Rhumbline Advisers Reduces Stake in Genesco Inc. (NYSE:GCO)

Rhumbline Advisers cut its stake in Genesco Inc. (NYSE:GCO) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,547 shares of the company’s stock after selling 968 shares during the quarter. Rhumbline Advisers owned about 0.17% of Genesco worth $505,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GCO. Allspring Global Investments Holdings LLC grew its holdings in shares of Genesco by 4,977.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,656 shares of the company’s stock valued at $95,000 after purchasing an additional 3,584 shares during the period. First Hawaiian Bank grew its stake in shares of Genesco by 108.2% in the 2nd quarter. First Hawaiian Bank now owns 16,680 shares of the company’s stock valued at $431,000 after buying an additional 8,670 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Genesco by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,246 shares of the company’s stock worth $756,000 after buying an additional 556 shares during the last quarter. Empowered Funds LLC raised its position in shares of Genesco by 7.9% during the 1st quarter. Empowered Funds LLC now owns 31,089 shares of the company’s stock valued at $875,000 after buying an additional 2,275 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Genesco by 54.2% in the first quarter. BNP Paribas Financial Markets now owns 36,283 shares of the company’s stock valued at $1,021,000 after acquiring an additional 12,754 shares during the last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Genesco from a “buy” rating to a “hold” rating in a research note on Monday, September 9th.

Genesco Stock Down 1.8 %

Shares of GCO opened at $26.41 on Thursday. The company’s 50-day moving average price is $28.33 and its 200 day moving average price is $26.89. Genesco Inc. has a 12-month low of $23.21 and a 12-month high of $37.89. 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 firm has a market cap of $307.04 million, a P/E ratio of -13.54 and a beta of 2.41.

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.