GameStop posts first sales increase in five quarters
- Author: Zachary Reyes May 26, 2017,
May 26, 2017, 1:42
(NYSE:GME). Oppenheimer And Incorporated reported 8,520 shares. (GME) stock showed the move of -5.78% with the closing price of $22.66. Profund Advisors LLC's holdings in GameStop Corp. were worth $391,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
Robeco Institutional Asset Management Bv stated it has 0.04% of its portfolio in GameStop Corp. Oregon Public Employees Retirement Fund invested in 0.02% or 36,436 shares. 48 funds opened positions while 103 raised stakes. GameStop Corp. earned a news sentiment score of 0.37 on Alpha One's scale. The stock witnessed -2.41% declines, -13.71% declines and -3.41% declines for the 1-month, 3-month and 6-month period, respectively. Piedmont Inv Ltd Limited Liability Company owns 6,824 shares.
GameStop's (GME) stock surprisingly just got short-circuited. Going toward to the 50-day, we can see that shares are now trading 12.44% off of that figure. About 5.33M shares traded or 122.08% up from the average. The stock has a 50 day moving average price of $23.28 and a 200-day moving average price of $24.13. The company has a market capitalization of $2.39 billion, a PE ratio of 6.95 and a beta of 1.18. GameStop Corp. has a 52-week low of $20.10 and a 52-week high of $32.67. GameStop Corp. also saw some unusual options trading activity on Tuesday. Stock investors acquired 7,101 call options on the company. This represents an increase of approximately 1,496% compared to the typical daily volume of 445 call options.
GameStop Corp. had a net margin of 4.32% and a return on equity of 18.74%. (NYSE:GME) has "Outperform" rating given on Friday, March 24 by Wedbush.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, GME earned gross profit of 2.78 Billion, in 2015 2.92 Billion gross profit, while in 2016 GameStop Corp. For the last month, company shares are 14.18%. The business's revenue was down 13.6% on a year-over-year basis.
GameStop Corp. (GME) has been given an average price target of $23.91 from analysts, according to data collected by Finviz. Stockholders of record on Wednesday, June 7th will be paid a dividend of $0.38 per share. Ls Advsrs Limited Liability Com holds 0.01% or 7,210 shares in its portfolio. A recommendation of 1 or 2 would represent a consensus Buy. Gsa Cap Prtn Llp has invested 0.09% in GameStop Corp.
Now the P/E of GameStop Corp. stands at 6.62. "(GME)" was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of USA and global trademark and copyright law. More interesting news about GameStop Corp.
Several equities research analysts have recently commented on the company. The share price is trading in a range of $22.63 - 24.37. First Quadrant Ltd Partnership Ca reported 0% in GameStop Corp. Mizuho reissued a "buy" rating and set a $27.00 target price on shares of GameStop Corp.in a research note on Tuesday, April 18th. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
Gamestop Corporation (GME) now has P/E (Price to Earnings) ratio of 7.03 while the company's industry has 14.38 P/E and the sector P/E is 21.65.
"Our first quarter results reflect the power of our leadership position within the video game market and our ongoing diversification efforts", said CEO Paul Raines. 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 operates its business in five divisions, which consists of four Video Game Brands divisions: United States, Canada, Australia and Europe, and Technology Brands segment.