Insider Selling: GameStop Corp. (NYSE:GME) General Counsel Sells 13,471 Shares of Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 13,471 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $10.15, for a total value of $136,730.65. Following the transaction, the general counsel now directly owns 50,837 shares of the company’s stock, valued at approximately $515,995.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Mark Haymond Robinson also recently made the following trade(s):

• On Tuesday, April 2nd, Mark Haymond Robinson sold 4,379 shares of GameStop stock. The shares were sold at an average price of $11.61, for a total value of $50,840.19.

GameStop Stock Up 2.6 %

GameStop stock opened at $11.21 on Friday. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 560.78 and a beta of -0.45. The stock has a fifty day simple moving average of $12.88 and a two-hundred day simple moving average of $14.09. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $27.65. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). GameStop had a return on equity of 1.35% and a net margin of 0.13%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm earned $0.16 EPS. The business’s revenue was down 19.4% on a year-over-year basis. Equities analysts predict that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on GME shares. Wedbush reduced their target price on GameStop from $6.00 to $5.60 and set an “underperform” rating for the company in a report on Wednesday, March 27th. StockNews.com raised GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.

Institutional Trading of GameStop

Several large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System grew its holdings in shares of GameStop by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 77,300 shares of the company’s stock worth $968,000 after acquiring an additional 1,900 shares during the period. Revisor Wealth Management LLC bought a new stake in shares of GameStop in the first quarter worth $236,000. State of Michigan Retirement System lifted its position in GameStop by 2.5% during the first quarter. State of Michigan Retirement System now owns 66,000 shares of the company’s stock valued at $826,000 after purchasing an additional 1,600 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in GameStop by 21.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,025 shares of the company’s stock valued at $211,000 after purchasing an additional 2,105 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in GameStop by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock valued at $446,143,000 after purchasing an additional 167,145 shares in the last quarter. Institutional investors own 29.21% of the company’s stock.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.