Destination Xl Group (DXLG) Holder Glenhill Advisors Cut Stake; As Patrick Inds (PATK) Market Value Declined, Pnc Financial Services Group Decreased Its Stake

January 17, 2018 - By Ellis Scott

Glenn J. Krevlin decreased its stake in Destination Xl Group Inc (DXLG) by 11.34% based on its latest 2017Q3 regulatory filing with the SEC. Glenhill Advisors Llc sold 622,418 shares as the company’s stock declined 28.36% while stock markets rallied. The hedge fund run by Glenn J. Krevlin held 4.86 million shares of the consumer services company at the end of 2017Q3, valued at $9.24M, down from 5.49M at the end of the previous reported quarter. Glenhill Advisors Llc who had been investing in Destination Xl Group Inc for a number of months, seems to be less bullish one the $117.94M market cap company. The stock increased 1.04% or $0.02 during the last trading session, reaching $2.42. About 24,025 shares traded. Destination XL Group, Inc. (NASDAQ:DXLG) has declined 46.67% since January 17, 2017 and is downtrending. It has underperformed by 63.37% the S&P500.

Pnc Financial Services Group Inc decreased its stake in Patrick Inds Inc (PATK) by 30.04% based on its latest 2017Q3 regulatory filing with the SEC. Pnc Financial Services Group Inc sold 183,946 shares as the company’s stock declined 14.81% while stock markets rallied. The institutional investor held 428,425 shares of the basic industries company at the end of 2017Q3, valued at $36.03M, down from 612,371 at the end of the previous reported quarter. Pnc Financial Services Group Inc who had been investing in Patrick Inds Inc for a number of months, seems to be less bullish one the $1.67B market cap company. The stock decreased 0.97% or $0.65 during the last trading session, reaching $66.05. About 175,175 shares traded or 49.48% up from the average. Patrick Industries, Inc. (NASDAQ:PATK) has risen 37.12% since January 17, 2017 and is uptrending. It has outperformed by 20.42% the S&P500.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.24, from 1.27 in 2017Q2. It worsened, as 10 investors sold PATK shares while 62 reduced holdings. 21 funds opened positions while 53 raised stakes. 14.87 million shares or 0.36% less from 14.92 million shares in 2017Q2 were reported. Fifth Third Savings Bank reported 0% stake. Guggenheim Lc stated it has 0.01% in Patrick Industries, Inc. (NASDAQ:PATK). Pnc Fin Gru holds 428,425 shares. 1St Source Financial Bank holds 0.16% or 22,876 shares in its portfolio. New Jersey Better Educational Savings Trust reported 7,000 shares. Comerica Bancorporation has invested 0.01% in Patrick Industries, Inc. (NASDAQ:PATK). Nbw Capital Ltd accumulated 45,368 shares. Texas Permanent School Fund holds 0.01% or 11,623 shares in its portfolio. Moreover, Alps Advisors Inc has 0% invested in Patrick Industries, Inc. (NASDAQ:PATK). Goldman Sachs Grp Inc Inc invested 0.01% in Patrick Industries, Inc. (NASDAQ:PATK). State Of Alaska Department Of Revenue has 3,152 shares for 0.01% of their portfolio. Renaissance Tech Ltd Liability Com owns 4,201 shares for 0% of their portfolio. Parkside National Bank & Trust And Tru holds 0% or 6 shares in its portfolio. Driehaus Cap Mgmt Lc holds 0.29% or 87,958 shares in its portfolio. 37,696 are held by Putnam Investments Ltd Liability Company.

Pnc Financial Services Group Inc, which manages about $96.29B US Long portfolio, upped its stake in Target Corp (NYSE:TGT) by 11,069 shares to 1.03M shares, valued at $61.07 million in 2017Q3, according to the filing. It also increased its holding in Pulte Group Inc (NYSE:PHM) by 29,574 shares in the quarter, for a total of 47,291 shares, and has risen its stake in Hewlett Packard Enterprise C.

Analysts await Patrick Industries, Inc. (NASDAQ:PATK) to report earnings on February, 15. They expect $0.73 EPS, up 23.73% or $0.14 from last year’s $0.59 per share. PATK’s profit will be $18.42M for 22.62 P/E if the $0.73 EPS becomes a reality. After $0.72 actual EPS reported by Patrick Industries, Inc. for the previous quarter, Wall Street now forecasts 1.39% EPS growth.

Among 6 analysts covering Patrick Industries (NASDAQ:PATK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Patrick Industries had 8 analyst reports since March 31, 2016 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Friday, December 22 with “Buy”. The firm earned “Buy” rating on Wednesday, August 17 by CL King. The firm has “Hold” rating by Wells Fargo given on Thursday, December 14. The firm earned “Neutral” rating on Thursday, March 31 by CL King. Bank of America maintained the shares of PATK in report on Tuesday, October 24 with “Buy” rating. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, August 30 report. The firm has “Buy” rating given on Thursday, June 16 by Sidoti.

Since August 10, 2017, it had 0 buys, and 17 sales for $13.43 million activity. 7,000 Patrick Industries, Inc. (NASDAQ:PATK) shares with value of $585,050 were sold by NEMETH ANDY L. 26,058 shares were sold by GENDELL JEFFREY L ET AL, worth $2.23M on Monday, October 2. Kitson Michael A had sold 2,584 shares worth $172,370 on Wednesday, December 13. 5,000 Patrick Industries, Inc. (NASDAQ:PATK) shares with value of $375,000 were sold by HASSLER PAUL E. Another trade for 1,000 shares valued at $65,800 was made by Forbes John A on Thursday, December 14. On Wednesday, September 6 Boone Joshua A sold $37,960 worth of Patrick Industries, Inc. (NASDAQ:PATK) or 520 shares.

Among 2 analysts covering Destination XL Group (NASDAQ:DXLG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Destination XL Group had 6 analyst reports since August 20, 2015 according to SRatingsIntel. On Sunday, August 30 the stock rating was maintained by Sterne Agee CRT with “Buy”. On Monday, August 31 the stock rating was upgraded by Zacks to “Hold”. Brean Capital maintained the shares of DXLG in report on Friday, August 28 with “Buy” rating. The firm earned “Buy” rating on Thursday, August 20 by Brean Capital. On Tuesday, August 2 the stock rating was initiated by Wunderlich with “Buy”.

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