Janney Montgomery Scott LLC Increases Holdings in GameStop Corp. (GME)

Janney Montgomery Scott LLC grew its holdings in GameStop Corp. (NYSE:GME) by 20.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,690 shares of the company’s stock after purchasing an additional 5,643 shares during the period. Janney Montgomery Scott LLC’s holdings in GameStop were worth $696,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. purchased a new position in GameStop in the 3rd quarter worth approximately $112,000. BlueMountain Capital Management LLC purchased a new position in GameStop in the 2nd quarter worth approximately $162,000. JBF Capital Inc. grew its stake in GameStop by 119.8% in the 2nd quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock worth $197,000 after buying an additional 4,971 shares in the last quarter. Sei Investments Co. grew its stake in GameStop by 22.4% in the 2nd quarter. Sei Investments Co. now owns 9,431 shares of the company’s stock worth $204,000 after buying an additional 1,725 shares in the last quarter. Finally, Carret Asset Management LLC grew its stake in GameStop by 12.2% in the 2nd quarter. Carret Asset Management LLC now owns 10,140 shares of the company’s stock worth $219,000 after buying an additional 1,100 shares in the last quarter.

Shares of GameStop Corp. (GME) opened at $18.29 on Monday. GameStop Corp. has a 1 year low of $15.85 and a 1 year high of $26.68. The company has a market cap of $1,869.07, a PE ratio of 5.33, a P/E/G ratio of 0.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20.

GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. GameStop had a net margin of 3.98% and a return on equity of 16.50%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. equities analysts predict that GameStop Corp. will post 3.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date was Thursday, November 30th. GameStop’s payout ratio is presently 44.31%.

A number of research firms have commented on GME. Robert W. Baird reissued an “outperform” rating and issued a $24.00 price target on shares of GameStop in a research note on Tuesday, August 29th. Zacks Investment Research cut shares of GameStop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine lowered shares of GameStop from a “buy” rating to a “hold” rating in a report on Friday, September 1st. SunTrust Banks reiterated a “buy” rating and set a $25.00 price target on shares of GameStop in a report on Tuesday, October 17th. Finally, Credit Suisse Group set a $20.00 price target on shares of GameStop and gave the company a “hold” rating in a report on Saturday, November 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. GameStop currently has a consensus rating of “Hold” and an average price target of $23.47.

In other news, Director Stephanie M. Shern sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $17.91, for a total transaction of $71,640.00. Following the sale, the director now owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

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About GameStop

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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