Harvest Capital Strategies LLC Has Lifted Its Ascena Retail Group INC (ASNA) Position by $22.12 Million

November 21, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.94 in 2017 Q2. Its down 0.20, from 1.14 in 2017Q1. It turned negative, as 38 investors sold ASNA shares while 42 reduced holdings. 25 funds opened positions while 50 raised stakes. 179.61 million shares or 3.03% less from 185.23 million shares in 2017Q1 were reported. Alliancebernstein Limited Partnership holds 264,268 shares. 1.24 million are owned by California Pub Employees Retirement Sys. Teachers Retirement Sys Of The State Of Kentucky has 0% invested in Ascena Retail Group Inc (NASDAQ:ASNA). Retail Bank Of America De reported 297,182 shares. Millennium Limited Company accumulated 51,610 shares. Bancorp Of Montreal Can reported 2,942 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 4,736 shares or 0% of its portfolio. Amalgamated Natl Bank holds 0% or 24,238 shares. Prudential Financial accumulated 0% or 1.36 million shares. 70,032 are owned by Capstone Asset Mgmt. Vanguard Grp Inc reported 16.63M shares. Nationwide Fund Advisors accumulated 126,330 shares or 0% of the stock. Ubs Asset Mngmt Americas, Illinois-based fund reported 130,373 shares. Hightower Advsr Lc has invested 0.01% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA). Stevens Cap Management Lp has 0% invested in Ascena Retail Group Inc (NASDAQ:ASNA) for 23,285 shares.

Harvest Capital Strategies Llc increased its stake in Ascena Retail Group Inc (ASNA) by 1103.73% based on its latest 2017Q2 regulatory filing with the SEC. Harvest Capital Strategies Llc bought 11.06M shares as the company’s stock declined 59.69% while stock markets rallied. The institutional investor held 12.06M shares of the consumer services company at the end of 2017Q2, valued at $25.93 million, up from 1.00 million at the end of the previous reported quarter. Harvest Capital Strategies Llc who had been investing in Ascena Retail Group Inc for a number of months, seems to be bullish on the $439.06M market cap company. The stock declined 3.03% or $0.07 reaching $2.24 on the news. About 824,556 shares traded. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 70.94% since November 21, 2016 and is downtrending. It has underperformed by 87.64% the S&P500.

Harvest Capital Strategies Llc, which manages about $1.58B and $840.39 million US Long portfolio, decreased its stake in Green Plains Inc (NASDAQ:GPRE) by 420,000 shares to 540,000 shares, valued at $11.10M in 2017Q2, according to the filing. It also reduced its holding in Nuance Communications Inc (NASDAQ:NUAN) by 347,195 shares in the quarter, leaving it with 652,805 shares, and cut its stake in Grand Canyon Education Inc (NASDAQ:LOPE).

Another recent and important Ascena Retail Group Inc (NASDAQ:ASNA) news was published by Businesswire.com which published an article titled: “ascena retail group Honored as a Corporate Game Changer by Women’s Forum of …” on November 14, 2017.

Ascena Retail Group Inc (NASDAQ:ASNA) Ratings Coverage

Among 9 analysts covering Ascena Retail Group (NASDAQ:ASNA), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Ascena Retail Group had 27 analyst reports since September 24, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, September 20. The stock has “Neutral” rating by Goldman Sachs on Thursday, December 15. FBR Capital downgraded it to “Mkt Perform” rating and $7 target in Tuesday, September 20 report. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) earned “Overweight” rating by Piper Jaffray on Wednesday, December 2. The rating was maintained by RBC Capital Markets on Friday, January 15 with “Outperform”. Guggenheim maintained the stock with “” rating in Thursday, September 24 report. The firm has “Neutral” rating given on Thursday, February 11 by Goldman Sachs. KeyBanc Capital Markets maintained Ascena Retail Group Inc (NASDAQ:ASNA) on Wednesday, October 11 with “Hold” rating. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) has “Hold” rating given on Friday, June 9 by Cowen & Co. The rating was maintained by Telsey Advisory Group with “Market Perform” on Tuesday, September 20.

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