Mark Haymond Robinson Sells 7,083 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 7,083 shares of GameStop stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total transaction of $158,517.54. Following the completion of the transaction, the general counsel directly owned 108,147 shares in the company, valued at $2,420,329.86. This represents a 6.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Mark Haymond Robinson sold 3,957 shares of GameStop stock. The shares were sold at an average price of $22.62, for a total transaction of $89,507.34.
• On Monday, April 13th, Mark Haymond Robinson sold 3,912 shares of GameStop stock. The stock was sold at an average price of $23.19, for a total transaction of $90,719.28.

GameStop Trading Down 0.4%

GameStop stock opened at $22.74 on Tuesday. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 17.23 and a beta of 1.76. GameStop Corp. has a 1 year low of $19.93 and a 1 year high of $28.10. The firm’s 50 day moving average price is $22.43 and its two-hundred day moving average price is $22.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 11.91 and a current ratio of 12.40.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. The business had revenue of $835.30 million during the quarter, compared to analyst estimates of $766.63 million. GameStop had a return on equity of 13.75% and a net margin of 20.45%.The company’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of GameStop from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings raised shares of GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On GameStop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its holdings in shares of GameStop by 58.3% during the third quarter. Van ECK Associates Corp now owns 3,098,538 shares of the company’s stock worth $84,528,000 after acquiring an additional 1,141,215 shares in the last quarter. Clear Street Group Inc. acquired a new stake in shares of GameStop during the 3rd quarter valued at about $29,971,000. Flow Traders U.S. LLC grew its stake in shares of GameStop by 189.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 126,543 shares of the company’s stock valued at $3,452,000 after buying an additional 82,772 shares in the last quarter. Geode Capital Management LLC increased its holdings in GameStop by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company’s stock worth $147,431,000 after buying an additional 92,996 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in GameStop in the third quarter worth approximately $1,949,000. Hedge funds and other 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.