Bluemountain Capital Management LLC Increased Its Urban Outfitters INC (URBN) Stake by $18.84 Million; Shares Rose

June 29, 2018 - By Matthew Medley

Urban Outfitters, Inc. (NASDAQ:URBN) Corporate LogoDuring Q1 2018 the big money sentiment increased to 1.11. That’s change of 0.13, from 2017Q4’s 0.98. 28 investors sold all, 86 reduced holdings as URBN ratio is positive. 69 rose positions while 58 funds amassed positions. Funds hold 74.36 million shares thus 5.84% less from 2017Q4’s 78.97 million shares. Ellington Mgmt Group Lc invested in 66,700 shs or 0.18% of the stock. Gemmer Asset Mgmt Ltd Llc reported 308 shs. Wells Fargo & Mn owns 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 203,575 shs. Moreover, Price T Rowe Associate Md has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 23,628 shs. Preferred Ltd holds 2,516 shs. Massachusetts Ser Ma has 0.14% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Robeco Institutional Asset Mngmt Bv holds 0.04% in Urban Outfitters, Inc. (NASDAQ:URBN) or 230,595 shs. Mutual Of America Lc holds 66,325 shs. Financial Bank Of Hawaii holds 0.03% of its capital in Urban Outfitters, Inc. (NASDAQ:URBN) for 9,745 shs. Hbk Sorce Advisory Ltd Liability Corporation holds 0.05% or 9,722 shs. Greenlight Capital owns 136,500 shs or 0.13% of their US capital. Connecticut-based Paloma Ptnrs has invested 0.03% in Urban Outfitters, Inc. (NASDAQ:URBN). Citigroup reported 54,209 shs. Barrow Hanley Mewhinney And Strauss Limited Liability stated it has 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Intll Grp has 0.02% invested in Urban Outfitters, Inc. (NASDAQ:URBN).

URBN registered $28.08 million net activity with 0 buys and 19 selling transactions since March 9, 2018. Another trade for 20,941 shs valued at $738,593 was made by Conforti Frank on Friday, March 9. On Tuesday, April 10 $398,182 worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by Donnelly Trish. 20,000 shs valued at $738,060 were sold by LAWSON JOEL S III on Monday, March 26. $1.10 million worth of stock was sold by BELAIR SCOTT A on Wednesday, March 28. CHERKEN HARRY S JR sold $781,900 worth of stock or 20,000 shs. On Wednesday, April 11 $762,902 worth of stock was sold by ANTOIAN EDWARD N.

According to 2018Q1 Securities and Exchange form the Andrew Feldstein increased its stake in Urban Outfitters Inc (URBN) by 348.81%. By buying 523,374 shares Bluemountain Capital Management Llc made the stock popped up with 13.69%. The consumer services company at the end of 2018Q1 was priced at $24.89M. It’s up from 150,046 at the end of the previous reported quarter. Now it had 673,420 shares held by the hedge fund run by Andrew Feldstein. Urban Outfitters Inc has $4.97 billion MC. Ticker’s shares touched $45.655 during the last trading session after 0.77% change.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&P500 by 111.61%.

Bluemountain Capital Management Llc manages about $27.77 billion and $4.37B US Long portfolio. Its stake in Nexstar Media Group Inc (NASDAQ:NXST) was decreased by 46,922 shares to 204,991 shares valued at $13.63M in 2018Q1, according to the filing. For a total of 11,794 shares it reduced its holding in Schlumberger Ltd (NYSE:SLB) by 90,069 shares in the quarter, and has cut its stake in Take (NASDAQ:TTWO).

A couple more Urban Outfitters, Inc. (NASDAQ:URBN) news were brought out 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 brought out “Urban Outfitters: More Than Meets The Eye”, the next Investorplace.com is “20 Top Stocks That Don’t Get Enough Appreciation” on June 28, 2018. Globenewswire.com has article titled “Glen T. Senk Joins Board of Green Thumb Industries (GTI)”.

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, March 7 SunTrust maintained the shares of URBN in report with “Buy” rating. On Thursday, May 24 the firm earned “Neutral” rating by FBR Capital. On Tuesday, February 27 the stock has “Neutral” rating by B. Riley & Co. On Wednesday, March 7 Morgan Stanley maintained the shares of URBN in report with “Equal-Weight” rating. On Tuesday, March 6 the firm has “Hold” rating given by BMO Capital Markets. In Wednesday, January 10 report Robert W. Baird maintained it with “Buy” rating and $39.0 target. In Wednesday, March 7 report FBR Capital maintained it with “Hold” rating and $37.0 target. In Tuesday, June 12 report Deutsche Bank maintained it with “Sell” rating and $35 target. On Thursday, March 8 the stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Buy” rating by Buckingham Research. On Wednesday, March 7 the stock has “Hold” rating by Wells Fargo.

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

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