GameStop (NYSE:GME) General Counsel Mark Haymond Robinson Sells 12,200 Shares of Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 12,200 shares of GameStop stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $21.00, for a total value of $256,200.00. Following the completion of the transaction, the general counsel directly owned 105,155 shares in the company, valued at $2,208,255. This represents a 10.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Mark Haymond Robinson also recently made the following trade(s):

• On Friday, January 2nd, Mark Haymond Robinson sold 5,475 shares of GameStop stock. The stock was sold at an average price of $20.44, for a total value of $111,909.00.

GameStop Price Performance

GME stock opened at $21.01 on Wednesday. GameStop Corp. has a one year low of $19.93 and a one year high of $35.81. The firm has a 50-day moving average of $21.50 and a two-hundred day moving average of $22.93. The firm has a market capitalization of $9.41 billion, a PE ratio of 25.62 and a beta of -1.23. 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:GME) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $987.29 million. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of GameStop by 28.3% in the second quarter. JPMorgan Chase & Co. now owns 1,025,993 shares of the company’s stock worth $25,024,000 after acquiring an additional 226,234 shares during the last quarter. Triumph Capital Management grew its stake in GameStop by 194.6% in the second quarter. Triumph Capital Management now owns 35,155 shares of the company’s stock valued at $857,000 after purchasing an additional 23,222 shares in the last quarter. Marshall Wace LLP increased its position in GameStop by 347.7% in the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company’s stock worth $162,381,000 after purchasing an additional 5,170,741 shares during the last quarter. Voya Investment Management LLC increased its position in GameStop by 28.8% in the 1st quarter. Voya Investment Management LLC now owns 179,896 shares of the company’s stock worth $4,015,000 after purchasing an additional 40,238 shares during the last quarter. Finally, AGF Management Ltd. purchased a new stake in shares of GameStop during the 2nd quarter worth about $2,119,000. Institutional investors and hedge funds own 29.21% of the company’s stock.

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.