GSA Capital Partners LLP Sells 16,540 Shares of Genesco Inc. (NYSE:GCO)

GSA Capital Partners LLP trimmed its position in Genesco Inc. (NYSE:GCO) by 38.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,417 shares of the company’s stock after selling 16,540 shares during the quarter. GSA Capital Partners LLP owned about 0.24% of Genesco worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Pzena Investment Management LLC lifted its position in Genesco by 64.1% during the 2nd quarter. Pzena Investment Management LLC now owns 1,221,342 shares of the company’s stock worth $31,584,000 after acquiring an additional 477,166 shares during the last quarter. Acadian Asset Management LLC lifted 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. AQR Capital Management LLC grew its holdings in Genesco by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 102,986 shares of the company’s stock valued at $2,663,000 after buying an additional 28,374 shares during the last quarter. American Century Companies Inc. increased its position in Genesco by 20.2% in the 2nd 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 period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Genesco by 59.3% during the second quarter. Cubist Systematic Strategies LLC now owns 55,613 shares of the company’s stock worth $1,438,000 after buying an additional 20,707 shares during the last quarter. 94.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Genesco from a “hold” rating to a “buy” rating in a research note on Monday.

Genesco Stock Down 3.8 %

NYSE GCO opened at $29.57 on Monday. Genesco Inc. has a twelve month low of $23.21 and a twelve month high of $37.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.40 and a current ratio of 1.53. The stock has a market cap of $331.78 million, a PE ratio of -422.37 and a beta of 2.41. The firm has a 50-day simple moving average of $27.58 and a 200 day simple moving average of $27.32.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, September 6th. The company reported ($0.83) earnings per share for the quarter, topping the consensus estimate of ($1.12) by $0.29. The company had revenue of $525.19 million for the quarter, compared to analyst estimates of $512.19 million. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. On average, research analysts forecast that Genesco Inc. will post 0.66 EPS for the current year.

About Genesco

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.