Mark Haymond Robinson Sells 7,209 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 7,209 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total value of $165,374.46. Following the transaction, the general counsel directly owned 97,946 shares in the company, valued at approximately $2,246,881.24. This represents a 6.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, January 12th, Mark Haymond Robinson sold 12,200 shares of GameStop stock. The shares were sold at an average price of $21.00, for a total value of $256,200.00.

GameStop Stock Up 0.1%

GME opened at $23.39 on Friday. The firm has a market cap of $10.49 billion, a P/E ratio of 31.18 and a beta of 1.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 14.68 and a current ratio of 15.30. The business has a 50 day moving average price of $23.76 and a 200 day moving average price of $23.03. GameStop Corp. has a twelve month low of $19.93 and a twelve month high of $35.81.

GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, March 24th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.37 by $0.12. GameStop had a return on equity of 12.47% and a net margin of 11.53%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.47 billion. Research analysts forecast that GameStop Corp. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on GME. Weiss Ratings upgraded shares of GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Wall Street Zen cut shares of GameStop from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.50.

Hedge Funds Weigh In On GameStop

A number of institutional investors and hedge funds have recently bought and sold shares of GME. Northwestern Mutual Wealth Management Co. raised its stake in GameStop by 308.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock valued at $26,000 after purchasing an additional 732 shares during the last quarter. City Holding Co. bought a new stake in GameStop in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC grew its position in GameStop by 226.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after purchasing an additional 886 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of GameStop during the 3rd quarter worth about $39,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of GameStop during the 4th quarter worth about $39,000. Institutional investors own 29.21% of the company’s stock.

About GameStop

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.