Los Angeles Capital Management LLC lessened its stake in shares of Citi Trends, Inc. (NASDAQ:CTRN) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,030 shares of the company’s stock after selling 760 shares during the period. Los Angeles Capital Management LLC’s holdings in Citi Trends were worth $995,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new position in shares of Citi Trends during the fourth quarter valued at $22,725,000. New York State Teachers Retirement System bought a new stake in Citi Trends during the 4th quarter valued at about $40,000. Paradigm Capital Management Inc. NY increased its stake in Citi Trends by 5.8% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 366,000 shares of the company’s stock valued at $18,183,000 after purchasing an additional 20,000 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Citi Trends by 100.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 23,729 shares of the company’s stock valued at $593,000 after purchasing an additional 11,870 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Citi Trends by 53.3% during the 3rd quarter. Squarepoint Ops LLC now owns 18,358 shares of the company’s stock valued at $459,000 after purchasing an additional 6,386 shares in the last quarter. 88.82% of the stock is owned by institutional investors.
Shares of CTRN opened at $75.21 on Tuesday. The company has a market capitalization of $762.55 million, a P/E ratio of 53.34 and a beta of 1.64. The firm has a 50 day moving average of $61.53 and a 200 day moving average of $37.69. Citi Trends, Inc. has a twelve month low of $6.70 and a twelve month high of $76.88.
In related news, CEO David N. Makuen purchased 1,000 shares of Citi Trends stock in a transaction dated Wednesday, December 16th. The stock was purchased at an average cost of $43.85 per share, for a total transaction of $43,850.00. Following the completion of the purchase, the chief executive officer now directly owns 15,645 shares of the company’s stock, valued at approximately $686,033.25. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Christina Short sold 2,600 shares of Citi Trends stock in a transaction that occurred on Thursday, December 10th. The stock was sold at an average price of $41.49, for a total transaction of $107,874.00. Following the completion of the sale, the senior vice president now owns 9,544 shares of the company’s stock, valued at $395,980.56. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.
About Citi Trends
Citi Trends, Inc operates as a value-priced retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear for men and women, as well as children, including newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional bedroom, bathroom, and kitchen products, as well as beauty products and toys.
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