Gamestop Corp (GME) Market Value Declined While Towle & Co Has Lifted Position by $5.95 Million

April 23, 2018 - By Henry Gaston

GameStop Corp. (NYSE:GME) LogoInvestors sentiment increased to 1.46 in Q4 2017. Its up 0.39, from 1.07 in 2017Q3. It improved, 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. S&T Bank & Trust Pa holds 1.56% or 512,417 shares. American National Tx owns 0.07% invested in GameStop Corp. (NYSE:GME) for 77,050 shares. Blair William And Il, a Illinois-based fund reported 17,453 shares. Savings Bank Of Montreal Can reported 4,464 shares. Schroder Mngmt Gru reported 2.48 million shares stake. Greenleaf stated it has 0.01% of its portfolio in GameStop Corp. (NYSE:GME). Jpmorgan Chase & reported 170,741 shares. Aperio Group Ltd Liability reported 0.09% in GameStop Corp. (NYSE:GME). Kepos Capital LP reported 103,698 shares or 0.17% of all its holdings. Balasa Dinverno & Foltz Limited Liability Company holds 0.12% or 43,818 shares in its portfolio. Gam Ag has 11,778 shares for 0.01% of their portfolio. Hsbc Public Limited Liability Corp invested 0% of its portfolio in GameStop Corp. (NYSE:GME). Price T Rowe Inc Md invested 0% of its portfolio in GameStop Corp. (NYSE:GME). Sei holds 0% or 12,591 shares. Atria Invs Limited Liability Com, a North Carolina-based fund reported 12,147 shares.

Towle & Co increased its stake in Gamestop Corp (GME) by 23.47% based on its latest 2017Q4 regulatory filing with the SEC. Towle & Co bought 350,050 shares as the company’s stock declined 24.11% with the market. The institutional investor held 1.84 million shares of the electronics distribution company at the end of 2017Q4, valued at $33.05 million, up from 1.49 million at the end of the previous reported quarter. Towle & Co who had been investing in Gamestop Corp for a number of months, seems to be bullish on the $1.33 billion market cap company. The stock increased 1.32% or $0.17 during the last trading session, reaching $13.05. About 348,068 shares traded. GameStop Corp. (NYSE:GME) has declined 33.43% since April 23, 2017 and is downtrending. It has underperformed by 44.98% the S&P500.

GameStop Corp. (NYSE:GME) Ratings Coverage

Among 6 analysts covering GameStop (NYSE:GME), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. GameStop has $25.0 highest and $1200 lowest target. $22.50’s average target is 72.41% above currents $13.05 stock price. GameStop had 8 analyst reports since November 16, 2017 according to SRatingsIntel. The stock of GameStop Corp. (NYSE:GME) has “Hold” rating given on Wednesday, November 22 by Credit Suisse. Robert W. Baird maintained GameStop Corp. (NYSE:GME) on Wednesday, January 10 with “Buy” rating. The rating was maintained by Benchmark on Wednesday, November 22 with “Sell”. The stock has “Sell” rating by Benchmark on Thursday, March 29. The rating was downgraded by Bank of America to “Underperform” on Thursday, March 29. Loop Capital downgraded the stock to “Hold” rating in Tuesday, April 3 report.

GameStop Corp. (NYSE:GME) Institutional Positions Chart

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