Mark Haymond Robinson Sells 565 Shares of GameStop Corp. (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 565 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $23.43, for a total transaction of $13,237.95. Following the transaction, the general counsel now owns 59,594 shares in the company, valued at approximately $1,396,287.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, June 13th, Mark Haymond Robinson sold 2,215 shares of GameStop stock. The stock was sold at an average price of $26.33, for a total transaction of $58,320.95.
• On Monday, May 6th, Mark Haymond Robinson sold 214 shares of GameStop stock. The stock was sold at an average price of $14.51, for a total transaction of $3,105.14.
• On Tuesday, April 23rd, Mark Haymond Robinson sold 13,471 shares of GameStop stock. The stock was sold at an average price of $10.15, for a total transaction of $136,730.65.

GameStop Stock Up 1.6 %

Shares of GME stock opened at $24.37 on Friday. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 304.66 and a beta of -0.10. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83. The company’s fifty day moving average price is $23.66 and its 200-day moving average price is $17.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.42.

GameStop (NYSE:GME) last announced its quarterly earnings data on Friday, June 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The firm had revenue of $881.80 million for the quarter, compared to the consensus estimate of $995.30 million. GameStop had a net margin of 0.51% and a return on equity of 1.78%. The firm’s revenue for the quarter was down 28.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) earnings per share. Sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GME. StockNews.com upgraded shares of GameStop to a “sell” rating in a research report on Thursday, June 20th. Wedbush decreased their price target on shares of GameStop from $13.50 to $11.00 and set an “underperform” rating on the stock in a research report on Wednesday, June 12th.

Institutional Trading of GameStop

Several institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in GameStop by 32.9% during the second quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock valued at $51,000 after acquiring an additional 511 shares in the last quarter. Headlands Technologies LLC purchased a new position in GameStop during the fourth quarter valued at $55,000. First United Bank & Trust purchased a new position in GameStop during the fourth quarter valued at $70,000. Fifth Third Bancorp grew its stake in GameStop by 50.6% during the fourth quarter. Fifth Third Bancorp now owns 4,300 shares of the company’s stock valued at $75,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in GameStop by 147.2% during the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock valued at $65,000 after acquiring an additional 3,025 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors.

About GameStop

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.