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

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 13,471 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were 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 of the company’s stock, valued at $515,995.55. The sale was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $11.61, for a total value of $50,840.19.

GameStop Trading Up 2.6 %

Shares of GameStop stock opened at $11.21 on Friday. The stock has a fifty day simple moving average of $12.88 and a 200 day simple moving average of $14.09. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $27.65. The company has a market capitalization of $3.43 billion, a P/E ratio of 560.78 and a beta of -0.45. 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 (NYSE:GME) last announced its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company posted $0.16 EPS. The company’s quarterly revenue was down 19.4% compared to the same quarter last year. On average, sell-side 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 have recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in GameStop by 99.7% in the third quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock worth $45,000 after purchasing an additional 1,352 shares during the last quarter. SG Americas Securities LLC boosted its position in GameStop by 399.9% in the third 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 last quarter. Exchange Traded Concepts LLC boosted its position in GameStop by 278.9% in the third 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 last quarter. Xponance Inc. boosted its position in GameStop by 2.7% in the third quarter. Xponance Inc. now owns 32,094 shares of the company’s stock worth $528,000 after purchasing an additional 854 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in GameStop by 0.8% in the third 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 last quarter. Institutional investors own 29.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GME shares. StockNews.com upgraded GameStop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Wedbush dropped their target price on GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock 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.