Susquehanna Fundamental Investments LLC Takes $1.89 Million Position in Genesco Inc. (NYSE:GCO)

Susquehanna Fundamental Investments LLC bought a new position in Genesco Inc. (NYSE:GCO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 44,229 shares of the company's stock, valued at approximately $1,891,000. Susquehanna Fundamental Investments LLC owned about 0.39% of Genesco at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC boosted its position in shares of Genesco by 103.1% in the 3rd quarter. Barclays PLC now owns 20,730 shares of the company's stock worth $563,000 after purchasing an additional 10,521 shares in the last quarter. Geode Capital Management LLC boosted its stake in Genesco by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company's stock worth $6,718,000 after purchasing an additional 3,157 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Genesco by 8.4% in the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company's stock valued at $313,000 after purchasing an additional 859 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Genesco by 124.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock valued at $6,824,000 after buying an additional 139,485 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Genesco in the 4th quarter valued at about $111,000. Hedge funds and other institutional investors own 94.51% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Genesco from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th.

Insiders Place Their Bets

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $20.73, for a total value of $248,760.00. Following the transaction, the insider now owns 1,097,850 shares of the company's stock, valued at approximately $22,758,430.50. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory A. Sandfort bought 10,974 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $22.92 per share, with a total value of $251,524.08. Following the transaction, the director now owns 26,754 shares of the company's stock, valued at $613,201.68. This trade represents a 69.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.09% of the stock is owned by company insiders.

Genesco Stock Performance

NYSE:GCO traded up $0.97 during mid-day trading on Friday, reaching $20.45. The stock had a trading volume of 164,766 shares, compared to its average volume of 208,600. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. Genesco Inc. has a twelve month low of $16.19 and a twelve month high of $44.80. The firm has a market capitalization of $225.73 million, a price-to-earnings ratio of -8.42 and a beta of 2.25. The business has a 50 day simple moving average of $22.38 and a 200 day simple moving average of $31.98.

Genesco (NYSE:GCO - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing analysts' consensus estimates of $3.31 by ($0.05). Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The company had revenue of $745.95 million for the quarter, compared to analysts' expectations of $780.43 million. During the same quarter in the prior year, the business posted $2.59 EPS. On average, analysts expect that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Genesco Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.