Bridgewater Associates Lp Increased Gamestop Corp New (NYSE:GME) Stake by $20.00 Million

May 23, 2018 - By Darrin Black

GameStop Corp. (NYSE:GME) LogoInvestors sentiment increased to 1.46 in Q4 2017. Its up 0.39, from 1.07 in 2017Q3. It increased, as 37 investors sold GME shares while 70 reduced holdings. 56 funds opened positions while 100 raised stakes. 108.87 million shares or 8.64% more from 100.21 million shares in 2017Q3 were reported. Voloridge Management Limited Liability Corporation owns 15,785 shares or 0.01% of their US portfolio. Schwab Charles Investment Mngmt, a California-based fund reported 617,798 shares. Td Asset Management reported 23,810 shares. Glenmede Tru Company Na reported 0% stake. Macquarie Grp Incorporated Limited has 0% invested in GameStop Corp. (NYSE:GME) for 3,700 shares. Credit Suisse Ag accumulated 0.01% or 398,243 shares. Pub Employees Retirement Association Of Colorado reported 0% in GameStop Corp. (NYSE:GME). Tarbox Family Office invested in 58 shares. State Street has invested 0% in GameStop Corp. (NYSE:GME). Bb&T Secs Ltd Liability Company holds 50,699 shares or 0.01% of its portfolio. Ny State Common Retirement Fund accumulated 278,400 shares. Kepos Capital Lp holds 103,698 shares. Hsbc Pcl has invested 0% in GameStop Corp. (NYSE:GME). Ironwood Invest Mgmt Limited Com holds 0.39% or 30,520 shares. Washington Tru National Bank & Trust holds 245 shares.

Ray Dalio increased its stake in Gamestop Corp New (NYSE:GME) by 112.82% based on its latest 2018Q1 regulatory filing with the SEC. Bridgewater Associates Lp bought 1.67 million shares as the company’s stock declined 24.11% with the market. The hedge fund run by Ray Dalio held 3.14M shares of the electronics distribution company at the end of 2018Q1, valued at $39.68M, up from 1.48 million at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Gamestop Corp New for a number of months, seems to be bullish on the $1.28 billion market cap company. The stock decreased 0.87% or $0.11 during the last trading session, reaching $12.56. About 1.60M shares traded. GameStop Corp. (NYSE:GME) has declined 33.43% since May 23, 2017 and is downtrending. It has underperformed by 44.98% the S&P500.

Bridgewater Associates Lp, which manages about $10.48B US Long portfolio, decreased its stake in Vanguard Intl Equity Index F (VWO) by 17.37M shares to 51.59M shares, valued at $2.42 billion in 2018Q1, according to the filing. It also reduced its holding in Ishares Inc (EWY) by 242,258 shares in the quarter, leaving it with 204,411 shares, and cut its stake in Ishares Tr (TLT).

Bridgewater Associates Lp is a Connecticut-based hedge fund that was founded by Ray Dalio. It had more than $197.00 billion assets under management in November, 2014. This fund invests only a small percentage of its assets in equities and options. Bridgewater Associates Lp is the 19th largest hedge fund in our database. Taken from Bridgewater Associates latest Adv, the fund reported to have 1274 full and part-time employees. Among which 375 performing investment advisory and research functions. The hedge fund had more than 114 clients.

GameStop Corp. (NYSE:GME) Ratings Coverage

Among 5 analysts covering GameStop (NYSE:GME), 1 have Buy rating, 2 Sell and 2 Hold. Therefore 20% are positive. GameStop had 5 analyst reports since January 10, 2018 according to SRatingsIntel. As per Tuesday, May 22, the company rating was maintained by Credit Suisse. The rating was downgraded by Loop Capital on Tuesday, April 3 to “Hold”. The stock of GameStop Corp. (NYSE:GME) has “Sell” rating given on Thursday, March 29 by Benchmark. The firm earned “Underperform” rating on Thursday, March 29 by Bank of America. The rating was maintained by Robert W. Baird on Wednesday, January 10 with “Buy”.

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $1.28 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 36.94 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.

More notable recent GameStop Corp. (NYSE:GME) news were published by: Globenewswire.com which released: “GameStop Announces First Quarter Fiscal 2018 Earnings Release Date” on May 22, 2018, also 247Wallst.com with their article: “Why It Doesn’t Matter Who GameStop’s CEO Is” published on May 12, 2018, Seekingalpha.com published: “GameStop: The End Of An Era” on April 24, 2018. More interesting news about GameStop Corp. (NYSE:GME) were released by: Seekingalpha.com and their article: “GameStop: Great Buy, Great Dividend, Nothing Like Blockbuster” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “GameStop: Buy This Dividend Stock Yielding 11.16%” with publication date: May 18, 2018.

GameStop Corp. (NYSE:GME) Institutional Positions Chart

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