Mark Haymond Robinson Sells 1,577 Shares of GameStop Corp. (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the sale, the general counsel now owns 42,350 shares of the company’s stock, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 10th, Mark Haymond Robinson sold 11,000 shares of GameStop stock. The shares were sold at an average price of $20.82, for a total transaction of $229,020.00.

GameStop Stock Up 1.6 %

Shares of GameStop stock opened at $33.33 on Wednesday. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83. The firm has a market capitalization of $14.89 billion, a PE ratio of 185.18 and a beta of -0.02. The stock’s fifty day moving average is $28.14 and its 200-day moving average is $24.56.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.09. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The firm had revenue of $860.30 million for the quarter, compared to the consensus estimate of $887.68 million. The company’s revenue was down 20.2% on a year-over-year basis. Analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GME. StockNews.com raised shares of GameStop to a “sell” rating in a research note on Saturday, October 19th. Wedbush restated an “underperform” rating and issued a $10.00 price target on shares of GameStop in a research report on Friday, December 6th.

Hedge Funds Weigh In On GameStop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in GameStop by 38.0% during the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company’s stock valued at $255,526,000 after purchasing an additional 3,070,571 shares during the period. Geode Capital Management LLC raised its position in GameStop by 41.8% during the third quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock valued at $144,009,000 after buying an additional 1,852,088 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in GameStop by 22.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock worth $80,322,000 after acquiring an additional 646,488 shares in the last quarter. Van ECK Associates Corp boosted its position in GameStop by 8.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company’s stock worth $41,866,000 after acquiring an additional 136,785 shares during the period. Finally, Renaissance Technologies LLC grew its stake in GameStop by 34.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock valued at $33,261,000 after acquiring an additional 342,178 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

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.