Rhumbline Advisers cut its holdings in Ascena Retail Group Inc (NASDAQ:ASNA) by 53.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,331 shares of the specialty retailer’s stock after selling 315,180 shares during the period. Rhumbline Advisers’ holdings in Ascena Retail Group were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. CSat Investment Advisory L.P. increased its position in Ascena Retail Group by 170.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 277,062 shares of the specialty retailer’s stock valued at $169,000 after buying an additional 174,646 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Ascena Retail Group by 27.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 205,427 shares of the specialty retailer’s stock valued at $125,000 after buying an additional 43,705 shares in the last quarter. Morgan Stanley increased its position in Ascena Retail Group by 157.3% in the 2nd quarter. Morgan Stanley now owns 836,443 shares of the specialty retailer’s stock valued at $510,000 after buying an additional 511,404 shares in the last quarter. Paloma Partners Management Co bought a new stake in Ascena Retail Group in the 2nd quarter valued at about $65,000. Finally, Invesco Ltd. increased its position in Ascena Retail Group by 190.1% in the 2nd quarter. Invesco Ltd. now owns 5,661,002 shares of the specialty retailer’s stock valued at $3,453,000 after buying an additional 3,709,522 shares in the last quarter. 88.58% of the stock is owned by hedge funds and other institutional investors.
Shares of ASNA stock opened at $0.36 on Tuesday. The company’s fifty day simple moving average is $0.40 and its two-hundred day simple moving average is $0.54. The company has a debt-to-equity ratio of 8.86, a current ratio of 1.45 and a quick ratio of 0.76. Ascena Retail Group Inc has a 1 year low of $0.20 and a 1 year high of $3.63. The stock has a market capitalization of $63.78 million, a price-to-earnings ratio of -0.37 and a beta of 1.08.
Separately, ValuEngine upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $1.64.
Ascena Retail Group Company Profile
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.
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