Ken Griffin, Citadel Increase Investment In Five Below Inc (FIVE)

Ken Griffin, the billionaire hedge fund guru, is bullish on Five Below Inc (NASDAQ:FIVE). According to a recent filing with the Securities and Exchange Commission, Griffin’s Citadel Investment Group increased its holding of the stock from approximately 778,800 to 3.18 million shares, which account for 5.9% of the total number of shares outstanding.

CITADEL INVESTMENT GROUP

Five Below Inc (NASDAQ:FIVE) has also caught the attention of Alexander Mitchell, who has built a new position during the 2013 fourth quarter. His fund, Scopus Asset Management reportedly held 255,000 shares valued at a little over $11 million. Donald Chiboucis has, on the other hand, decided to reduce his fund’s stake in the company by 11% during the same period. As a result, his fund, Columbus Circle Investors, now holds approximately 842,700 shares valued at $36.4 million.

A specialty value retailer, Five Below Inc (NASDAQ:FIVE) has a market cap of $2.09 billion and does not pay a dividend. The stock is traded at a trailing Price to Earnings (P/E) ratio of 65.xx, significantly higher than the industry average of 27.60. So far this year, the stock has fallen 10% to a current price of $38.77 per share. The company announced revenues of $212 million and earnings per share (EPS) of $0.45 for the 13 weeks ending February 1, 2014. Analysts estimate revenues of $121 million and EPS 0f $0.06 for the subsequent quarter.

Griffin has boosted several position recently, one of them being William Lyon Homes (NYSE:WLH). Citadel currently holds 1.4 million Class A shares or 5.1% of the company’s Class A stock. In another move, Griffin has increased his fund’s holding of Arch Coal Inc (NYSE:ACI) to 11.6 million shares, which account for 5.4% of the company’s common stock. Griffin and Citadel have also boosted their stake in Veeva Systems Inc (NYSE:VEEV) to 812,300 shares, which account for 5.4% of the company’s common stock.

Disclosure: none.

Recommended reading:

Ken Griffin’s Citadel Investment Group Boosts Stake in William Lyon Homes (WLH)

Billionaire Ken Griffin Ups Stake in Arch Coal Inc (ACI) to Over 5%

Billionaire Ken Griffin’s New Stock Moves

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!