Jane Street Group LLC Has $1.11 Million Stake in Genesco Inc. (NYSE:GCO)

Jane Street Group LLC reduced its holdings in Genesco Inc. (NYSE:GCO) by 22.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,801 shares of the company’s stock after selling 11,959 shares during the period. Jane Street Group LLC owned 0.36% of Genesco worth $1,109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in Genesco by 20.2% during the second quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock worth $4,062,000 after buying an additional 26,436 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Genesco by 166.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock valued at $931,000 after buying an additional 21,410 shares during the last quarter. Acadian Asset Management LLC boosted its stake 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 acquiring an additional 98,901 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Genesco by 139.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock worth $986,000 after acquiring an additional 21,158 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in Genesco during the 3rd quarter valued at $842,000. 94.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Genesco

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total transaction of $170,720.00. Following the transaction, the vice president now directly owns 41,358 shares of the company’s stock, valued at $1,765,159.44. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Genesco from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Genesco Stock Down 1.7 %

Shares of NYSE:GCO opened at $42.12 on Monday. Genesco Inc. has a 52-week low of $23.21 and a 52-week high of $44.80. The company has a market capitalization of $472.25 million, a PE ratio of -17.33 and a beta of 2.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. The company has a fifty day moving average of $34.12 and a 200-day moving average of $29.74.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.31. The firm had revenue of $596.30 million during the quarter, compared to analysts’ expectations of $577.73 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. On average, equities analysts predict that Genesco Inc. will post 0.81 EPS 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.