Meeder Asset Management Inc. Boosts Stock Holdings in Genesco Inc. (NYSE:GCO)

Meeder Asset Management Inc. lifted its holdings in shares of Genesco Inc. (NYSE:GCO) by 84.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,035 shares of the company’s stock after buying an additional 3,683 shares during the quarter. Meeder Asset Management Inc. owned about 0.07% of Genesco worth $218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quest Partners LLC raised its holdings in Genesco by 54.9% during the 3rd quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock valued at $50,000 after acquiring an additional 657 shares during the period. Empowered Funds LLC raised its stake in shares of Genesco by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 58,548 shares of the company’s stock valued at $1,591,000 after purchasing an additional 2,948 shares during the period. Olympiad Research LP bought a new stake in shares of Genesco during the 3rd quarter valued at $222,000. nVerses Capital LLC purchased a new stake in Genesco during the 3rd quarter worth about $30,000. Finally, CWM LLC boosted its stake in Genesco by 256.4% in the 3rd quarter. CWM LLC now owns 2,363 shares of the company’s stock worth $64,000 after purchasing an additional 1,700 shares during the period. 94.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Genesco from a “hold” rating to a “buy” rating in a report on Monday.

Genesco Stock Down 2.5 %

GCO opened at $29.48 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.40. Genesco Inc. has a one year low of $23.21 and a one year high of $37.89. The firm has a market capitalization of $330.77 million, a P/E ratio of -421.08 and a beta of 2.41. The company has a fifty day moving average price of $27.67 and a 200-day moving average price of $27.37.

Genesco (NYSE:GCO) last announced its earnings results on Friday, September 6th. The company reported ($0.83) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.12) by $0.29. The business 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%. Equities research analysts expect that Genesco Inc. will post 0.66 earnings per share for the current fiscal 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.