Healthcare of Ontario Pension Plan Trust Fund Makes New $2.94 Million Investment in Destination XL Group, Inc. (NASDAQ:DXLG)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Destination XL Group, Inc. (NASDAQ:DXLG - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,000,000 shares of the company's stock, valued at approximately $2,940,000. Healthcare of Ontario Pension Plan Trust Fund owned about 1.72% of Destination XL Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in Destination XL Group in the 3rd quarter worth about $38,000. Los Angeles Capital Management LLC increased its holdings in Destination XL Group by 7.7% in the third quarter. Los Angeles Capital Management LLC now owns 88,626 shares of the company's stock worth $261,000 after buying an additional 6,300 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Destination XL Group during the third quarter valued at approximately $327,000. Bank of New York Mellon Corp lifted its stake in Destination XL Group by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 352,282 shares of the company's stock valued at $1,282,000 after acquiring an additional 23,835 shares during the last quarter. Finally, Long Focus Capital Management LLC grew its position in Destination XL Group by 19.0% in the second quarter. Long Focus Capital Management LLC now owns 438,042 shares of the company's stock worth $1,594,000 after acquiring an additional 70,000 shares in the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

Destination XL Group Stock Up 2.6 %

DXLG stock traded up $0.06 during midday trading on Friday, hitting $2.41. 167,841 shares of the company traded hands, compared to its average volume of 278,276. Destination XL Group, Inc. has a twelve month low of $2.19 and a twelve month high of $4.76. The stock has a market capitalization of $130.89 million, a price-to-earnings ratio of 16.07 and a beta of 1.32. The business has a 50 day simple moving average of $2.75 and a 200-day simple moving average of $3.10.

Destination XL Group (NASDAQ:DXLG - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.05). Destination XL Group had a net margin of 1.98% and a return on equity of 7.21%. The firm had revenue of $124.82 million during the quarter.

Analyst Upgrades and Downgrades

DXLG has been the subject of several analyst reports. DA Davidson reduced their price objective on shares of Destination XL Group from $6.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, August 30th. StockNews.com lowered Destination XL Group from a "buy" rating to a "hold" rating in a report on Friday, October 4th.

Destination XL Group Profile

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States. The company's stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.