Glenmede Trust Co. NA raised its position in shares of Destination Maternity Corp. (NASDAQ:DEST) by 3,448.3% during the second quarter, Holdings Channel reports. The fund owned 20,580 shares of the company’s stock after buying an additional 20,000 shares during the period. Glenmede Trust Co. NA owned approximately 0.15% of Destination Maternity Corp. worth $120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Barton Investment Management acquired a new position in Destination Maternity Corp. during the second quarter worth approximately $105,000. Bank of New York Mellon Corp raised its position in Destination Maternity Corp. by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 20,682 shares of the company’s stock worth $122,000 after buying an additional 2,809 shares during the last quarter. Diker Management LLC acquired a new position in Destination Maternity Corp. during the first quarter worth approximately $187,000. Emerald Acquisition Ltd. acquired a new position in Destination Maternity Corp. during the second quarter worth approximately $198,000. Finally, Goldman Sachs Group Inc. raised its position in Destination Maternity Corp. by 70.4% in the first quarter. Goldman Sachs Group Inc. now owns 39,300 shares of the company’s stock worth $269,000 after buying an additional 16,242 shares during the last quarter. 73.63% of the stock is owned by institutional investors and hedge funds.

Destination Maternity Corp. (NASDAQ:DEST) traded down 3.70% on Friday, hitting $4.95. The company’s stock had a trading volume of 229,358 shares. The firm’s market cap is $69.36 million. The firm has a 50 day moving average of $5.78 and a 200 day moving average of $6.57. Destination Maternity Corp. has a 12 month low of $4.90 and a 12 month high of $10.28.

Destination Maternity Corp. (NASDAQ:DEST) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $119.30 million. Destination Maternity Corp. had a negative net margin of 0.60% and a positive return on equity of 0.35%. Equities research analysts forecast that Destination Maternity Corp. will post $1.17 earnings per share for the current fiscal year.

Separately, TheStreet lowered Destination Maternity Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 10th.

Destination Maternity Corp. Company Profile

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.

5 Day Chart for NASDAQ:DEST

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