GameStop Corp. (NYSE:GME) General Counsel Sells $50,840.19 in Stock

GameStop Corp. (NYSE:GMEGet Free Report) General Counsel Mark Haymond Robinson sold 4,379 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total value of $50,840.19. Following the completion of the sale, the general counsel now owns 64,308 shares of the company’s stock, valued at $746,615.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

GameStop Price Performance

Shares of NYSE GME opened at $11.39 on Thursday. GameStop Corp. has a fifty-two week low of $10.90 and a fifty-two week high of $27.65. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 569.53 and a beta of -0.45. 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 firm’s 50-day simple moving average is $14.06 and its 200 day simple moving average is $14.71.

GameStop (NYSE:GMEGet Free Report) last posted its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate 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 net margin of 0.13% and a return on equity of 1.35%. The company’s quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. As a group, research analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GameStop

Several institutional investors and hedge funds have recently added to or reduced their stakes in GME. Cambridge Investment Research Advisors Inc. increased its stake in GameStop by 23.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,295 shares of the company’s stock valued at $382,000 after buying an additional 439 shares during the last quarter. Citigroup Inc. increased its stake in shares of GameStop by 4.3% during the 1st quarter. Citigroup Inc. now owns 18,826 shares of the company’s stock worth $3,136,000 after purchasing an additional 777 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of GameStop by 21.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,350 shares of the company’s stock worth $390,000 after purchasing an additional 421 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of GameStop by 5.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 33,668 shares of the company’s stock worth $5,759,000 after purchasing an additional 1,854 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of GameStop by 56.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,655 shares of the company’s stock worth $2,108,000 after purchasing an additional 4,548 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GME. Wedbush cut their price objective on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a research report on Wednesday, March 27th. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th.

Check Out Our Latest Analysis on GameStop

GameStop Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for GameStop (NYSE:GME)

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