SkyBridge Capital II LLC grew its holdings in shares of Gamestop Corporation (NYSE:GME) by 21.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 621,545 shares of the company’s stock after acquiring an additional 108,630 shares during the quarter. Gamestop Corporation accounts for approximately 3.2% of SkyBridge Capital II LLC’s holdings, making the stock its 19th biggest holding. SkyBridge Capital II LLC owned approximately 0.61% of Gamestop Corporation worth $13,432,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of GME. BlackRock Inc. raised its stake in shares of Gamestop Corporation by 11,239.8% during the first quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock worth $186,314,000 after acquiring an additional 8,189,420 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Gamestop Corporation by 33.8% during the first quarter. Dimensional Fund Advisors LP now owns 6,147,841 shares of the company’s stock worth $138,633,000 after acquiring an additional 1,552,076 shares in the last quarter. Morgan Stanley raised its stake in shares of Gamestop Corporation by 51.6% during the first quarter. Morgan Stanley now owns 1,234,663 shares of the company’s stock worth $27,841,000 after acquiring an additional 420,120 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Gamestop Corporation during the first quarter worth approximately $7,893,000. Finally, Spark Investment Management LLC purchased a new position in shares of Gamestop Corporation during the first quarter worth approximately $7,087,000.
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GME has been the topic of several research reports. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Gamestop Corporation in a research note on Thursday, May 25th. Mizuho reissued a “buy” rating and set a $27.00 price target on shares of Gamestop Corporation in a research note on Saturday, May 27th. Loop Capital reissued a “buy” rating and set a $28.00 price target on shares of Gamestop Corporation in a research note on Sunday, May 28th. Robert W. Baird reissued an “outperform” rating and set a $24.00 price target on shares of Gamestop Corporation in a research note on Sunday, May 28th. Finally, Zacks Investment Research raised shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Gamestop Corporation has an average rating of “Hold” and a consensus target price of $25.53.
Shares of Gamestop Corporation (GME) traded up 0.45% on Friday, reaching $19.98. 311,385 shares of the company’s stock were exchanged. Gamestop Corporation has a one year low of $18.47 and a one year high of $28.58. The company’s 50 day moving average is $20.49 and its 200-day moving average is $22.00. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 6.01 and a beta of 1.19.
Gamestop Corporation (NYSE:GME) last released its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts anticipate that Gamestop Corporation will post $3.30 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, September 8th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 7.56%. Gamestop Corporation’s dividend payout ratio is currently 45.65%.
About Gamestop Corporation
GameStop Corp. is an omnichannel video game retailer. The Company 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 operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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