Neuburgh Advisers LLC grew its stake in GameStop Corp. (NYSE:GME) by 93.2% in the second quarter, Holdings Channel reports. The fund owned 32,062 shares of the company’s stock after acquiring an additional 15,470 shares during the period. Neuburgh Advisers LLC’s holdings in GameStop were worth $467,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in GME. Eads & Heald Wealth Management bought a new stake in GameStop during the 2nd quarter worth approximately $147,000. XR Securities LLC bought a new stake in GameStop during the 2nd quarter worth approximately $150,000. Laurel Wealth Advisors Inc. bought a new stake in GameStop during the 1st quarter worth approximately $131,000. Bristol Advisors LLC bought a new stake in GameStop during the 2nd quarter worth approximately $163,000. Finally, Verition Fund Management LLC bought a new stake in GameStop during the 1st quarter worth approximately $143,000.
NYSE:GME opened at $14.05 on Wednesday. GameStop Corp. has a twelve month low of $12.20 and a twelve month high of $20.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.52 and a quick ratio of 0.45. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 4.21 and a beta of 1.31.
A number of analysts recently issued reports on GME shares. Credit Suisse Group set a $15.00 target price on GameStop and gave the stock a “hold” rating in a research note on Tuesday, May 22nd. Wedbush reissued a “buy” rating and set a $19.00 target price on shares of GameStop in a research note on Tuesday, May 29th. Telsey Advisory Group lowered their target price on GameStop from $15.00 to $14.00 and set a “market perform” rating for the company in a research note on Friday, June 1st. Robert W. Baird lowered their target price on GameStop from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, June 1st. Finally, Benchmark lowered their target price on GameStop from $12.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, June 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. GameStop has an average rating of “Hold” and an average price target of $16.23.
GameStop Company Profile
GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.
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