Gamestop Corp (NYSE:GME) Institutional Investors Sentiment Index Up in 2019 Q1

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Sentiment for Gamestop Corp (NYSE:GME)

Gamestop Corp (NYSE:GME) institutional sentiment increased to 1.27 in Q1 2019. Its up 0.25, from 1.02 in 2018Q4. The ratio is more positive, as 121 active investment managers opened new or increased positions, while 95 sold and reduced their positions in Gamestop Corp. The active investment managers in our partner’s database reported: 105.93 million shares, up from 101.05 million shares in 2018Q4. Also, the number of active investment managers holding Gamestop Corp in their top 10 positions decreased from 3 to 1 for a decrease of 2. Sold All: 36 Reduced: 59 Increased: 77 New Position: 44.

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $344.65 million. 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 currently has negative earnings. 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 2.88% or $0.1 during the last trading session, reaching $3.37. About 3.85M shares traded. GameStop Corp. (NYSE:GME) has declined 72.65% since August 14, 2018 and is downtrending. It has underperformed by 72.65% the S&P500.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on September, 5. They expect $-0.22 EPS, down 540.00 % or $0.27 from last year’s $0.05 per share. After $0.07 actual EPS reported by GameStop Corp. for the previous quarter, Wall Street now forecasts -414.29 % negative EPS growth.

Permit Capital Llc holds 4.74% of its portfolio in GameStop Corp. for 1.00 million shares. Tyvor Capital Llc owns 1.36 million shares or 3.25% of their US portfolio. Moreover, Paradice Investment Management Llc has 1.55% invested in the company for 2.00 million shares. The Pennsylvania-based Muhlenkamp & Co Inc has invested 1.12% in the stock. Elm Ridge Management Llc, a New York-based fund reported 129,235 shares.

GameStop Corp. (NYSE:GME) Ratings Coverage

Ratings analysis reveals 0 of GameStop’s analysts are positive. Out of 5 Wall Street analysts rating GameStop, 0 give it “Buy”, 3 “Sell” rating, while 2 recommend “Hold”. The lowest target is $700 while the high is $12. The stock’s average target of $9.40 is 178.93% above today’s ($3.37) share price. GME was included in 10 notes of analysts from March 5, 2019. The company was maintained on Monday, May 20 by Wedbush. The firm has “Outperform” rating given on Wednesday, April 3 by Wedbush. Loop Capital Markets maintained it with “Hold” rating and $12 target in Tuesday, March 5 report. The stock of GameStop Corp. (NYSE:GME) earned “Hold” rating by Jefferies on Friday, March 22. The company was maintained on Monday, May 20 by Credit Suisse. The rating was maintained by Loop Capital Markets on Friday, March 22 with “Hold”. The company was downgraded on Friday, March 8 by Bank of America. Credit Suisse maintained GameStop Corp. (NYSE:GME) on Wednesday, April 3 with “Underperform” rating.

More notable recent GameStop Corp. (NYSE:GME) news were published by: Globenewswire.com which released: “GameStop Announces Intention to Launch a Modified Dutch Auction Tender Offer – GlobeNewswire” on June 10, 2019, also Globenewswire.com with their article: “GameStop Reports 2018 Holiday Sales Results NYSE:GME – GlobeNewswire” published on January 18, 2019, Seekingalpha.com published: “More Pain In 2019 For GameStop – Seeking Alpha” on April 09, 2019. More interesting news about GameStop Corp. (NYSE:GME) were released by: Globenewswire.com and their article: “GameStop Announces First Quarter Fiscal 2019 Earnings Release Date – GlobeNewswire” published on May 22, 2019 as well as Bizjournals.com‘s news article titled: “GameStop and R/GA partner to develop new gaming-store experience – Chicago Business Journal” with publication date: July 15, 2019.

GameStop Corp. (NYSE:GME) Institutional Positions Chart

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