GameStop (NYSE:GME) General Counsel Mark Haymond Robinson Sells 3,957 Shares of Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 3,957 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $22.62, for a total value of $89,507.34. Following the transaction, the general counsel directly owned 104,190 shares of the company’s stock, valued at $2,356,777.80. The trade was a 3.66% 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 Wednesday, July 1st, Mark Haymond Robinson sold 7,083 shares of GameStop stock. The stock was sold at an average price of $22.38, for a total value of $158,517.54.
• 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 value of $90,719.28.

GameStop Stock Up 0.4%

NYSE GME opened at $22.84 on Tuesday. The business has a fifty day moving average price of $22.43 and a 200 day moving average price of $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. The company has a market cap of $10.25 billion, a P/E ratio of 17.22 and a beta of 1.76. GameStop Corp. has a one year low of $19.93 and a one year high of $28.10.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, June 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. GameStop had a net margin of 20.45% and a return on equity of 13.75%. The company had revenue of $835.30 million for the quarter, compared to analysts’ expectations of $766.63 million. During the same quarter in the previous year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of GameStop from a “hold” rating to a “buy” rating in a research note 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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On GameStop

A number of institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $26,000 after buying an additional 732 shares during the period. EverSource Wealth Advisors LLC increased 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 worth $31,000 after acquiring an additional 886 shares during the last quarter. Advisory Services Network LLC purchased a new stake in GameStop in the third quarter valued at $39,000. Los Angeles Capital Management LLC acquired a new position in shares of GameStop in the 4th quarter valued at $39,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of GameStop by 805.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock worth $45,000 after purchasing an additional 2,014 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

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.