Mark Haymond Robinson Sells 12,200 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 12,200 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $21.00, for a total transaction of $256,200.00. Following the sale, the general counsel owned 105,155 shares in the company, valued at $2,208,255. The trade was a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, January 2nd, Mark Haymond Robinson sold 5,475 shares of GameStop stock. The stock was sold at an average price of $20.44, for a total transaction of $111,909.00.

GameStop Trading Up 0.2%

Shares of GME stock opened at $21.06 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 9.77 and a current ratio of 10.39. The stock has a fifty day simple moving average of $21.48 and a two-hundred day simple moving average of $22.91. The firm has a market capitalization of $9.44 billion, a PE ratio of 25.69 and a beta of -1.23. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $35.81.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. GameStop had a return on equity of 9.75% and a net margin of 11.08%.The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $987.29 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s revenue was down 4.6% on a year-over-year basis. On average, analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On GameStop

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of GameStop by 308.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock worth $26,000 after acquiring an additional 732 shares in the last quarter. City Holding Co. bought a new stake in GameStop in the third quarter worth $30,000. EverSource Wealth Advisors LLC raised its stake in GameStop by 226.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after purchasing an additional 886 shares in the last quarter. Advisory Services Network LLC purchased a new stake in GameStop during the third quarter valued at $39,000. Finally, Ameritas Advisory Services LLC bought a new position in GameStop during the second quarter valued at $45,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GameStop in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $13.50.

GameStop Company Profile

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.