Home / Motherhood / Destination Maternity Corporati (NASDAQ:DEST) Experiences Heavier than Average Trading Volume

Destination Maternity Corporati (NASDAQ:DEST) Experiences Heavier than Average Trading Volume

Destination Maternity Corporati shares had a trading volume of 287K on Friday. Overall, volume was up 349.07% over the stocks normal daily volume.

Here are a few additional firms who have increased or decreased their stake in (DEST). Gabelli Co Investment Advisers, Inc. reduced its investment by shedding 17,152 shares a decrease of 16.5% in the quarter. Gabelli Co Investment Advisers, Inc. currently owns 86,548 shares valued at $280,000. The total value of its holdings decreased 36.7%. Gabelli Funds LLC trimmed its holdings by selling 5,000 shares a decrease of 12.8% from 03/31/2017 to 06/30/2017. Gabelli Funds LLC claims 33,940 shares with a value of $110,000. The value of the position overall is down by 33.7%.

Tower Research Capital LLC (trc) expanded its ownership by buying 1,103 shares an increase of 52.3% as of 03/31/2017. Tower Research Capital LLC (trc) now holds 3,214 shares worth $14,000. The value of the position overall is up by 27.3%. As of the end of the quarter Goldman Sachs Group Inc had acquired a total of 442 shares growing its stake by 3.7%. The value of the investment in Destination Maternity Corporati went from $62,000 to $53,000 a change of $9,000 quarter to quarter.

The company is so far trading up by 8.20% since yesterday’s close of $1.22. The stock is trading at $1.32 which is a tad under $3.47, the 50 day moving average and which is marginally lower than the 200 day moving average of $4.26. The 50 day moving average moved down $-2.15 and the 200 day average moved down $-2.94.

Destination Maternity Corporation, formerly Mothers Work, Inc., launched on October 23, 1980, 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. It operates approximately 1,815 retail locations, including over 540 stores in the United States, Canada and Puerto Rico, and approximately 1,280 leased departments located within department stores and baby specialty stores throughout the United States, in Puerto Rico and, in England. The Company sells merchandise on the Internet, primarily through its Motherhood.com, APeaInThePod.com and DestinationMaternity.com Websites. The Company also sells its merchandise through its Canadian Website, MotherhoodCanada.ca, through Amazon.com in the United States, and through Websites of certain of its retail partners. The Company provides maternity apparel to Kohl’s, which operates over 1,100 stores throughout the United States and offers its maternity apparel in a number of its stores. The Company operates its over 540 stores under three retail nameplates: Motherhood Maternity, A Pea in the Pod and Destination Maternity. In addition to its over 540 stores, the Company operates approximately 1,280 maternity apparel departments, which it refers to as leased departments, within retailers, such as Macy’s, buybuy BABY, Boscov’s, Harrods and Century 21. The Company provides maternity apparel in its leased department locations. The Company operates approximately 475 leased departments within Sears stores..