New York & Company, Inc. (NWY) Position Raised by Acadian Asset Management LLC

Acadian Asset Management LLC increased its holdings in New York & Company, Inc. (NYSE:NWY) by 59.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 781,354 shares of the specialty retailer’s stock after buying an additional 291,791 shares during the period. Acadian Asset Management LLC owned 1.21% of New York & Company, Inc. worth $3,019,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of New York & Company, Inc. by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,587,647 shares of the specialty retailer’s stock worth $13,249,000 after buying an additional 96,385 shares in the last quarter. BlackRock Inc. raised its position in shares of New York & Company, Inc. by 197.5% in the second quarter. BlackRock Inc. now owns 2,089,675 shares of the specialty retailer’s stock worth $10,698,000 after buying an additional 1,387,244 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of New York & Company, Inc. by 57.1% in the second quarter. Renaissance Technologies LLC now owns 1,950,950 shares of the specialty retailer’s stock worth $9,989,000 after buying an additional 708,850 shares in the last quarter. Royce & Associates LP raised its position in shares of New York & Company, Inc. by 256.6% in the second quarter. Royce & Associates LP now owns 844,383 shares of the specialty retailer’s stock worth $4,323,000 after buying an additional 607,583 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of New York & Company, Inc. by 2,019.5% in the first quarter. Millennium Management LLC now owns 460,886 shares of the specialty retailer’s stock worth $1,558,000 after buying an additional 439,141 shares in the last quarter. Institutional investors own 38.80% of the company’s stock.

A number of brokerages recently issued reports on NWY. ValuEngine downgraded New York & Company, Inc. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. TheStreet raised New York & Company, Inc. from a “c+” rating to a “b-” rating in a research note on Wednesday, August 15th.

NWY opened at $4.20 on Friday. The firm has a market capitalization of $261.27 million, a P/E ratio of 41.30 and a beta of 1.16. New York & Company, Inc. has a 52 week low of $1.77 and a 52 week high of $5.55.

New York & Company, Inc. (NYSE:NWY) last released its earnings results on Thursday, August 23rd. The specialty retailer reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03. The business had revenue of $216.37 million for the quarter, compared to analysts’ expectations of $216.61 million. New York & Company, Inc. had a return on equity of 15.71% and a net margin of 1.21%. On average, equities analysts forecast that New York & Company, Inc. will post 0.2 EPS for the current year.

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New York & Company, Inc. Profile

New York & Company, Inc operates as a specialty retailer of women's fashion apparel and accessories in the United States. It offers a merchandise assortment, including wear-to-work, casual apparel, and accessories comprising pants, dresses, jackets, knit tops, blouses, sweaters, denims, T-shirts, active wear, handbags, jewelry, and shoes under the New York & Company, NY&C, NY Style, Soho New York & Company Jeans, Lerner, Lerner New York, and Fashion to Figure brand names for women between the ages of 25 and 49.

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Institutional Ownership by Quarter for New York & Company, Inc. (NYSE:NWY)

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