Susquehanna Fundamental Investments LLC Acquires Shares of 44,229 Genesco Inc. (NYSE:GCO)

Susquehanna Fundamental Investments LLC bought a new stake in Genesco Inc. (NYSE:GCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 44,229 shares of the company's stock, valued at approximately $1,891,000. Susquehanna Fundamental Investments LLC owned approximately 0.39% of Genesco as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GCO. Portolan Capital Management LLC bought a new stake in shares of Genesco in the 4th quarter valued at about $19,847,000. JPMorgan Chase & Co. boosted its holdings in Genesco by 124.9% in the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock worth $6,824,000 after acquiring an additional 139,485 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Genesco by 28.6% during the fourth quarter. Marshall Wace LLP now owns 428,143 shares of the company's stock worth $18,303,000 after acquiring an additional 95,195 shares during the last quarter. American Century Companies Inc. raised its position in shares of Genesco by 25.3% in the 4th quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock valued at $11,833,000 after purchasing an additional 55,977 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in Genesco during the 4th quarter worth approximately $1,475,000. 94.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $20.73, for a total transaction of $248,760.00. Following the transaction, the insider now directly owns 1,097,850 shares in the company, valued at $22,758,430.50. The trade was a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory A. Sandfort bought 10,974 shares of the company's stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $22.92 per share, with a total value of $251,524.08. Following the completion of the acquisition, the director now owns 26,754 shares in the company, valued at $613,201.68. This represents a 69.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 7.09% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Genesco from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th.

Genesco Stock Performance

Shares of GCO stock traded down $0.49 on Tuesday, hitting $19.75. The company had a trading volume of 17,267 shares, compared to its average volume of 207,421. The firm has a market cap of $217.95 million, a P/E ratio of -8.13 and a beta of 2.14. Genesco Inc. has a twelve month low of $16.19 and a twelve month high of $44.80. The company has a 50-day moving average price of $22.05 and a 200-day moving average price of $31.93. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19.

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

Genesco Company 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.