GameStop Corp. (NYSE:GME) General Counsel Sells $102,487.32 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 4,667 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32. Following the sale, the general counsel now directly owns 54,927 shares of the company’s stock, valued at approximately $1,206,196.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

GameStop Stock Up 0.9 %

GameStop stock opened at $21.40 on Friday. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 267.50 and a beta of -0.19. The firm has a 50-day moving average price of $21.88 and a two-hundred day moving average price of $20.97.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The business had revenue of $798.30 million during the quarter, compared to the consensus estimate of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The business’s revenue was down 31.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Research analysts expect that GameStop Corp. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wedbush lowered their target price on GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday, September 11th. StockNews.com raised GameStop to a “sell” rating in a research report on Wednesday, September 25th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. AlphaMark Advisors LLC lifted its holdings in GameStop by 41.7% in the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC lifted its stake in shares of GameStop by 32.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock worth $51,000 after acquiring an additional 511 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of GameStop by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 118,788 shares of the company’s stock valued at $2,082,000 after acquiring an additional 1,160 shares in the last quarter. Swiss National Bank increased its stake in shares of GameStop by 0.3% during the first quarter. Swiss National Bank now owns 542,828 shares of the company’s stock valued at $6,796,000 after acquiring an additional 1,400 shares during the period. Finally, CWM LLC raised its holdings in GameStop by 115.6% during the second quarter. CWM LLC now owns 2,660 shares of the company’s stock worth $66,000 after purchasing an additional 1,426 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

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.