On average, analysts predict that GameStop Corp. will post $3.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Thursday, December 1st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 6.04%. GameStop Corp.’s payout ratio is 39.47%.
GME has been the topic of several analyst reports. Robert W. Baird decreased their price target on shares of GameStop Corp. from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Piper Jaffray Cos. reaffirmed an “outperform” rating and set a $41.00 price target on shares of GameStop Corp. in a research note on Friday, August 26th. TheStreet raised shares of GameStop Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. Pacific Crest reaffirmed a “hold” rating on shares of GameStop Corp. in a research note on Monday, August 22nd. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $30.00 price target on shares of GameStop Corp. in a research note on Monday, August 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $30.86.
In other news, EVP Michael Mauler purchased 10,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was acquired at an average price of $26.91 per share, with a total value of $269,100.00. Following the purchase, the executive vice president now owns 120,922 shares in the company, valued at approximately $3,254,011.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.
About GameStop Corp.
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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