Mark Haymond Robinson Sells 1,269 Shares of GameStop Corp. (NYSE:GME) Stock

GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 1,269 shares of GameStop stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $23.95, for a total transaction of $30,392.55. Following the completion of the sale, the general counsel owned 127,836 shares in the company, valued at $3,061,672.20. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

GameStop Stock Down 1.3%

Shares of NYSE:GME traded down $0.32 during midday trading on Thursday, hitting $23.64. The stock had a trading volume of 5,566,311 shares, compared to its average volume of 11,282,808. The company has a market cap of $10.57 billion, a P/E ratio of 51.38 and a beta of -0.81. GameStop Corp. has a 12 month low of $18.73 and a 12 month high of $35.81. The business's 50-day simple moving average is $27.26 and its 200-day simple moving average is $26.90. The company has a quick ratio of 7.89, a current ratio of 8.39 and a debt-to-equity ratio of 0.30.

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

Hedge Funds Weigh In On GameStop

A number of institutional investors have recently bought and sold shares of GME. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock worth $31,000 after acquiring an additional 684 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of GameStop by 67.2% in the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock valued at $54,000 after purchasing an additional 691 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of GameStop by 32.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock valued at $67,000 after purchasing an additional 520 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of GameStop during the 4th quarter worth about $99,000. Finally, UMB Bank n.a. boosted its holdings in shares of GameStop by 100.6% during the 1st quarter. UMB Bank n.a. now owns 3,651 shares of the company's stock worth $81,000 after buying an additional 1,831 shares during the period. Institutional investors and hedge funds own 29.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush raised GameStop to a "strong sell" rating in a research report on Tuesday.

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.

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