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
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!