Cooper Creek Partners Management Boosted Its Genesco (GCO) Holding; Akoustis Tech (AKTS) Shorts Increased By 3.04%

October 13, 2017 - By Marie Mckinney

Akoustis Tech Incorporated (NASDAQ:AKTS) had an increase of 3.04% in short interest. AKTS’s SI was 874,100 shares in October as released by FINRA. Its up 3.04% from 848,300 shares previously. With 56,900 avg volume, 15 days are for Akoustis Tech Incorporated (NASDAQ:AKTS)’s short sellers to cover AKTS’s short positions. The SI to Akoustis Tech Incorporated’s float is 8.61%. About 32,651 shares traded. Akoustis Technologies Inc (NASDAQ:AKTS) has 0.00% since October 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Cooper Creek Partners Management Llc increased Genesco (GCO) stake by 60.89% reported in 2017Q2 SEC filing. Cooper Creek Partners Management Llc acquired 80,081 shares as Genesco (GCO)’s stock declined 25.35%. The Cooper Creek Partners Management Llc holds 211,601 shares with $7.17M value, up from 131,520 last quarter. Genesco now has $467.10 million valuation. The stock declined 2.80% or $0.67 reaching $23.45 on the news. About 264,863 shares traded. Genesco Inc. (NYSE:GCO) has declined 26.87% since October 13, 2016 and is downtrending. It has underperformed by 43.57% the S&P500.

Since June 1, 2017, it had 1 buying transaction, and 0 sales for $49,821 activity. McDermott Kevin Patrick bought 1,340 shares worth $49,821.

Among 12 analysts covering Genesco (NYSE:GCO), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Genesco had 32 analyst reports since July 24, 2015 according to SRatingsIntel. Sterne Agee CRT maintained the shares of GCO in report on Friday, September 4 with “Hold” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, September 13. The company was downgraded on Friday, September 2 by Robert W. Baird. Jefferies maintained the stock with “Hold” rating in Friday, October 2 report. On Friday, October 6 the stock rating was maintained by Robert W. Baird with “Hold”. The firm earned “Equal-Weight” rating on Wednesday, July 20 by Morgan Stanley. Piper Jaffray maintained Genesco Inc. (NYSE:GCO) rating on Thursday, September 3. Piper Jaffray has “Neutral” rating and $67 target. As per Tuesday, April 19, the company rating was downgraded by Sterne Agee CRT. The rating was maintained by Jefferies on Friday, August 18 with “Hold”. The firm earned “Neutral” rating on Friday, July 24 by Macquarie Research.

Investors sentiment decreased to 1.1 in Q2 2017. Its down 0.11, from 1.21 in 2017Q1. It dropped, as 34 investors sold GCO shares while 43 reduced holdings. 30 funds opened positions while 55 raised stakes. 18.53 million shares or 8.73% less from 20.31 million shares in 2017Q1 were reported. State Of Wisconsin Invest Board invested in 0.01% or 127,562 shares. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in Genesco Inc. (NYSE:GCO). Teachers Retirement Systems Of The State Of Kentucky invested in 0% or 7,800 shares. Quantbot Technology Limited Partnership holds 25,364 shares or 0.08% of its portfolio. Lsv Asset, Illinois-based fund reported 30,400 shares. Zebra Limited Liability holds 0.14% or 13,116 shares in its portfolio. 27,571 are held by Great West Life Assurance Co Can. Ameritas Inv Prtn Inc accumulated 1,619 shares or 0% of the stock. Glenmede Trust Com Na holds 0% or 54 shares. Canada Pension Plan Inv Board reported 193,500 shares or 0.01% of all its holdings. Moreover, Assetmark has 0% invested in Genesco Inc. (NYSE:GCO) for 5 shares. Victory Mgmt owns 647,015 shares. Blackrock Inc invested in 2.37 million shares or 0% of the stock. Moreover, Secor Advsr Limited Partnership has 0.05% invested in Genesco Inc. (NYSE:GCO). Voya Mngmt Ltd Liability Corporation accumulated 32,159 shares.

Cooper Creek Partners Management Llc decreased Advanced Drainage Systems (NYSE:WMS) stake by 132,021 shares to 133,055 valued at $2.67M in 2017Q2. It also reduced Everspin Technologies stake by 364,339 shares and now owns 117,486 shares. Model N Inc (NYSE:MODN) was reduced too.

Akoustis Technologies, Inc., formerly Danlax, Corp., is a fabless firm engaged in developing, designing and manufacturing radio frequency filter products for the mobile wireless device industry. The company has market cap of $130.92 million. The Firm operates in the telecommunications and fiber optics sector. It currently has negative earnings. The Firm is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.

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