Destination Maternity (DEST) Reaches $2.16 After 8.00% Down Move; Lakewood Capital Management LP Has Lowered By $2.16 Million Its Group 1 Automotive (GPI) Holding

February 13, 2018 - By John Mackenzie

Lakewood Capital Management Lp decreased Group 1 Automotive Inc (GPI) stake by 33.62% reported in 2017Q3 SEC filing. Lakewood Capital Management Lp sold 30,000 shares as Group 1 Automotive Inc (GPI)’s stock declined 20.50%. The Lakewood Capital Management Lp holds 59,225 shares with $4.29M value, down from 89,225 last quarter. Group 1 Automotive Inc now has $1.51 billion valuation. The stock decreased 3.49% or $2.72 during the last trading session, reaching $75.11. About 216,694 shares traded. Group 1 Automotive, Inc. (NYSE:GPI) has risen 10.14% since February 13, 2017 and is uptrending. It has underperformed by 6.56% the S&P500.

The stock of Destination Maternity Corporation (NASDAQ:DEST) is a huge mover today! The stock decreased 5.68% or $0.13 during the last trading session, reaching $2.16. About 58,432 shares traded. Destination Maternity Corporation (NASDAQ:DEST) has declined 39.97% since February 13, 2017 and is downtrending. It has underperformed by 56.67% the S&P500.The move comes after 6 months negative chart setup for the $31.56 million company. It was reported on Feb, 13 by Barchart.com. We have $1.99 PT which if reached, will make NASDAQ:DEST worth $2.52 million less.

Among 13 analysts covering Group 1 Automotive (NYSE:GPI), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Group 1 Automotive had 21 analyst reports since September 17, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Group 1 Automotive, Inc. (NYSE:GPI) on Thursday, August 31 with “Hold” rating. The stock has “Buy” rating by Bank of America on Friday, February 9. On Thursday, September 7 the stock rating was upgraded by Goldman Sachs to “Hold”. The stock of Group 1 Automotive, Inc. (NYSE:GPI) earned “Equal-Weight” rating by Stephens on Wednesday, October 28. The firm has “Hold” rating given on Tuesday, October 3 by KeyBanc Capital Markets. The rating was upgraded by Buckingham Research to “Buy” on Wednesday, July 20. Stephens maintained it with “Hold” rating and $98.0 target in Friday, February 9 report. As per Monday, November 13, the company rating was maintained by KeyBanc Capital Markets. The rating was upgraded by Sidoti to “Buy” on Thursday, September 17. The rating was downgraded by Buckingham Research on Monday, November 13 to “Neutral”.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.17, from 0.82 in 2017Q2. It improved, as 25 investors sold GPI shares while 53 reduced holdings. 28 funds opened positions while 49 raised stakes. 20.26 million shares or 2.16% more from 19.83 million shares in 2017Q2 were reported. Adage Cap Prtn Gp Ltd Liability Corp owns 748,422 shares. Globeflex Capital LP has 22,234 shares for 0.46% of their portfolio. Tiaa Cref Investment Ltd Co reported 0% in Group 1 Automotive, Inc. (NYSE:GPI). Dimensional Fund LP holds 0.06% or 1.80 million shares in its portfolio. Rr Partners Limited Partnership reported 1.18% stake. Ironwood Invest Limited Liability Com reported 22,220 shares. Rhumbline Advisers owns 0.01% invested in Group 1 Automotive, Inc. (NYSE:GPI) for 45,225 shares. 512 were reported by Clearbridge Invs Limited Liability. Next Financial Grp has 50 shares. Palisade Capital Mngmt Ltd Nj invested in 0.45% or 172,552 shares. Eminence Lp reported 1.64M shares or 1.92% of all its holdings. Capital Advisers Ltd Liability Co has invested 0% in Group 1 Automotive, Inc. (NYSE:GPI). Scopus Asset Management Ltd Partnership owns 373,942 shares or 0.28% of their US portfolio. Abrams Capital Ltd Partnership, Massachusetts-based fund reported 250,471 shares. Jennison Assoc Lc holds 0% or 28,932 shares in its portfolio.

Lakewood Capital Management Lp increased Hca Healthcare Inc (NYSE:HCA) stake by 193,000 shares to 2.08 million valued at $165.31M in 2017Q3. It also upped Westrock Co stake by 330,000 shares and now owns 2.02 million shares. Realogy Hldgs Corp (NYSE:RLGY) was raised too.

Since September 21, 2017, it had 0 insider buys, and 10 sales for $16.32 million activity. Rickel John C sold $1.60M worth of stock. STRANGE J TERRY had sold 5,000 shares worth $401,362. 6,700 shares were sold by Kenningham Daryl, worth $527,143. HESTERBERG EARL J sold $3.14 million worth of Group 1 Automotive, Inc. (NYSE:GPI) on Monday, January 8. Burman Darryl M also sold $797,441 worth of Group 1 Automotive, Inc. (NYSE:GPI) on Friday, October 27.

Since August 15, 2017, it had 0 insider purchases, and 1 insider sale for $3,328 activity. The insider TOWLE & CO sold 565,159 shares worth $782,537. The insider Courtright David L sold $3,328.

Destination Maternity Corporation designs and retails maternity apparel. The company has market cap of $31.56 million. As of January 28, 2017, the firm operated 1,220 retail locations, including 515 stores in the United States, Canada, and Puerto Rico under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity names; and 705 leased department locations in the United States and Puerto Rico. It currently has negative earnings. It also operated 213 international franchised locations comprising 19 stand-alone stores in the Middle East, South Korea, Mexico, Israel, and India; and 194 shop-in-shop locations in South Korea, Mexico, Israel, and India.

Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.06, from 0.89 in 2017Q2. It is positive, as 10 investors sold Destination Maternity Corporation shares while 9 reduced holdings. 7 funds opened positions while 11 raised stakes. 4.53 million shares or 34.62% less from 6.92 million shares in 2017Q2 were reported. Bridgeway Incorporated has 0% invested in Destination Maternity Corporation (NASDAQ:DEST). Dimensional Fund Advsr Limited Partnership stated it has 207,166 shares or 0% of all its holdings. Geode Capital Ltd stated it has 0% of its portfolio in Destination Maternity Corporation (NASDAQ:DEST). Morgan Stanley accumulated 5,875 shares. Northern Trust has 0% invested in Destination Maternity Corporation (NASDAQ:DEST) for 33,827 shares. Royal Comml Bank Of Canada stated it has 0% in Destination Maternity Corporation (NASDAQ:DEST). The New York-based Prelude Capital Mgmt Ltd has invested 0% in Destination Maternity Corporation (NASDAQ:DEST). Bancorporation Of America De owns 200 shares or 0% of their US portfolio. Art Advisors Limited Liability Company reported 0% stake. Glenmede Na invested in 0% or 580 shares. Gabelli Funds Ltd Liability reported 32,740 shares stake. Blackrock holds 0% or 275,622 shares in its portfolio. Gsa Capital Ptnrs Limited Liability Partnership has invested 0.01% in Destination Maternity Corporation (NASDAQ:DEST). Moors & Cabot accumulated 117,790 shares or 0.03% of the stock. Moreover, Bank Of Mellon Corp has 0% invested in Destination Maternity Corporation (NASDAQ:DEST) for 12,659 shares.

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