Victory Capital Management Inc. Purchases 3,770 Shares of GameStop Corp. (NYSE:GME)

Victory Capital Management Inc. lifted its position in GameStop Corp. (NYSE:GME) by 5.2% during the 4th quarter, Holdings Channel reports. The firm owned 76,752 shares of the company’s stock after buying an additional 3,770 shares during the quarter. Victory Capital Management Inc.’s holdings in GameStop were worth $2,405,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GME. Charles Schwab Investment Management Inc. grew its holdings in GameStop by 22.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock worth $80,322,000 after acquiring an additional 646,488 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in GameStop during the 4th quarter worth about $878,000. Swiss National Bank grew its holdings in GameStop by 46.0% during the 3rd quarter. Swiss National Bank now owns 790,528 shares of the company’s stock worth $18,127,000 after acquiring an additional 249,100 shares during the last quarter. Algert Global LLC grew its holdings in GameStop by 270.5% during the 3rd quarter. Algert Global LLC now owns 150,526 shares of the company’s stock worth $3,452,000 after acquiring an additional 109,900 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in GameStop by 41.7% during the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company’s stock worth $10,804,000 after acquiring an additional 138,597 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reissued an “underperform” rating and set a $10.00 price objective on shares of GameStop in a report on Friday, December 6th.

GameStop Trading Up 5.1 %

Shares of NYSE GME opened at $23.08 on Monday. The firm has a market capitalization of $10.31 billion, a PE ratio of 128.20 and a beta of -0.29. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83. The firm’s 50-day moving average is $26.65 and its 200-day moving average is $25.60.

Insider Activity

In related news, insider Daniel William Moore sold 895 shares of the 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 sale, the insider now directly owns 31,385 shares in the company, valued at $975,131.95. This trade represents a 2.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were 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 $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

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.