Bluemountain Capital Management LLC Stake in Urban Outfitters INC (URBN) Increased

June 29, 2018 - By Loretta Love

Urban Outfitters, Inc. (NASDAQ:URBN) Corporate LogoBig Money Sentiment increased to 1.11 in Q1 2018. It has change of 0.13, from 2017Q4’s 0.98. The ratio increased due to URBN positioning: 28 sold and 86 reduced. 58 funds bought holdings and 69 increased holdings. Investors holded 78.97 million in 2017Q4 but now own 74.36 million shares or 5.84% less. Greenlight Inc has 0.13% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 136,500 shs. Baker Avenue Asset Mngmt Lp holds 0.11% or 33,855 shs in its capital. 6,430 were reported by Element Capital Lc. 57 are held by Tarbox Family Office. Vident Inv Advisory Ltd Co holds 0.16% of its capital in Urban Outfitters, Inc. (NASDAQ:URBN) for 101,043 shs. Amundi Pioneer Asset holds 0% or 14,200 shs in its capital. Whittier has 64 shs. Skylands Cap Ltd Liability Company invested 0.1% of its capital in Urban Outfitters, Inc. (NASDAQ:URBN). Geode Mgmt Limited Liability Corp stated it has 769,411 shs. Blackrock holds 0.02% or 9.44M shs in its capital. Jefferies Gp Llc accumulated 110,412 shs. Dimensional Fund Advisors Limited Partnership invested in 4.56M shs or 0.07% of the stock. Shapiro Mgmt Limited Liability Corporation stated it has 0% in Urban Outfitters, Inc. (NASDAQ:URBN). 35,700 were accumulated by Zacks Inv Mgmt. 62,113 are owned by Great West Life Assurance Company Can.

URBN registered $28.08 million net activity with 0 insider purchases and 19 sales since March 9, 2018. 20,000 Urban Outfitters, Inc. (NASDAQ:URBN) shs with value of $738,060 were sold by LAWSON JOEL S III. McCreight David W. sold $5.68 million worth of stock. The insider CHERKEN HARRY S JR sold $781,900. The insider Donnelly Trish sold $398,182. Hayne Margaret sold $1.51M worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Wednesday, March 21. On Friday, March 9 $613,235 worth of stock was sold by Hollinger Calvin.

Based on the latest 2018Q1 regulatory filing with the SEC, Andrew Feldstein upped its holdings in Urban Outfitters Inc (URBN) by 348.81%. The company’s stock rose 13.69% while stock markets declined as Bluemountain Capital Management Llc bought 523,374 shares. At the end of 2018Q1, the hedge fund run by Andrew Feldstein held 673,420 shares of the consumer services company, priced at $24.89 million, up from 150,046 at the end of the previous reported quarter. Urban Outfitters Inc has $4.97B market cap. The stock decreased 0.77% or $0.355 during the last trading session, touching $45.655.Urban Outfitters, Inc. has volume of 636,912 shares. Since June 29, 2017 URBN has risen 124.18% and is uptrending. URBN outperformed the S&P 500 by 111.61%.

The Bluemountain Capital Management Llc’s stake in Spdr Series Trust (XOP) was reduced by 294,124 shares to 5,876 shares valued at $207,000 in 2018Q1, according to the filing. It manages about $27.77B and $4.37 billion US Long portfolio. Bluemountain Capital Management Llc has cut its stake in Best Buy Inc (NYSE:BBY) and also reduced its holding in Eqt Corp (NYSE:EQT) by 84,638 shares in the quarter, for a total of 4,668 shares.

A couple more Urban Outfitters, Inc. (NASDAQ:URBN) news were released by: Forbes.com which released on June 15, 2018 “Benefit Of Higher Consumer Spending Continuing In Q2 For Urban Outfitters”, also Seekingalpha.com on June 01, 2018 released “Urban Outfitters: More Than Meets The Eye”, the next Globenewswire.com is “Glen T. Senk Joins Board of Green Thumb Industries (GTI)” on June 26, 2018. Investorplace.com has article titled “20 Top Stocks That Don’t Get Enough Appreciation”.

Urban Outfitters, Inc. (NASDAQ:URBN) Ratings Coverage

Total analysts of 18 have positions in Urban Outfitters (NASDAQ:URBN) as follows: 7 rated it a “Buy”, 1 with “Sell” and 10 with “Hold”. The positive are 39%. Since January 10, 2018 according to StockzIntelligence Inc Urban Outfitters has 26 analyst reports. On Wednesday, June 13 Citigroup maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating. Citigroup has “Neutral” rating and $48 target. On Tuesday, March 6 the firm has “Hold” rating by BMO Capital Markets given. On Tuesday, March 6 RBC Capital Markets maintained the shares of URBN in report with “Hold” rating. In Tuesday, June 12 report Nomura maintained the stock with “Neutral” rating. In Friday, February 9 report RBC Capital Markets maintained the stock with “Hold” rating. In Wednesday, March 7 report FBR Capital maintained the stock with “Hold” rating. On Wednesday, March 7 the firm earned “Buy” rating by Jefferies. On Wednesday, March 7 the firm has “Equal-Weight” rating by Morgan Stanley given. On Thursday, May 24 the firm has “Neutral” rating given by FBR Capital. On Wednesday, May 23 JP Morgan maintained the shares of URBN in report with “Overweight” rating.

Urban Outfitters, Inc. (NASDAQ:URBN) Institutional Investors Chart

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