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

June 29, 2018 - By Sarah North

Urban Outfitters, Inc. (NASDAQ:URBN) Corporate LogoBig Money Sentiment increased to 1.11 in 2018 Q1. It has change of 0.13, from 2017Q4’s 0.98. The ratio is positive 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. Invesco Limited holds 0.02% in Urban Outfitters, Inc. (NASDAQ:URBN) or 1.26M shs. Los Angeles Capital Management Equity invested in 10,344 shs. Baker Avenue Asset Mgmt Limited Partnership has invested 0.11% in Urban Outfitters, Inc. (NASDAQ:URBN). Canada Pension Plan Investment Board stated it has 0.03% in Urban Outfitters, Inc. (NASDAQ:URBN). Magnetar Finance Limited Liability holds 10,174 shs or 0.01% of its capital. Stratos Wealth Partners Ltd has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Samlyn Limited Liability Corp, a New York-based fund reported 189,168 shs. Mackay Shields Limited Co stated it has 0.11% in Urban Outfitters, Inc. (NASDAQ:URBN). Financial Architects reported 700 shs. Emerald Advisers Inc Pa invested in 8,465 shs or 0.01% of the stock. Ubs Asset Americas holds 0% or 88,861 shs in its capital. Contravisory Management holds 0.17% of its capital in Urban Outfitters, Inc. (NASDAQ:URBN) for 12,509 shs. Advantus Mgmt stated it has 9,766 shs. Mutual Of America Cap Mngmt Ltd Liability Corp invested 0.04% in Urban Outfitters, Inc. (NASDAQ:URBN). Assetmark Inc accumulated 118 shs.

URBN had 19 insider sales and 0 insider buys since March 9, 2018. This’s net activity of $28.08 million. 80,000 shs were sold by STROUSE ROBERT H, worth $3.38M on Friday, May 25. Another trade for 30,000 shs valued at $1.10M was sold by BELAIR SCOTT A. 20,941 Urban Outfitters, Inc. (NASDAQ:URBN) shs with value of $738,593 were sold by Conforti Frank. 20,000 shs valued at $781,900 were sold by CHERKEN HARRY S JR on Thursday, April 12. Shares for $1.98 million were sold by McCreight David W.. 800 shs valued at $31,209 were sold by Hayne Azeez on Monday, April 9.

Andrew Feldstein’s stake in Urban Outfitters Inc (URBN) is increased by 348.81% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock popped up 13.69% while Bluemountain Capital Management Llc bought 523,374 shares. The consumer services company at the end of 2018Q1 was valued at $24.89 million. 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. $4.97 billion is the MC of Urban Outfitters Inc. The stock decreased 0.77% or $0.355 during the last trading session, reaching $45.655.Currently Urban Outfitters, Inc. is uptrending after 124.18% change in last June 29, 2017. URBN has also 636,912 shares volume. The stock outperformed the S&P 500 by 111.61%.

Bluemountain Capital Management Llc decreased its stake in Electronic Arts Inc (NASDAQ:EA) by 97,417 shares to 38,111 shares, valued at $4.62M in 2018Q1, according to the filing. It manages about $27.77 billion and $4.37 billion US Long portfolio. Bluemountain Capital Management Llc has cut its stake in Eqt Corp (NYSE:EQT) and also reduced its holding in Facebook Inc (NASDAQ:FB) by 76,521 shares in the quarter, for a total of 36,059 shares.

A couple more Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Investorplace.com which released on June 28, 2018 “20 Top Stocks That Don’t Get Enough Appreciation”, also Forbes.com on June 15, 2018 published “Benefit Of Higher Consumer Spending Continuing In Q2 For Urban Outfitters”, the next Globenewswire.com is “Glen T. Senk Joins Board of Green Thumb Industries (GTI)” on June 26, 2018. Seekingalpha.com has article titled “Urban Outfitters: More Than Meets The Eye”.

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

In total 18 analysts cover Urban Outfitters (NASDAQ:URBN). “Buy” rating has 7, “Sell” are 1, while 10 are “Hold”. (NASDAQ:URBN) has 39% bullish analysts. 26 are the (NASDAQ:URBN)’s ratings reports on 29 Jun 2018 according to StockzIntelligence Inc. On Wednesday, May 16 the stock of Urban Outfitters, Inc. (NASDAQ:URBN) has “Neutral” rating given by M Partners. In Tuesday, June 12 report Nomura maintained the stock with “Neutral” rating. On Thursday, March 8 the firm earned “Buy” rating by Buckingham Research. On Tuesday, May 22 the firm has “Hold” rating given by Oppenheimer. The stock rating was maintained by JP Morgan with “Overweight” on Wednesday, May 23. On Friday, February 2 the rating was maintained by SunTrust with “Buy”. On Wednesday, March 7 the rating was maintained by SunTrust with “Buy”. In Friday, February 9 report RBC Capital Markets maintained the stock with “Hold” rating. In Tuesday, June 12 report Robert W. Baird maintained the stock with “Buy” rating. On Tuesday, March 6 the stock has “Hold” rating by Oppenheimer.

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

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