Gamestop Corp (NYSE:GME) Institutional Investors Q3 2017 Sentiment

January 14, 2018 - By Adrian Mccoy

 Gamestop Corp (NYSE:GME) Institutional Investors  Q3 2017 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 is negative, as 128 funds increased and opened new positions, while 120 sold and decreased their positions in Gamestop Corp. The funds in our partner’s database now hold: 100.21 million shares, down from 101.54 million shares in 2017Q2. Also, the number of 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 earnings per share, 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 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. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, August 26 report. Telsey Advisory Group downgraded GameStop Corp. (NYSE:GME) on Monday, March 13 to “Market Perform” rating. Robert W. Baird maintained GameStop Corp. (NYSE:GME) rating on Friday, August 26. Robert W. Baird has “Outperform” rating and $40 target. The stock of GameStop Corp. (NYSE:GME) has “Buy” rating given on Monday, July 11 by Bank of America. The firm has “Buy” rating given on Friday, August 14 by SunTrust. The rating was downgraded by Bank of America on Tuesday, November 24 to “Neutral”. Benchmark maintained GameStop Corp. (NYSE:GME) rating on Monday, February 22. Benchmark has “Sell” rating and $27.36 target. Standpoint Research upgraded the shares of GME in report on Thursday, December 29 to “Buy” rating. Macquarie Research initiated the shares of GME in report on Friday, July 1 with “Outperform” rating. Telsey Advisory Group upgraded the shares of GME in report on Thursday, May 11 to “Outperform” rating.

More notable recent GameStop Corp. (NYSE:GME) news were published by: Seekingalpha.com which released: “Tempted To Add GameStop” on December 22, 2017, also Seekingalpha.com with their article: “GameStop falls sharply after update” published on January 12, 2018, Marketwatch.com published: “GameStop’s stock drops after revealing large charge related iPhone X-related woes” on January 12, 2018. More interesting news about GameStop Corp. (NYSE:GME) were released by: Seekingalpha.com and their article: “GameStop: Potential Upside In 2018” published on December 25, 2017 as well as Bloomberg.com‘s news article titled: “GameStop Is On a Roll as Traders Wait for Holiday Sales Figures” with publication date: January 11, 2018.

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