Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

GameStop Corp. (GME): You Haven’t Seen This Data Yet

Page 1 of 2

You probably haven’t seen this GameStop Corp. (NYSE:GME) yet, but no matter if you’re long or short (and getting killed today), it’s worth taking a look at.

At the moment, there are plenty of gauges shareholders can use to watch the equity markets. A pair of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best investment managers can outclass their index-focused peers by a solid margin (see just how much).

Just as necessary, optimistic insider trading sentiment is another way to analyze the world of equities. There are a number of motivations for an insider to downsize shares of his or her company, but only one, very simple reason why they would buy. Several empirical studies have demonstrated the useful potential of this strategy if “monkeys” know what to do (learn more here).

GameStop Corp. (NYSE:GME)

What’s more, it’s important to study the latest info for GameStop Corp. (NYSE:GME).

Hedge fund activity in GameStop Corp. (NYSE:GME)

At Q2’s end, a total of 21 of the hedge funds we track held long positions in this stock, a change of -19% from the first quarter. With hedgies’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings substantially.

Out of the hedge funds we follow, Cliff Asness’s AQR Capital Management had the largest position in GameStop Corp. (NYSE:GME), worth close to $176.8 million, accounting for 0.6% of its total 13F portfolio. Sitting at the No. 2 spot is Chuck Royce of Royce & Associates, with a $142.1 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include John Murphy’s Alydar Capital, Phill Gross and Robert Atchinson’s Adage Capital Management and Jim Simons’s Renaissance Technologies.

Due to the fact GameStop Corp. (NYSE:GME) has experienced bearish sentiment from upper-tier hedge fund managers, logic holds that there is a sect of funds that elected to cut their entire stakes last quarter. Interestingly, Michael Kaufman’s MAK Capital One dumped the largest investment of the “upper crust” of funds we track, valued at an estimated $24.9 million in stock, and John C. Walker of Stonerise Capital Management was right behind this move, as the fund cut about $14 million worth. These transactions are important to note, as aggregate hedge fund interest was cut by 5 funds last quarter.

How are insiders trading GameStop Corp. (NYSE:GME)?

Legal insider trading, particularly when it’s bullish, is most useful when the primary stock in question has seen transactions within the past 180 days. Over the latest 180-day time period, GameStop Corp. (NYSE:GME) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to GameStop Corp. (NYSE:GME). These stocks are RadioShack Corporation (NYSE:RSH), hhgregg, Inc. (NYSE:HGG), CONN’S, Inc. (NASDAQ:CONN), and Best Buy Co., Inc. (NYSE:BBY). This group of stocks belong to the electronics stores industry and their market caps are closest to GME’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!