State of New Jersey Common Pension Fund D Has $3.51 Million Holdings in GameStop Corp. (NYSE:GME)

State of New Jersey Common Pension Fund D increased its position in shares of GameStop Corp. (NYSE:GME) by 47.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,991 shares of the company’s stock after acquiring an additional 49,460 shares during the period. State of New Jersey Common Pension Fund D’s holdings in GameStop were worth $3,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AlphaMark Advisors LLC grew its holdings in shares of GameStop by 41.7% during the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after purchasing an additional 396 shares during the last quarter. GAMMA Investing LLC grew its holdings in GameStop by 32.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock worth $51,000 after acquiring an additional 511 shares during the last quarter. CWM LLC increased its position in GameStop by 19.9% in the 3rd quarter. CWM LLC now owns 3,189 shares of the company’s stock valued at $73,000 after acquiring an additional 529 shares during the period. UMB Bank n.a. raised its stake in shares of GameStop by 535.8% during the third quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after acquiring an additional 959 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of GameStop by 6.5% during the third quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company’s stock worth $408,000 after purchasing an additional 1,085 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

Analyst Ratings Changes

GME has been the subject of a number of recent research reports. StockNews.com upgraded GameStop to a “sell” rating in a report on Saturday, October 19th. Wedbush lowered their price objective on GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a research report on Wednesday, September 11th.

Insiders Place Their Bets

In other news, General Counsel Mark Haymond Robinson sold 4,667 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32. Following the transaction, the general counsel now owns 54,927 shares of the company’s stock, valued at $1,206,196.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, General Counsel Mark Haymond Robinson sold 4,667 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $102,487.32. Following the transaction, the general counsel now directly owns 54,927 shares in the company, valued at $1,206,196.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel William Moore sold 1,972 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $43,305.12. Following the sale, the insider now owns 37,280 shares of the company’s stock, valued at $818,668.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,639 shares of company stock worth $481,000. 12.28% of the stock is currently owned by company insiders.

GameStop Trading Down 1.6 %

Shares of GME opened at $26.82 on Wednesday. The firm’s fifty day simple moving average is $21.89 and its two-hundred day simple moving average is $22.93. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83. The stock has a market capitalization of $11.44 billion, a P/E ratio of 201.63 and a beta of -0.13.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The business had revenue of $798.30 million during the quarter, compared to the consensus estimate of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The firm’s revenue for the quarter was down 31.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) earnings per share. As a group, research analysts predict that GameStop Corp. will post 0.01 EPS for the current fiscal year.

GameStop Company Profile

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.