Destination Maternity Corporation (NASDAQ:DEST) Position Reduced by Renaissance Technologies LLC
Renaissance Technologies LLC reduced its position in shares of Destination Maternity Corporation (NASDAQ:DEST) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 754,800 shares of the company’s stock after selling 26,600 shares during the period. Renaissance Technologies LLC owned about 0.05% of Destination Maternity Corporation worth $3,215,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its position in Destination Maternity Corporation by 14.7% in the first quarter. Gabelli Funds LLC now owns 38,940 shares of the company’s stock worth $166,000 after buying an additional 5,000 shares during the last quarter. S. Muoio & CO. LLC purchased a new position in Destination Maternity Corporation during the first quarter worth $695,000. Finally, Sanders Morris Harris Inc. purchased a new position in Destination Maternity Corporation during the first quarter worth $751,000. 54.16% of the stock is owned by institutional investors.
Destination Maternity Corporation (NASDAQ DEST) traded down 4.05% on Friday, reaching $1.42. 330,343 shares of the company’s stock were exchanged. Destination Maternity Corporation has a 1-year low of $1.20 and a 1-year high of $8.42. The firm has a 50-day moving average price of $2.72 and a 200-day moving average price of $4.06. The company’s market capitalization is $19.86 million.
Destination Maternity Corporation (NASDAQ:DEST) last released its earnings results on Thursday, June 8th. The company reported ($0.05) EPS for the quarter. Destination Maternity Corporation had a negative return on equity of 9.15% and a negative net margin of 9.13%. The firm had revenue of $106.43 million during the quarter. Equities research analysts expect that Destination Maternity Corporation will post $1.17 earnings per share for the current year.
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About Destination Maternity Corporation
Destination Maternity Corporation, formerly Mothers Work, Inc is a designer and retailer of maternity apparel in the United States. The Company operates a chain of maternity apparel specialty stores. The Company operates through the design, manufacture, and sale of maternity apparel and related accessories segment.
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