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 company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $10.15, for a total value of $136,730.65. Following the completion of 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 SEC, which can be accessed through this hyperlink.

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 7.5 %

GME traded up $0.77 during trading on Wednesday, hitting $10.93. 4,821,706 shares of the company’s stock traded hands, compared to its average volume of 3,786,423. The company’s 50 day simple moving average is $12.95 and its two-hundred day simple moving average is $14.11. 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 Corp. has a 12-month low of $9.95 and a 12-month high of $27.65. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 546.25 and a beta of -0.45.

GameStop (NYSE:GME) last released its quarterly 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). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $2.05 billion. GameStop had a return on equity of 1.35% and a net margin of 0.13%. The business’s quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. Analysts predict that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GameStop

A number of institutional investors and hedge funds have recently modified their holdings of GME. IFP Advisors Inc boosted its stake in shares of GameStop by 99.7% in the 3rd quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock worth $45,000 after buying an additional 1,352 shares during the last quarter. SG Americas Securities LLC raised its holdings in GameStop by 399.9% in the 3rd quarter. SG Americas Securities LLC now owns 23,787 shares of the company’s stock worth $392,000 after purchasing an additional 19,029 shares during the period. Exchange Traded Concepts LLC raised its holdings in GameStop by 278.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,567 shares of the company’s stock worth $108,000 after purchasing an additional 4,834 shares during the period. Xponance Inc. raised its holdings in GameStop by 2.7% in the 3rd quarter. Xponance Inc. now owns 32,094 shares of the company’s stock worth $528,000 after purchasing an additional 854 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in GameStop by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,137,069 shares of the company’s stock worth $35,176,000 after purchasing an additional 16,875 shares during the period. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GME has been the topic of several recent analyst reports. Wedbush cut their target price on GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a research note on Wednesday, March 27th. StockNews.com upgraded GameStop from a “sell” rating to a “hold” rating in a research note 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.