Gamestop Corp (NYSE:GME) Q3 2017 Institutional Investor Sentiment Steady

January 14, 2018 - By Vivian Park

 Gamestop Corp (NYSE:GME)  Q3 2017 Institutional Investor Sentiment Steady

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 has worsened, as 128 funds started new or increased holdings, while 120 sold and trimmed stock positions in Gamestop Corp. The funds in our partner’s database now possess: 100.21 million shares, down from 101.54 million shares in 2017Q2. Also, the number of funds holding Gamestop Corp in their top 10 holdings 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 15.45 million 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 earnings per share, down 15.55 % or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.60 million for 2.21 P/E if the $2.01 EPS becomes a reality. After $0.54 actual earnings per share 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. The stock of GameStop Corp. (NYSE:GME) has “Hold” rating given on Friday, August 28 by Benchmark. The firm earned “Buy” rating on Wednesday, January 10 by Robert W. Baird. SunTrust maintained GameStop Corp. (NYSE:GME) rating on Thursday, December 10. SunTrust has “Buy” rating and $45 target. The firm has “Neutral” rating given on Monday, January 4 by Sterne Agee CRT. Standpoint Research upgraded the shares of GME in report on Thursday, December 29 to “Buy” rating. The stock has “Outperform” rating by Macquarie Research on Friday, July 1. The company was upgraded on Thursday, May 11 by Telsey Advisory Group. As per Friday, January 13, the company rating was downgraded by Macquarie Research. The stock of GameStop Corp. (NYSE:GME) has “Outperform” rating given on Wednesday, January 13 by Wedbush. Bank of America downgraded the stock to “Neutral” rating in Friday, March 24 report.

More notable recent GameStop Corp. (NYSE:GME) news were published by: Seekingalpha.com which released: “GameStop: Potential Upside In 2018” on December 25, 2017, also Seekingalpha.com with their article: “Tempted To Add GameStop” published on December 22, 2017, Seekingalpha.com published: “GameStop Is Worth $26 Per Share (Video)” on December 29, 2017. More interesting news about GameStop Corp. (NYSE:GME) were released by: Seekingalpha.com and their article: “Has The GameStop Bear Finally Won By Killing Technology Brands?” published on January 13, 2018 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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