Mark Haymond Robinson Sells 7,209 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 7,209 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total transaction of $165,374.46. Following the transaction, the general counsel owned 97,946 shares in the company, valued at approximately $2,246,881.24. This trade represents a 6.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, January 12th, Mark Haymond Robinson sold 12,200 shares of GameStop stock. The stock was sold at an average price of $21.00, for a total transaction of $256,200.00.

GameStop Stock Performance

GME traded up $0.03 during mid-day trading on Friday, reaching $23.39. 3,834,282 shares of the company traded hands, compared to its average volume of 5,872,089. The company has a quick ratio of 14.68, a current ratio of 15.30 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $10.49 billion, a P/E ratio of 31.18 and a beta of 1.86. The company’s fifty day moving average price is $23.76 and its 200-day moving average price is $23.07. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $35.81.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, March 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.47 billion. GameStop had a net margin of 11.53% and a return on equity of 12.47%. On average, sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GME. Wall Street Zen lowered shares of GameStop from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings upgraded shares of GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, GameStop presently has a consensus rating of “Reduce” and a consensus target price of $13.50.

Institutional Trading of GameStop

Several institutional investors and hedge funds have recently added to or reduced their stakes in GME. Rockefeller Capital Management L.P. lifted its holdings in shares of GameStop by 805.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock worth $45,000 after buying an additional 2,014 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of GameStop during the 4th quarter valued at about $224,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of GameStop during the fourth quarter valued at about $54,000. Pacer Advisors Inc. increased its holdings in shares of GameStop by 19.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company’s stock worth $22,340,000 after purchasing an additional 180,356 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of GameStop in the fourth quarter worth about $1,745,000. Institutional investors 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.