Glenhill Advisors Holding in Destination Xl Group (DXLG) Has Upped by $2.60 Million as Stock Declined; Kornitzer Capital Management Stake in Align Technology (ALGN) Has Lowered as Share Price Rose

May 5, 2018 - By Hazel Jackson

Destination XL Group, Inc. (NASDAQ:DXLG) Logo

Glenn J. Krevlin increased its stake in Destination Xl Group Inc (DXLG) by 26.7% based on its latest 2017Q4 regulatory filing with the SEC. Glenhill Advisors Llc bought 1.30 million shares as the company’s stock declined 7.14% with the market. The hedge fund run by Glenn J. Krevlin held 6.16M shares of the consumer services company at the end of 2017Q4, valued at $13.56M, up from 4.86M 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 bullish on the $77.96M market cap company. It closed at $1.6 lastly. It is down 18.75% since May 5, 2017 and is downtrending. It has underperformed by 30.30% the S&P500.

Kornitzer Capital Management Inc decreased its stake in Align Technology Inc (ALGN) by 28.41% based on its latest 2017Q4 regulatory filing with the SEC. Kornitzer Capital Management Inc sold 75,445 shares as the company’s stock rose 11.29% while stock markets declined. The institutional investor held 190,079 shares of the health care company at the end of 2017Q4, valued at $42.23 million, down from 265,524 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $20.76 billion market cap company. The stock increased 1.50% or $3.83 during the last trading session, reaching $258.97. About 973,914 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 117.77% since May 5, 2017 and is uptrending. It has outperformed by 106.22% the S&P500.

Investors sentiment is 0.93 in Q4 2017. Its the same as in 2017Q3. It is the same, as 37 investors sold ALGN shares while 216 reduced holdings. only 100 funds opened positions while 136 raised stakes. 60.90 million shares or 3.22% less from 62.92 million shares in 2017Q3 were reported. Conning invested in 0.01% or 1,140 shares. Jennison Lc has invested 0.08% in Align Technology, Inc. (NASDAQ:ALGN). Moreover, Nordea Inv Ab has 0% invested in Align Technology, Inc. (NASDAQ:ALGN) for 3,915 shares. Korea Invest invested 0.13% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Wealth Enhancement Advisory Ltd Liability Corporation reported 8,011 shares. 66 were accumulated by Perigon Wealth Management. Morgan Stanley stated it has 0.05% in Align Technology, Inc. (NASDAQ:ALGN). Wells Fargo & Com Mn stated it has 683,498 shares or 0.04% of all its holdings. Thrivent Fincl For Lutherans reported 43,876 shares. 10,639 are owned by Mutual Of America Management Limited Liability Com. 1,742 are owned by Hbk Sorce Advisory Ltd Limited Liability Company. Illinois-based Blair William And Company Il has invested 0.37% in Align Technology, Inc. (NASDAQ:ALGN). Regions Financial has invested 0.01% in Align Technology, Inc. (NASDAQ:ALGN). Ballentine reported 0.01% in Align Technology, Inc. (NASDAQ:ALGN). Victory Cap Mgmt reported 0.31% stake.

Among 15 analysts covering Align Technology (NASDAQ:ALGN), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Align Technology had 62 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, September 11 by Leerink Swann. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Stifel Nicolaus on Monday, October 23. The rating was maintained by Piper Jaffray on Thursday, July 27 with “Buy”. The stock has “Buy” rating by Credit Suisse on Thursday, November 9. Credit Suisse downgraded the shares of ALGN in report on Wednesday, July 12 to “Hold” rating. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Robert W. Baird on Friday, October 27. Roth Capital maintained Align Technology, Inc. (NASDAQ:ALGN) on Wednesday, March 23 with “Buy” rating. The firm has “Buy” rating by Roth Capital given on Friday, July 28. As per Monday, September 11, the company rating was maintained by Robert W. Baird. The rating was maintained by Barclays Capital on Thursday, April 26 with “Overweight”.

More notable recent Align Technology, Inc. (NASDAQ:ALGN) news were published by: Investorplace.com which released: “Align Technology Inc Keeps on Rising After Earnings” on May 01, 2018, also Benzinga.com with their article: “Align Tech Faces Slowing Growth, Potential Headwinds, Morgan Stanley Says In Downgrade” published on April 20, 2018, Investorplace.com published: “Morgan Stanley Is Right to Worry About Align Technology, Inc. (ALGN) Stock” on April 24, 2018. More interesting news about Align Technology, Inc. (NASDAQ:ALGN) were released by: Gurufocus.com and their article: “Wall Street Mixed Friday” published on May 04, 2018 as well as Nasdaq.com‘s news article titled: “Align Technology Opens Invisalign® Treatment Planning and Training Facility in Germany” with publication date: May 04, 2018.

Kornitzer Capital Management Inc, which manages about $11.35B and $5.88 billion US Long portfolio, upped its stake in Hexcel Corp (NYSE:HXL) by 21,605 shares to 391,534 shares, valued at $24.22M in 2017Q4, according to the filing. It also increased its holding in O’reilly Automotive Inc (NASDAQ:ORLY) by 1,700 shares in the quarter, for a total of 8,400 shares, and has risen its stake in Carnival Corp Class A Paired S (NYSE:CCL).

Since February 2, 2018, it had 1 insider purchase, and 2 sales for $32.28 million activity. Shares for $20.73 million were sold by PRESCOTT THOMAS M. 45,780 shares were sold by Wright Emory, worth $11.91 million on Friday, February 2.

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. The stock of Destination XL Group, Inc. (NASDAQ:DXLG) earned “Hold” rating by Zacks on Monday, August 31. On Sunday, August 30 the stock rating was maintained by Sterne Agee CRT with “Buy”. Brean Capital maintained Destination XL Group, Inc. (NASDAQ:DXLG) on Friday, August 28 with “Buy” rating. The rating was maintained by Brean Capital on Thursday, August 20 with “Buy”. The stock has “Buy” rating by Wunderlich on Tuesday, August 2.

More news for Destination XL Group, Inc. (NASDAQ:DXLG) were recently published by: Seekingalpha.com, which released: “Investors sort through the retail bargain bin” on April 10, 2018. Valuewalk.com‘s article titled: “Zosano Pharma (ZSA) gets new 8.35% investor; Cascade Investment reduces stake in Berkshire Hathaway (BRK.B)” and published on April 08, 2018 is yet another important article.

Glenhill Advisors Llc, which manages about $1.36B US Long portfolio, decreased its stake in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 349,578 shares to 820,412 shares, valued at $7.63M in 2017Q4, according to the filing. It also reduced its holding in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 43,334 shares in the quarter, leaving it with 1.42 million shares, and cut its stake in Viavi Solutions Inc.

Align Technology, Inc. (NASDAQ:ALGN) Institutional Positions Chart

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