As Gamestop Corp (GME) Shares Declined, Shareholder Towle & Co Increased Its Stake by $5.95 Million

May 3, 2018 - By Bridget Boland

GameStop Corp. (NYSE:GME) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.46. That’s change of 0.39, from 2017Q3’s 1.07. 37 investors sold all, 70 reduced holdings as GME ratio improved. 100 rose stakes while 56 funds took stakes. Funds hold 108.87 million shares thus 8.64% more from 2017Q3’s 100.21 million shares. Ahl Prtnrs Limited Liability Partnership reported 0.07% stake. Tillar has 1.48% invested in GameStop Corp. (NYSE:GME). Bancshares Of Montreal Can holds 4,464 shs. Numeric Investors Ltd has invested 0.23% in GameStop Corp. (NYSE:GME). Natl Bank Of Ny Mellon invested in 0.01% or 2.89M shs. Goldman Sachs Group Incorporated stated it has 2.29M shs. Valley National Advisers Inc has 0% invested in GameStop Corp. (NYSE:GME) for 84 shs. Bridgewater Limited Partnership owns 1.48 million shs for 0.22% of their capital. Livforsakringsbolaget Skandia Omsesidigt owns 47,700 shs. Natl Registered Investment Advisor holds 0.14% or 16,800 shs. Moreover, Cadence Capital Mgmt Limited Company has 0.09% invested in GameStop Corp. (NYSE:GME). Manufacturers Life Ins The reported 168,325 shs. Schroder Invest has 2.48M shs for 0.07% of their capital. Tru Department Mb Savings Bank N A stated it has 257 shs or 0% of all its holdings. Credit Suisse Ag has invested 0.01% in GameStop Corp. (NYSE:GME).

Towle & Co’s holdings in Gamestop Corp (GME) is upped by 23.47% based on its latest 2017Q4 regulatory filing with the SEC. By buying 350,050 shares Towle & Co made the stock sank with 24.11%. At the end of 2017Q4, the institutional investor held 1.84M shares of the electronics distribution company, priced at $33.05M, up from 1.49M at the end of the previous reported quarter. For a total of 953,170 shares it reduced its holding in Pbf Energy Inc (NYSE:PBF) by 199,900 shares in the quarter, and has cut its stake in Cna Financial Corp (NYSE:CNA).

GameStop Corp. (NYSE:GME) Ratings Coverage

A total of 6 analysts rate GameStop (NYSE:GME) as follows: 2 “Buy”, 2 “Hold” and 2 “Sell”. Тherefore 33% are bullish. The firm has $25.0 highest and $1200 lowest target. The avg target $22.50 is 67.29% above the last ($13.45) price. (NYSE:GME) has 8 ratings reports on 3 May 2018 according to StockzIntelligence. On Thursday, March 29 the stock has “Underperform” rating by Bank of America. On Thursday, March 29 the firm has “Sell” rating by Benchmark given. On Wednesday, November 22 the firm earned “Sell” rating by Benchmark. On Tuesday, April 3 Loop Capital downgraded the shares of GME in report to “Hold” rating. On Wednesday, January 10 the firm has “Buy” rating given by Robert W. Baird. The company rating was maintained by Credit Suisse on Wednesday, November 22.

GameStop Corp. (NYSE:GME) Institutional Investors Chart

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