Fund 1 Investments, Llc Acquires 15,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock

Citi Trends, Inc. (NASDAQ:CTRN) major shareholder Fund 1 Investments, Llc acquired 15,000 shares of the stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $30.33 per share, with a total value of $454,950.00. Following the completion of the transaction, the insider now owns 1,545,741 shares of the company’s stock, valued at $46,882,324.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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 Monday, March 4th, Fund 1 Investments, Llc purchased 31,634 shares of Citi Trends stock. The stock was acquired at an average price of $31.21 per share, for a total transaction of $987,297.14.
• On Thursday, February 29th, Fund 1 Investments, Llc acquired 70,804 shares of Citi Trends stock. The shares were acquired at an average price of $30.51 per share, with a total value of $2,160,230.04.
• On Friday, December 15th, Fund 1 Investments, Llc bought 2,000 shares of Citi Trends stock. The shares were acquired at an average cost of $24.52 per share, with a total value of $49,040.00.

Citi Trends Trading Up 1.1 %

Shares of CTRN traded up $0.32 during mid-day trading on Tuesday, reaching $30.55. The company had a trading volume of 77,911 shares, compared to its average volume of 66,059. The company’s 50 day simple moving average is $28.81 and its 200 day simple moving average is $25.47. Citi Trends, Inc. has a 1-year low of $14.20 and a 1-year high of $32.90.

Hedge Funds Weigh In On Citi Trends

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Citi Trends by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 426,834 shares of the company’s stock worth $12,071,000 after buying an additional 1,500 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Citi Trends by 15.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,186 shares of the company’s stock worth $316,000 after purchasing an additional 1,518 shares in the last quarter. Barclays PLC increased its holdings in Citi Trends by 8.5% in the 4th quarter. Barclays PLC now owns 44,989 shares of the company’s stock worth $1,272,000 after purchasing an additional 3,508 shares in the last quarter. Fund 1 Investments LLC raised its position 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 purchasing an additional 474,736 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Citi Trends during the fourth quarter valued at about $786,000. Institutional investors own 91.14% of the company’s stock.

About Citi Trends

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.