GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson Sells 13,471 Shares

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 13,471 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $10.15, for a total transaction of $136,730.65. Following the sale, the general counsel now owns 50,837 shares in the company, valued at approximately $515,995.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was sold at an average price of $11.61, for a total transaction of $50,840.19.

GameStop Stock Up 6.2 %

Shares of NYSE:GME opened at $11.90 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 2.11. The company has a market cap of $3.64 billion, a PE ratio of 595.30 and a beta of -0.45. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $27.65. The firm has a 50 day simple moving average of $12.84 and a 200 day simple moving average of $14.06.

GameStop (NYSE:GME) last released its earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). GameStop had a return on equity of 1.35% and a net margin of 0.13%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $0.16 EPS. The firm’s quarterly revenue was down 19.4% compared to the same quarter last year. As a group, research analysts expect that GameStop Corp. will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc raised its holdings in shares of GameStop by 99.7% during the 3rd quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock valued at $45,000 after purchasing an additional 1,352 shares in the last quarter. Fifth Third Bancorp grew its stake in GameStop by 175.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,855 shares of the company’s stock valued at $47,000 after buying an additional 1,819 shares during the last quarter. Headlands Technologies LLC acquired a new position in GameStop in the 4th quarter valued at $55,000. First United Bank & Trust acquired a new position in GameStop in the 4th quarter valued at $70,000. Finally, Exchange Traded Concepts LLC grew its stake in GameStop by 278.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,567 shares of the company’s stock valued at $108,000 after buying an additional 4,834 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wedbush decreased their price objective on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating for the company in a report on Wednesday, March 27th. StockNews.com upgraded shares of GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.

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.