M&T Bank Corp Has $326000 Position in Ascena Retail Group, Inc. (ASNA)

David Jaffe, chairman, president, and CEO of Ascena Retail Group, Inc., commented, "Many large organizations of our size are leveraging managed services models for operational support functions to create efficiencies and redeploy resources". (NASDAQ:ASNA) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 97.16% of the company's stock. Louisiana State Employees Retirement System boosted its position in shares of Ascena Retail Group by 1.3% in the first quarter. BlueCrest Capital Management Ltd raised its stake in shares of Ascena Retail Group by 196.6% in the first quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer's stock worth $167,000 after buying an additional 26,909 shares in the last quarter. Piedmont Investment Advisors LLC grew its stake by buying 9,958 shares an increase of 5,594.4% in the quarter. Louisiana State Employees Retirement System now owns 69,000 shares of the specialty retailer's stock worth $294,000 after buying an additional 900 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Ascena Retail Group during the fourth quarter worth approximately $165,000. Arizona State Retirement System now owns 88,300 shares of the specialty retailer's stock valued at $376,000 after buying an additional 1,100 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: "M&T Bank Corp Has $326,000 Position in Ascena Retail Group, Inc". (NASDAQ:ASNA) traded down 2.21% on Friday, hitting $2.21.

About 81,218 shares traded. Cowen and Company reiterated a "market perform" rating and issued a $2.00 target price (down from $6.00) on shares of Ascena Retail Group in a report on Sunday, June 11th. The Return on Investment (ROI) ratio of Ascena Retail Group Inc.

The share price of the company (NASDAQ:ASNA) was down -2.21% during the last trading session, with a high of 2.31 and the volume of Ascena Retail Group, Inc. shares traded was 1248836. The specialty retailer reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%.

Ascena Retail Grp Cmn (NASDAQ:ASNA)'s revenue estimates for the current quarter are $1.58 Billion according to 5 number of analysts, for the current quarter the company has high revenue estimates of $1.62 Billion in contradiction of low revenue estimates of $1.53 Billion. Next quarter's EPS is forecasted at $0.21 and the next full year EPS is projected to be $0.24.

Quarterly Revenue growth year over year is -6.2 Percent. Blackrock Inc. owns $47.58 million in Ascena Retail Group, Inc., which represents roughly 10.47% of the company's market cap and approximately 10.79% of the institutional ownership.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Stock Observer and is the property of of Stock Observer. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and global copyright laws. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/16/hightower-advisors-llc-invests-1-36-million-in-ascena-retail-group-inc-asna-updated.html. RBC Capital Markets maintained Ascena Retail Group Inc (NASDAQ:ASNA) rating on Monday, January 18. ValuEngine lowered Ascena Retail Group from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. Finally, Telsey Advisory Group reduced their price target on shares of Ascena Retail Group from $6.00 to $3.00 and set a "market perform" rating on the stock in a research report on Thursday, May 18th.

Several research analysts have weighed in on the stock. On February 11 the stock rating was upgraded from "Sell" to "Neutral" by Goldman Sachs.

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