GameStop (NYSE:GME) General Counsel Sells $177,000.96 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Robinson sold 7,296 shares of GameStop stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $24.26, for a total value of $177,000.96. Following the transaction, the general counsel owned 96,894 shares of the company’s stock, valued at $2,350,648.44. The trade was a 7.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Mark Robinson sold 3,882 shares of GameStop stock. The stock was sold at an average price of $25.42, for a total value of $98,680.44.

GameStop Price Performance

Shares of NYSE:GME opened at $24.59 on Thursday. The business has a fifty day moving average price of $20.67 and a 200-day moving average price of $21.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 8.07. The company has a market capitalization of $12.40 billion, a PE ratio of 16.17 and a beta of 1.63. GameStop Corp. has a 1-year low of $17.79 and a 1-year high of $26.88.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of GameStop from a “buy” rating to a “hold” rating in a report on Monday, September 7th. Weiss Ratings reaffirmed 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, According to data from MarketBeat, GameStop presently has an average rating of “Hold”.

Institutional Trading of GameStop

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of GameStop by 189.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company’s stock valued at $90,046,000 after purchasing an additional 2,557,079 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of GameStop by 376.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company’s stock worth $61,063,000 after purchasing an additional 2,093,755 shares during the period. WINTON GROUP Ltd purchased a new position in shares of GameStop in the second quarter worth approximately $5,111,000. Pacer Advisors Inc. boosted 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 buying an additional 180,356 shares during the last quarter. Finally, First Trust Advisors LP grew its position in GameStop by 412.7% during the first quarter. First Trust Advisors LP now owns 208,650 shares of the company’s stock valued at $4,807,000 after buying an additional 167,956 shares during the period. 29.21% of the stock is currently owned by institutional investors.

About GameStop

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.