Yousif Capital Management LLC Has $4.48 Million Holdings in GameStop Corp. (NYSE:GME)

Yousif Capital Management LLC lifted its position in GameStop Corp. (NYSE:GME) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,931 shares of the company’s stock after purchasing an additional 628 shares during the quarter. Yousif Capital Management LLC’s holdings in GameStop were worth $4,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GME. Christensen King & Associates Investment Services Inc. raised its holdings in shares of GameStop by 1.9% in the fourth quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company’s stock valued at $853,000 after buying an additional 518 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of GameStop by 2.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company’s stock worth $575,000 after purchasing an additional 523 shares in the last quarter. CWM LLC grew its stake in shares of GameStop by 19.9% during the third quarter. CWM LLC now owns 3,189 shares of the company’s stock valued at $73,000 after purchasing an additional 529 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of GameStop by 11.1% in the fourth quarter. Fifth Third Bancorp now owns 5,648 shares of the company’s stock valued at $177,000 after purchasing an additional 566 shares in the last quarter. Finally, UMB Bank n.a. raised its position in GameStop by 59.9% in the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock worth $57,000 after purchasing an additional 682 shares during the last quarter. 29.21% of the stock is owned by institutional investors.

Insider Activity

In other GameStop news, insider Daniel William Moore sold 895 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the sale, the insider now owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the completion of the sale, the general counsel now owns 42,350 shares in the company, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GME has been the topic of a number of recent research reports. Wedbush reiterated an “underperform” rating and issued a $10.00 price objective on shares of GameStop in a research report on Friday, December 6th. StockNews.com upgraded GameStop to a “sell” rating in a report on Saturday, October 19th.

GameStop Price Performance

GME opened at $24.72 on Friday. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 137.33 and a beta of -0.11. The firm has a 50 day simple moving average of $29.12 and a 200 day simple moving average of $25.08.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.09. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop’s quarterly revenue was down 20.2% compared to the same quarter last year. As a group, analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

GameStop 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.