Meeder Asset Management Inc. grew its stake in Citi Trends, Inc. (NASDAQ:CTRN) by 5,948.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,508 shares of the company’s stock after acquiring an additional 3,450 shares during the quarter. Meeder Asset Management Inc.’s holdings in Citi Trends were worth $69,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in CTRN. BlackRock Inc. grew its position in Citi Trends by 1.9% during the 4th quarter. BlackRock Inc. now owns 1,146,882 shares of the company’s stock worth $23,384,000 after acquiring an additional 21,027 shares during the last quarter. AQR Capital Management LLC grew its position in Citi Trends by 3.6% during the 3rd quarter. AQR Capital Management LLC now owns 550,471 shares of the company’s stock worth $15,837,000 after acquiring an additional 19,258 shares during the last quarter. LSV Asset Management grew its position in Citi Trends by 20.2% during the 4th quarter. LSV Asset Management now owns 205,000 shares of the company’s stock worth $4,179,000 after acquiring an additional 34,400 shares during the last quarter. Garnet Equity Capital Holdings Inc. grew its position in Citi Trends by 67.6% during the 1st quarter. Garnet Equity Capital Holdings Inc. now owns 198,300 shares of the company’s stock worth $3,829,000 after acquiring an additional 80,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Citi Trends by 20.6% during the 4th quarter. Geode Capital Management LLC now owns 186,449 shares of the company’s stock worth $3,801,000 after acquiring an additional 31,850 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.
CTRN stock opened at $18.97 on Monday. The firm has a market capitalization of $230.16 million, a PE ratio of 11.57 and a beta of 0.45. Citi Trends, Inc. has a twelve month low of $17.78 and a twelve month high of $34.90.
CTRN has been the topic of a number of research analyst reports. BidaskClub upgraded Citi Trends from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Sidoti initiated coverage on Citi Trends in a research report on Friday, February 22nd. They set a “buy” rating and a $28.00 price target on the stock. Finally, ValuEngine lowered Citi Trends from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd.
In other news, SVP Christina Short sold 2,000 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $19.34, for a total value of $38,680.00. Following the transaction, the senior vice president now owns 9,324 shares of the company’s stock, valued at approximately $180,326.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.41% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Meeder Asset Management Inc. Has $69,000 Stake in Citi Trends, Inc. (CTRN)” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://sportsperspectives.com/2019/04/29/meeder-asset-management-inc-has-69000-stake-in-citi-trends-inc-ctrn.html.
About Citi Trends
Citi Trends, Inc operates as a value-priced retailer of urban fashion apparel and accessories. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.
Featured Story: Closed-End Mutual Funds
Want to see what other hedge funds are holding CTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citi Trends, Inc. (NASDAQ:CTRN).
Receive News & Ratings for Citi Trends Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citi Trends and related companies with MarketBeat.com's FREE daily email newsletter.