Citi Trends, Inc. (NASDAQ:CTRN) Major Shareholder Buys $987,297.14 in Stock

Citi Trends, Inc. (NASDAQ:CTRNGet Free Report) major shareholder Fund 1 Investments, Llc acquired 31,634 shares of the business’s stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $31.21 per share, for a total transaction of $987,297.14. Following the acquisition, the insider now directly owns 1,470,780 shares in the company, valued at $45,903,043.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund 1 Investments, Llc also recently made the following trade(s):

  • On Thursday, February 29th, Fund 1 Investments, Llc acquired 70,804 shares of Citi Trends stock. The stock was purchased at an average price of $30.51 per share, for a total transaction of $2,160,230.04.
  • On Friday, December 15th, Fund 1 Investments, Llc acquired 2,000 shares of Citi Trends stock. The stock was purchased at an average price of $24.52 per share, for a total transaction of $49,040.00.

Citi Trends Trading Down 1.5 %

CTRN stock traded down $0.48 during trading on Monday, reaching $31.42. The stock had a trading volume of 111,591 shares, compared to its average volume of 63,166. Citi Trends, Inc. has a 1-year low of $14.20 and a 1-year high of $31.95. The company has a market capitalization of $268.33 million, a P/E ratio of -29.09 and a beta of 2.39. The firm has a fifty day moving average price of $28.29 and a 200 day moving average price of $25.10.

Institutional Trading of Citi Trends

Several institutional investors have recently added to or reduced their stakes in CTRN. Divisadero Street Capital Management LP acquired a new stake in Citi Trends in the second quarter valued at $8,590,000. Fund 1 Investments LLC raised its holdings in Citi Trends by 55.6% in the fourth quarter. Fund 1 Investments LLC now owns 1,329,342 shares of the company’s stock valued at $37,594,000 after acquiring an additional 474,736 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Citi Trends by 23.9% in the third quarter. Alliancebernstein L.P. now owns 996,785 shares of the company’s stock valued at $15,460,000 after acquiring an additional 192,407 shares in the last quarter. Vanguard Group Inc. raised its holdings in Citi Trends by 24.2% in the first quarter. Vanguard Group Inc. now owns 636,508 shares of the company’s stock valued at $19,493,000 after acquiring an additional 124,010 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Citi Trends by 47.5% in the third quarter. Jennison Associates LLC now owns 376,278 shares of the company’s stock valued at $8,361,000 after acquiring an additional 121,134 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Citi Trends Company Profile

(Get Free Report)

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.

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Insider Buying and Selling by Quarter for Citi Trends (NASDAQ:CTRN)

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