GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 13,471 shares of GameStop stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $10.15, for a total transaction of $136,730.65. Following the sale, the general counsel now owns 50,837 shares in the company, valued at $515,995.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Mark Haymond Robinson also recently made the following trade(s):
- On Tuesday, April 2nd, Mark Haymond Robinson sold 4,379 shares of GameStop stock. The shares were sold at an average price of $11.61, for a total transaction of $50,840.19.
GameStop Trading Up 7.5 %
Shares of GameStop stock opened at $10.93 on Thursday. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $27.65. The stock has a market capitalization of $3.34 billion, a P/E ratio of 546.52 and a beta of -0.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 2.11. The stock's 50-day simple moving average is $12.95 and its 200 day simple moving average is $14.11.
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GameStop (NYSE:GME - Get Free Report) last announced its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.07). The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $2.05 billion. GameStop had a return on equity of 1.35% and a net margin of 0.13%. The company's quarterly revenue was down 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, research analysts anticipate that GameStop Corp. will post 0.01 EPS for the current year.
Institutional Investors Weigh In On GameStop
Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in GameStop in the third quarter valued at approximately $872,000. Rhumbline Advisers grew its position in GameStop by 1.7% during the third quarter. Rhumbline Advisers now owns 806,083 shares of the company's stock valued at $13,268,000 after acquiring an additional 13,248 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in GameStop by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,316,585 shares of the company's stock valued at $38,131,000 after acquiring an additional 243,608 shares during the last quarter. Barclays PLC grew its position in GameStop by 133.3% during the third quarter. Barclays PLC now owns 346,830 shares of the company's stock valued at $5,710,000 after acquiring an additional 198,140 shares during the last quarter. Finally, Invesco Ltd. grew its position in GameStop by 1.4% during the third quarter. Invesco Ltd. now owns 442,444 shares of the company's stock valued at $7,283,000 after acquiring an additional 6,311 shares during the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have commented on GME. Wedbush decreased their price target on shares of GameStop from $6.00 to $5.60 and set an "underperform" rating for the company in a research note on Wednesday, March 27th. StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a report on Wednesday, March 27th.
View Our Latest Research Report on GameStop
About GameStop
(
Get Free Report)
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.
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