Ownership Don’t Lie: Gamestop Corp (NYSE:GME) Institutional Investor Positioning

November 29, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Don't Lie: Gamestop Corp (NYSE:GME) Institutional Investor Positioning

Sentiment for Gamestop Corp (NYSE:GME)

Gamestop Corp (NYSE:GME) institutional sentiment increased to 0.86 in 2016 Q2. Its up 0.22, from 0.64 in 2016Q1. The ratio is better, as 146 institutional investors opened new or increased positions, while 228 cut down and sold stakes in Gamestop Corp. The institutional investors in our partner’s database now possess: 107.16 million shares, down from 126.78 million shares in 2016Q1. Also, the number of institutional investors 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 during the last trading session, hitting $25.15. GameStop Corp. (NYSE:GME) has declined 24.52% since April 26, 2016 and is downtrending. It has underperformed by 29.78% 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. The company was downgraded on Thursday, August 6 by Zacks. SunTrust maintained GameStop Corp. (NYSE:GME) on Thursday, December 10 with “Buy” rating. The stock of GameStop Corp. (NYSE:GME) has “Sector Weight” rating given on Friday, November 13 by Pacific Crest. The company was maintained on Monday, February 22 by Benchmark. The stock of GameStop Corp. (NYSE:GME) earned “Neutral” rating by Bank of America on Tuesday, November 24. Pacific Crest maintained the shares of GME in a report on Monday, August 31 with “Overweight” rating. The firm has “Overweight” rating by Pacific Crest given on Saturday, August 29. The stock of GameStop Corp. (NYSE:GME) has “Overweight” rating given on Friday, August 28 by Piper Jaffray. PiperJaffray downgraded the shares of GME in a report on Wednesday, November 2 to “Neutral” rating. The firm earned “Neutral” rating on Monday, January 4 by Sterne Agee CRT.

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. Stock Plunged Today” on November 02, 2016. More interesting news about GameStop Corp. (NYSE:GME) were released by: Zacks.com and their article: “GameStop Corp (GME) in Focus: Stock Adds 8% in Session” published on November 25, 2016 as well as Reuters.com‘s news article titled: “GameStop’s holiday same-store sales forecast disappoints” with publication date: November 22, 2016.

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By Winifred Garcia

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