Bridgeway Capital Management Inc. grew its holdings in Destination Maternity Corp (NASDAQ:DEST) by 68.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,500 shares of the company’s stock after purchasing an additional 75,700 shares during the period. Bridgeway Capital Management Inc. owned approximately 1.27% of Destination Maternity worth $864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DEST. EAM Investors LLC purchased a new stake in shares of Destination Maternity in the second quarter valued at $785,000. Dimensional Fund Advisors LP increased its stake in shares of Destination Maternity by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 384,340 shares of the company’s stock worth $2,237,000 after acquiring an additional 16,516 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Destination Maternity by 2.3% in the second quarter. Renaissance Technologies LLC now owns 745,800 shares of the company’s stock worth $4,341,000 after acquiring an additional 16,700 shares during the last quarter. Tenzing Global Management LLC acquired a new position in shares of Destination Maternity in the second quarter worth $1,630,000. Finally, Palo Capital Inc. acquired a new position in shares of Destination Maternity in the third quarter worth $355,000. Institutional investors own 37.68% of the company’s stock.

NASDAQ DEST opened at $3.83 on Friday. Destination Maternity Corp has a 1-year low of $1.88 and a 1-year high of $6.84. The company has a quick ratio of 0.27, a current ratio of 1.24 and a debt-to-equity ratio of 0.64.

Destination Maternity (NASDAQ:DEST) last posted its quarterly earnings results on Monday, September 10th. The company reported ($0.11) earnings per share for the quarter. Destination Maternity had a negative return on equity of 19.45% and a negative net margin of 5.36%. The company had revenue of $96.40 million during the quarter.

Separately, ValuEngine downgraded shares of Destination Maternity from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th.

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Destination Maternity Profile

Destination Maternity Corporation designs and retails maternity apparel. As of February 3, 2018, the company operated 1,124 retail locations, including 487 stores in the United States, Canada, and Puerto Rico under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity names; and 637 leased department locations in the United States and Puerto Rico.

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Institutional Ownership by Quarter for Destination Maternity (NASDAQ:DEST)

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