Cubist Systematic Strategies LLC Boosts Stake in Genesco Inc. (NYSE:GCO)

Cubist Systematic Strategies LLC lifted its position in shares of Genesco Inc. (NYSE:GCO - Free Report) by 59.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,613 shares of the company's stock after buying an additional 20,707 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.48% of Genesco worth $1,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in Genesco by 64.1% during the 2nd quarter. Pzena Investment Management LLC now owns 1,221,342 shares of the company's stock valued at $31,584,000 after acquiring an additional 477,166 shares in the last quarter. Gate City Capital Management LLC acquired a new position in shares of Genesco during the 4th quarter worth approximately $5,162,000. Acadian Asset Management LLC raised its position in shares of Genesco by 57.3% during the 2nd quarter. Acadian Asset Management LLC now owns 271,394 shares of the company's stock worth $7,016,000 after purchasing an additional 98,901 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Genesco by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 715,076 shares of the company's stock valued at $25,179,000 after buying an additional 33,157 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Genesco by 83.9% during the 4th quarter. GSA Capital Partners LLP now owns 68,943 shares of the company's stock valued at $2,427,000 after buying an additional 31,456 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company's stock.

Genesco Trading Down 2.1 %

Shares of Genesco stock traded down $0.57 during mid-day trading on Wednesday, hitting $26.16. 80,434 shares of the stock were exchanged, compared to its average volume of 136,961. The company has a 50-day simple moving average of $28.19 and a 200 day simple moving average of $26.94. The company has a current ratio of 1.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $304.14 million, a price-to-earnings ratio of -13.42 and a beta of 2.41. Genesco Inc. has a twelve month low of $23.21 and a twelve month high of $37.89.

Genesco (NYSE:GCO - Get Free Report) last released its earnings results on Friday, September 6th. The company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($1.12) by $0.29. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. The firm had revenue of $525.19 million during the quarter, compared to analysts' expectations of $512.19 million. Research analysts forecast that Genesco Inc. will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Genesco from a "buy" rating to a "hold" rating in a report on Monday, September 9th.

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.