Institutional Investors Are Selling Citi Trends Inc (NASDAQ:CTRN)

June 13, 2018 - By Bradley Stiles

Sentiment for Citi Trends Inc (NASDAQ:CTRN)

Citi Trends Inc (NASDAQ:CTRN) institutional sentiment decreased to 0.91 in Q1 2018. Its down -0.61, from 1.52 in 2017Q4. The ratio worsened, as 51 hedge funds increased or started new equity positions, while 56 sold and decreased stakes in Citi Trends Inc. The hedge funds in our partner’s database now hold: 11.90 million shares, up from 11.83 million shares in 2017Q4. Also, the number of hedge funds holding Citi Trends Inc in their top 10 equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 16 Reduced: 40 Increased: 31 New Position: 20.

Citi Trends, Inc. operates as an off-price retailer of urban fashion apparel and accessories. The company has market cap of $389.05 million. The firm offers apparel comprising fashion sportswear for men, women, and children, as well as offerings for newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and decorative home products, functional home products, beauty products, books, toys, and electronic accessories. It has a 27.47 P/E ratio. It also offers its products through the Internet.

The stock decreased 2.95% or $0.86 during the last trading session, reaching $28.29. About 28,880 shares traded. Citi Trends, Inc. (NASDAQ:CTRN) has risen 63.94% since June 13, 2017 and is uptrending. It has outperformed by 51.37% the S&P500.

Garnet Equity Capital Holdings Inc. holds 3.13% of its portfolio in Citi Trends, Inc. for 123,000 shares. Awm Investment Company Inc. owns 430,000 shares or 2.56% of their US portfolio. Moreover, Kestrel Investment Management Corp has 2.17% invested in the company for 186,375 shares. The New York-based Paradigm Capital Management Inc Ny has invested 1.93% in the stock. Northpointe Capital Llc, a Michigan-based fund reported 342,897 shares.

Since January 1, 0001, it had 0 insider purchases, and 4 sales for $995,895 activity.

More recent Citi Trends, Inc. (NASDAQ:CTRN) news were published by: Benzinga.com which released: “Earnings Scheduled For May 23, 2018” on May 23, 2018. Also Seekingalpha.com published the news titled: “Citi Trends Inc. (CTRN) CEO, Bruce Smith on Q1 2018 Results – Earnings Call Transcript” on May 23, 2018. Fool.com‘s news article titled: “Citi Trends (CTRN) Q1 2018 Earnings Conference Call Transcript” with publication date: May 24, 2018 was also an interesting one.

Citi Trends, Inc. (NASDAQ:CTRN) Institutional Positions Chart

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