GameStop Corp. (NYSE:GME) General Counsel Sells $30,392.55 in Stock

GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 1,269 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $23.95, for a total value of $30,392.55. Following the transaction, the general counsel owned 127,836 shares of the company's stock, valued at approximately $3,061,672.20. The trade was a 0.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

GameStop Stock Down 1.3%

GME stock traded down $0.32 during trading on Friday, reaching $23.64. 5,566,311 shares of the company traded hands, compared to its average volume of 11,278,607. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 51.38 and a beta of -0.81. The business has a 50 day simple moving average of $27.11 and a 200 day simple moving average of $26.80. GameStop Corp. has a 12 month low of $18.73 and a 12 month high of $35.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 7.89 and a current ratio of 8.39.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. GameStop had a net margin of 5.67% and a return on equity of 5.25%. The company had revenue of $732.40 million during the quarter, compared to the consensus estimate of $754.23 million. During the same period last year, the firm earned ($0.12) earnings per share. GameStop's revenue was down 16.9% compared to the same quarter last year. On average, equities research analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GameStop

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in GameStop by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock worth $113,146,000 after purchasing an additional 107,354 shares in the last quarter. Swiss National Bank grew its holdings in shares of GameStop by 5.5% during the fourth quarter. Swiss National Bank now owns 834,228 shares of the company's stock valued at $26,145,000 after buying an additional 43,700 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of GameStop in the 1st quarter valued at $465,000. Slate Path Capital LP purchased a new position in GameStop in the 4th quarter worth $60,361,000. Finally, Invesco Ltd. lifted its position in GameStop by 6.1% during the 4th quarter. Invesco Ltd. now owns 585,757 shares of the company's stock worth $18,358,000 after acquiring an additional 33,596 shares during the period. Institutional investors and hedge funds own 29.21% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on GME shares. Wedbush raised shares of GameStop to a "strong sell" rating in a research note on Tuesday, July 1st. Wall Street Zen raised shares of GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th.

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.