SG Americas Securities LLC Reduces Holdings in GameStop Corp. (GME)

SG Americas Securities LLC reduced its position in GameStop Corp. (NYSE:GME) by 63.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,149 shares of the company’s stock after selling 19,755 shares during the quarter. SG Americas Securities LLC’s holdings in GameStop were worth $230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of GameStop by 38.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock valued at $183,720,000 after buying an additional 2,353,774 shares during the period. Numeric Investors LLC purchased a new stake in GameStop during the second quarter worth approximately $34,679,000. Balyasny Asset Management LLC lifted its stake in GameStop by 1,459.9% during the second quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock worth $15,663,000 after purchasing an additional 678,335 shares during the last quarter. Towle & Co. lifted its stake in GameStop by 26.2% during the third quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock worth $30,811,000 after purchasing an additional 309,790 shares during the last quarter. Finally, Green Square Capital LLC purchased a new stake in GameStop during the second quarter worth approximately $5,945,000.

Several research firms recently weighed in on GME. Oppenheimer restated a “hold” rating on shares of GameStop in a research note on Friday, August 25th. Robert W. Baird restated an “outperform” rating and set a $24.00 target price on shares of GameStop in a research note on Tuesday, August 29th. Zacks Investment Research cut GameStop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine cut GameStop from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, SunTrust Banks restated a “buy” rating and set a $25.00 target price on shares of GameStop in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. GameStop presently has a consensus rating of “Hold” and an average target price of $23.47.

Shares of GameStop Corp. (NYSE:GME) opened at $18.45 on Friday. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.35. GameStop Corp. has a 52 week low of $15.85 and a 52 week high of $26.68. The firm has a market capitalization of $1,848.81, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 0.37 and a beta of 1.26.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.11. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. equities research analysts expect that GameStop Corp. will post 3.32 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend was Thursday, November 30th. GameStop’s payout ratio is currently 44.31%.

In other news, Director Stephanie M. Shern sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the transaction, the director now owns 13,474 shares of the company’s stock, valued at $241,319.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

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GameStop 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.

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Institutional Ownership by Quarter for GameStop (NYSE:GME)

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