Trexquant Investment LP Has $1.21 Million Position in Gamestop Corporation (NYSE:GME)

Trexquant Investment LP decreased its position in Gamestop Corporation (NYSE:GME) by 58.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,782 shares of the company’s stock after selling 77,204 shares during the period. Trexquant Investment LP owned approximately 0.06% of Gamestop Corporation worth $1,205,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Cubic Asset Management LLC purchased a new position in Gamestop Corporation during the first quarter valued at $887,000. Glen Harbor Capital Management LLC increased its position in Gamestop Corporation by 769.9% in the first quarter. Glen Harbor Capital Management LLC now owns 94,640 shares of the company’s stock valued at $2,134,000 after buying an additional 83,760 shares during the last quarter. Meritage Portfolio Management purchased a new position in Gamestop Corporation during the first quarter valued at $2,115,000. Buckhead Capital Management LLC increased its position in Gamestop Corporation by 102.1% in the first quarter. Buckhead Capital Management LLC now owns 272,857 shares of the company’s stock valued at $6,153,000 after buying an additional 137,864 shares during the last quarter. Finally, James Investment Research Inc. increased its position in Gamestop Corporation by 21.0% in the first quarter. James Investment Research Inc. now owns 4,630 shares of the company’s stock valued at $104,000 after buying an additional 805 shares during the last quarter.

Shares of Gamestop Corporation (NYSE:GME) traded up 0.57% during mid-day trading on Friday, hitting $21.22. The stock had a trading volume of 2,123,458 shares. The company has a market cap of $2.15 billion, a PE ratio of 6.32 and a beta of 1.20. The firm’s 50 day moving average price is $21.36 and its 200-day moving average price is $22.87. Gamestop Corporation has a one year low of $20.10 and a one year high of $32.67.

Gamestop Corporation (NYSE:GME) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.96 billion. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, equities research analysts anticipate that Gamestop Corporation will post $3.32 earnings per share for the current fiscal year.

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A number of equities research analysts have commented on GME shares. Telsey Advisory Group upgraded Gamestop Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 10th. Vetr cut Gamestop Corporation from a “sell” rating to a “strong sell” rating and set a $20.04 target price on the stock. in a report on Monday, May 15th. Loop Capital reiterated a “buy” rating and set a $28.00 target price on shares of Gamestop Corporation in a report on Sunday, May 28th. Robert W. Baird restated an “outperform” rating and set a $24.00 price objective on shares of Gamestop Corporation in a report on Sunday, May 28th. Finally, Mizuho restated a “buy” rating and set a $27.00 price objective on shares of Gamestop Corporation in a report on Saturday, May 27th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.84.

Gamestop Corporation Company Profile

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. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

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