XTX Topco Ltd Makes New Investment in Genesco Inc. (NYSE:GCO)

XTX Topco Ltd bought a new position in shares of Genesco Inc. (NYSE:GCO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,088 shares of the company’s stock, valued at approximately $364,000. XTX Topco Ltd owned approximately 0.12% of Genesco at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GCO. Allspring Global Investments Holdings LLC lifted its holdings in Genesco by 4,977.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,656 shares of the company’s stock worth $95,000 after buying an additional 3,584 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Genesco in the second quarter valued at about $113,000. First Hawaiian Bank increased its position in Genesco by 108.2% in the second quarter. First Hawaiian Bank now owns 16,680 shares of the company’s stock worth $431,000 after purchasing an additional 8,670 shares during the period. Renaissance Technologies LLC bought a new stake in Genesco during the 2nd quarter worth about $463,000. Finally, SummerHaven Investment Management LLC lifted its position in Genesco by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,246 shares of the company’s stock valued at $756,000 after purchasing an additional 556 shares during the period. 94.51% of the stock is owned by institutional investors.

Genesco Stock Performance

GCO stock opened at $27.03 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. Genesco Inc. has a twelve month low of $23.21 and a twelve month high of $37.89. The business’s fifty day moving average is $28.33 and its 200-day moving average is $26.89. The company has a market cap of $314.25 million, a P/E ratio of -13.87 and a beta of 2.41.

Analysts Set New Price Targets

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

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.