GameStop Corp. (NYSE:GME – Get Free Report) General Counsel Mark Robinson sold 3,882 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $25.42, for a total transaction of $98,680.44. Following the sale, the general counsel directly owned 93,012 shares in the company, valued at $2,364,365.04. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Haymond Robinson also recently made the following trade(s):
- On Thursday, October 1st, Mark Robinson sold 7,296 shares of GameStop stock. The shares were sold at an average price of $24.26, for a total transaction of $177,000.96.
GameStop Trading Down 0.7%
Shares of GameStop stock opened at $24.59 on Thursday. The firm has a 50-day simple moving average of $20.67 and a two-hundred day simple moving average of $21.93. The company has a market cap of $12.40 billion, a P/E ratio of 16.17 and a beta of 1.63. GameStop Corp. has a fifty-two week low of $17.79 and a fifty-two week high of $26.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 8.07 and a current ratio of 8.72.
Hedge Funds Weigh In On GameStop
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of GameStop by 189.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company’s stock worth $90,046,000 after acquiring an additional 2,557,079 shares during the period. Renaissance Technologies LLC grew its holdings in shares of GameStop by 376.2% in the first quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company’s stock valued at $61,063,000 after purchasing an additional 2,093,755 shares during the period. Pacer Advisors Inc. increased its position in GameStop by 19.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company’s stock worth $22,340,000 after purchasing an additional 180,356 shares during the last quarter. Principal Financial Group Inc. increased its position in GameStop by 3.8% during the first quarter. Principal Financial Group Inc. now owns 919,960 shares of the company’s stock worth $21,196,000 after purchasing an additional 33,553 shares during the last quarter. Finally, Swiss National Bank raised its stake in GameStop by 0.4% during the first quarter. Swiss National Bank now owns 842,328 shares of the company’s stock worth $19,407,000 after purchasing an additional 3,300 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on GME. Weiss Ratings reiterated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of GameStop from a “buy” rating to a “hold” rating in a report on Monday, September 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, GameStop has an average rating of “Hold”.
Check Out Our Latest Report on GameStop
GameStop Company Profile
GameStop Corp. is a multichannel retailer focused on video game products and related entertainment merchandise. The company sells new and pre-owned video game hardware, software, accessories and consumer electronics through its retail stores and e-commerce websites. Its product offerings include gaming consoles, controllers, headsets, games and other equipment for major platforms.
GameStop also sells collectibles, apparel, toys, trading cards and other products connected to video games and popular culture.
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