GameStop (NYSE:GME) Stock: Insider Mark Haymond Robinson Sells 3,882 Shares

GameStop Corp. (NYSE:GME) General Counsel Mark Robinson sold 3,882 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $25.42, for a total transaction of $98,680.44. Following the sale, the general counsel owned 93,012 shares of the company’s stock, valued at $2,364,365.04. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, Mark Robinson sold 7,296 shares of GameStop stock. The stock was sold at an average price of $24.26, for a total value of $177,000.96.

GameStop Stock Performance

Shares of GameStop stock traded up $0.65 on Monday, hitting $25.35. The stock had a trading volume of 11,927,161 shares, compared to its average volume of 10,119,756. GameStop Corp. has a twelve month low of $17.79 and a twelve month high of $26.88. The business’s 50 day moving average is $20.56 and its two-hundred day moving average is $21.91. The company has a quick ratio of 8.07, a current ratio of 8.72 and a debt-to-equity ratio of 0.68. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 16.68 and a beta of 1.63.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, September 8th. The company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $790.20 million for the quarter, compared to analyst estimates of $756.85 million. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The firm’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share.

Hedge Funds Weigh In On GameStop

Several hedge funds have recently bought and sold shares of GME. WINTON GROUP Ltd bought a new position in GameStop in the 2nd quarter valued at about $5,111,000. Sterling Investment Advisors Ltd. lifted its holdings in shares of GameStop by 33.8% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 18,316 shares of the company’s stock worth $404,000 after acquiring an additional 4,627 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of GameStop during the 2nd quarter worth approximately $1,866,000. AlphaGrep UK Ltd acquired a new stake in shares of GameStop during the 2nd quarter worth approximately $708,000. Finally, Public Employees Retirement System of Ohio bought a new position in GameStop in the second quarter valued at approximately $2,578,000. 29.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on GME. Wall Street Zen cut GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings reissued a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

GameStop Company Profile

GameStop Corp. is a multichannel retailer focused on video game products and related entertainment merchandise. The company sells new and pre-owned video game hardware, software, accessories and consumer electronics through its retail stores and e-commerce websites. Its product offerings include gaming consoles, controllers, headsets, games and other equipment for major platforms.

GameStop also sells collectibles, apparel, toys, trading cards and other products connected to video games and popular culture.