Gamestop Corp (NYSE:GME) Institutional Investor Sentiment

January 14, 2018 - By Peter Erickson

 Gamestop Corp (NYSE:GME) Institutional Investor Sentiment

Sentiment for Gamestop Corp (NYSE:GME)

Gamestop Corp (NYSE:GME) institutional sentiment decreased to 1.07 in Q3 2017. Its down -0.11, from 1.18 in 2017Q2. The ratio worsened, as 128 hedge funds started new and increased positions, while 120 sold and trimmed stakes in Gamestop Corp. The hedge funds in our partner’s database now possess: 100.21 million shares, down from 101.54 million shares in 2017Q2. Also, the number of hedge funds holding Gamestop Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 37 Reduced: 83 Increased: 93 New Position: 35.

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $1.80 billion. It sells new and pre-owned video game hardware; video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, including downloadable content, network points cards, prepaid digital and subscription cards, and digitally downloadable software. It has a 5.18 P/E ratio. The firm also sells mobile and consumer electronics, including wireless services and products, and accessories, as well as new and pre-owned smart phones; personal computer entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; and strategy guides, magazines, and interactive game figures.

The stock decreased 11.02% or $2.2 during the last trading session, reaching $17.76. About 15.45M shares traded or 315.14% up from the average. GameStop Corp. (NYSE:GME) has declined 15.17% since January 14, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 22. They expect $2.01 EPS, down 15.55 % or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.60M for 2.21 P/E if the $2.01 EPS becomes a reality. After $0.54 actual EPS reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 272.22 % EPS growth.

Permit Capital Llc holds 7.06% of its portfolio in GameStop Corp. for 578,000 shares. Towle & Co owns 1.49 million shares or 3.28% of their US portfolio. Moreover, Stuyvesant Capital Management has 2.48% invested in the company for 58,950 shares. The Ontario – Canada-based Sprott Inc. has invested 2.36% in the stock. S&T Bank Pa, a Pennsylvania-based fund reported 550,720 shares.#img1#

GameStop Corp. (NYSE:GME) Ratings Coverage

Ratings analysis reveals 55% of GameStop Corp.’s analysts are positive. Out of 20 Wall Street analysts rating GameStop Corp., 11 give it “Buy”, 1 “Sell” rating, while 8 recommend “Hold”. The lowest target is $15 while the high is $60. The stock’s average target of $30.78 is 73.31% above today’s ($17.76) share price. GME was included in 74 notes of analysts from August 6, 2015. Pacific Crest maintained GameStop Corp. (NYSE:GME) on Monday, August 31 with “Overweight” rating. The stock of GameStop Corp. (NYSE:GME) earned “Buy” rating by SunTrust on Monday, October 16. As per Wednesday, December 7, the company rating was initiated by Loop Capital. The firm earned “Neutral” rating on Tuesday, November 24 by Bank of America. The firm earned “Sector Weight” rating on Friday, November 13 by Pacific Crest. The company was downgraded on Friday, August 28 by Benchmark. Macquarie Research downgraded the stock to “Neutral” rating in Friday, January 13 report. On Friday, August 28 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. On Monday, March 28 the stock rating was maintained by Benchmark with “Sell”. As per Friday, March 24, the company rating was maintained by Benchmark.

More notable recent GameStop Corp. (NYSE:GME) news were published by: Seekingalpha.com which released: “Has The GameStop Bear Finally Won By Killing Technology Brands?” on January 13, 2018, also Bloomberg.com with their article: “GameStop Is On a Roll as Traders Wait for Holiday Sales Figures” published on January 11, 2018, Seekingalpha.com published: “GameStop falls sharply after update” on January 12, 2018. More interesting news about GameStop Corp. (NYSE:GME) were released by: Seekingalpha.com and their article: “GameStop Is Worth $26 Per Share (Video)” published on December 29, 2017 as well as Marketwatch.com‘s news article titled: “GameStop’s stock drops after revealing large charge related iPhone X-related woes” with publication date: January 12, 2018.

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