1492 Capital Management LLC acquired a new position in shares of Genesco Inc. (NYSE:GCO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 113,661 shares of the company’s stock, valued at approximately $3,694,000. Genesco makes up approximately 2.9% of 1492 Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. 1492 Capital Management LLC owned approximately 0.57% of Genesco at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Genesco by 16.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock valued at $145,000 after acquiring an additional 618 shares during the period. Teacher Retirement System of Texas acquired a new position in Genesco in the 4th quarter valued at approximately $216,000. Pinnacle Financial Partners Inc. acquired a new position in Genesco in the 3rd quarter valued at approximately $226,000. Crossmark Global Holdings Inc. acquired a new position in Genesco in the 3rd quarter valued at approximately $240,000. Finally, Wolverine Trading LLC increased its position in Genesco by 113.1% in the 4th quarter. Wolverine Trading LLC now owns 7,883 shares of the company’s stock valued at $256,000 after acquiring an additional 4,183 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.
Shares of Genesco Inc. (NYSE GCO) opened at $40.35 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 0.47. Genesco Inc. has a 12 month low of $20.90 and a 12 month high of $63.50. The company has a market cap of $803.50, a price-to-earnings ratio of -6.40, a PEG ratio of 1.20 and a beta of 1.11.
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Genesco Company Profile
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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