Mark Haymond Robinson Sells 5,475 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GMEGet Free Report) General Counsel Mark Haymond Robinson sold 5,475 shares of GameStop stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $20.44, for a total value of $111,909.00. Following the transaction, the general counsel directly owned 117,355 shares of the company’s stock, valued at $2,398,736.20. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GameStop Price Performance

Shares of NYSE GME opened at $21.29 on Thursday. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 25.96 and a beta of -1.23. GameStop Corp. has a 52 week low of $19.93 and a 52 week high of $35.81. The company’s 50-day moving average price is $21.59 and its 200 day moving average price is $22.99. The company has a current ratio of 10.39, a quick ratio of 9.77 and a debt-to-equity ratio of 0.78.

GameStop (NYSE:GMEGet Free Report) last announced its earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The company had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $987.29 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, research analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Swiss Life Asset Management Ltd grew its position in shares of GameStop by 78.2% in the third quarter. Swiss Life Asset Management Ltd now owns 19,616 shares of the company’s stock valued at $535,000 after purchasing an additional 8,606 shares during the period. Danske Bank A S purchased a new position in GameStop during the third quarter worth about $87,000. Advisory Services Network LLC acquired a new stake in GameStop in the 3rd quarter worth about $39,000. CANADA LIFE ASSURANCE Co boosted its stake in GameStop by 0.5% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 297,807 shares of the company’s stock worth $8,096,000 after buying an additional 1,385 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in GameStop in the 3rd quarter valued at about $3,661,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

More GameStop News

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Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of GameStop in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, GameStop presently has an average rating of “Reduce” and a consensus target price of $13.50.

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About GameStop

(Get Free Report)

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.

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