Mark Haymond Robinson Sells 3,957 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 3,957 shares of GameStop stock in a transaction on Monday, July 6th. The stock was sold at an average price of $22.62, for a total value of $89,507.34. Following the completion of the sale, the general counsel directly owned 104,190 shares of the company’s stock, valued at $2,356,777.80. The trade was a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Mark Haymond Robinson sold 7,083 shares of GameStop stock. The shares were sold at an average price of $22.38, for a total value of $158,517.54.
• On Monday, April 13th, Mark Haymond Robinson sold 3,912 shares of GameStop stock. The stock was sold at an average price of $23.19, for a total value of $90,719.28.

GameStop Trading Down 2.4%

GameStop stock opened at $22.22 on Wednesday. The business has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $22.85. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $28.10. The company has a quick ratio of 11.91, a current ratio of 12.40 and a debt-to-equity ratio of 0.71. The company has a market cap of $9.97 billion, a P/E ratio of 16.83 and a beta of 1.76.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, June 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. GameStop had a net margin of 20.45% and a return on equity of 13.75%. The company had revenue of $835.30 million during the quarter, compared to analyst estimates of $766.63 million. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Box Hill Private Wealth LLC bought a new position in GameStop during the second quarter valued at $838,000. CX Institutional lifted its holdings in shares of GameStop by 537.1% in the 2nd quarter. CX Institutional now owns 3,313 shares of the company’s stock worth $73,000 after acquiring an additional 2,793 shares during the last quarter. Militia Capital Management LLC purchased a new position in shares of GameStop during the 1st quarter worth about $492,000. Bank of America Corp DE grew its holdings in GameStop by 15.4% during the 1st quarter. Bank of America Corp DE now owns 315,690 shares of the company’s stock valued at $7,273,000 after purchasing an additional 42,091 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new position in GameStop during the 1st quarter valued at about $222,000. 29.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on GME shares. Weiss Ratings raised GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of GameStop from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About GameStop

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.