Stock Buzzer: Gamestop Corp (NYSE:GME) Institutional Investor Sentiment Is 0.86

November 28, 2016 - By Peter Erickson   ·   0 Comments

Stock Buzzer: Gamestop Corp (NYSE:GME) Institutional Investor Sentiment Is 0.86

Sentiment for Gamestop Corp (NYSE:GME)

Gamestop Corp (NYSE:GME) institutional sentiment increased to 0.86 in Q2 2016. Its up 0.22, from 0.64 in 2016Q1. The ratio has improved, as 146 active investment managers started new and increased positions, while 228 cut down and sold their holdings in Gamestop Corp. The active investment managers in our partner’s database now hold: 107.16 million shares, down from 126.78 million shares in 2016Q1. Also, the number of active investment managers holding Gamestop Corp in their top 10 positions decreased from 4 to 2 for a decrease of 2. Sold All: 108 Reduced: 120 Increased: 107 New Position: 39.

GameStop Corp. is an omnichannel video game retailer. The company has a market cap of $2.59 billion. The Firm 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 has a 6.72 P/E ratio. The Firm operates its business in four Video Game Brands divisions: United States, Canada, Australia and Europe, and Technology Brands segment.

The stock decreased 2.59% or $0.67 on November 28, hitting $25.15. About 2.26 million shares traded hands. GameStop Corp. (NYSE:GME) has declined 21.28% since April 25, 2016 and is downtrending. It has underperformed by 27.29% the S&P500.

According to Zacks Investment Research, “GameStop Corp. is the world’s largest video game and entertainment software retailer. The company operates 4,816 retail stores across the United States and in fifteen countries worldwide. The company also operates two e-commerce sites, GameStop.com and EBgames.com, and publishes Game Informer® magazine, a leading multi-platform video game publication. GameStop Corp. sells new and used video game software, hardware and accessories for next generation video game systems from Sony, Nintendo, and Microsoft. In addition, the company sells PC entertainment software, related accessories and other merchandise.”

Permit Capital Llc holds 3.91% of its portfolio in GameStop Corp. for 206,700 shares. Mount Lucas Management Lp owns 707,817 shares or 3.2% of their US portfolio. Moreover, S&T Bank Pa has 2.57% invested in the company for 590,365 shares. The New York-based Euclidean Technologies Management Llc has invested 2.02% in the stock. Groesbeck Investment Management Corp Nj, a New Jersey-based fund reported 92,850 shares.#img1#

GameStop Corp. (NYSE:GME) Ratings Coverage

Ratings analysis reveals 56% of GameStop Corp.’s analysts are positive. Out of 16 Wall Street analysts rating GameStop Corp., 9 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $20.67 while the high is $60. The stock’s average target of $38.05 is 51.29% above today’s ($25.15) share price. GME was included in 45 notes of analysts from August 6, 2015. Benchmark maintained it with “Sell” rating and $20.67 target price in Wednesday, November 2 report. The firm has “Sector Weight” rating given on Friday, November 13 by Pacific Crest. Benchmark maintained the stock with “Sell” rating in Tuesday, November 24 report. Piper Jaffray maintained the shares of GME in a report on Friday, August 28 with “Overweight” rating. The stock of GameStop Corp. (NYSE:GME) has “Sell” rating given on Monday, March 28 by Benchmark. The stock has “Market Perform” rating given by Telsey Advisory Group on Friday, August 28. The stock has “Neutral” rating given by PiperJaffray on Wednesday, November 2. The rating was maintained by SunTrust with “Buy” on Thursday, December 10. The firm earned “Outperform” rating on Wednesday, January 13 by Wedbush. The firm earned “Hold” rating on Monday, August 17 by Zacks.

GME Company Profile

GameStop Corp., incorporated on April 13, 2005, is an omnichannel video game retailer. The Firm 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 Firm operates its business in four Video Game Brands divisions: United States, Canada, Australia and Europe, and Technology Brands segment. Each of the Video Game Brands divisions consists primarily of retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories, which it refers to as video game products, new and pre-owned mobile devices and related accessories. The Company’s Video Game Brands stores sell various types of digital products, including downloadable content, network points cards, prepaid digital, prepaid subscription cards and digitally downloadable software, and also sell certain mobile and consumer electronics products and collectible products. The Company’s Technology Brands segment includes its Spring Mobile and Simply Mac businesses.

More notable recent GameStop Corp. (NYSE:GME) news were published by: Fool.com which released: “GameStop Corp. Sales Trends Improve Ahead of Critical Holiday Season” on November 23, 2016, also Fool.com with their article: “3 Gaming Stocks That Are Better Bets Than Gamestop Corp.” published on November 18, 2016, Fool.com published: “Why GameStop Corp. Fell 13% in October” on November 11, 2016. More interesting news about GameStop Corp. (NYSE:GME) were released by: Fool.com and their article: “Why GameStop Corp. Stock Plunged Today” published on November 02, 2016 as well as Zacks.com‘s news article titled: “GameStop Corp (GME) in Focus: Stock Adds 8% in Session” with publication date: November 25, 2016.

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By Peter Erickson


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