Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Make Big After $URBN Surges 6.58%

Urban Outfitters, Inc. (URBN) surges 6.58% after the company disclosed a better-than-expected sales update. The company revealed that its fourth-quarter same-store sales were in the “mid single-digit” positive range. This is after the its 2.6% decline in the third quarter. URBN closed on Monday $26.45, and is trading at $28.12 at 12:00PM EST on Tuesday, which is a $1.67 or 6.31% increase.

MAVERICK CAPITAL

Several hedge funds may gain big due to URBN’s disclosure.

1. Maverick Capital – Lee Ainslie: gains $12,827,714

2. Alyeska Investment Group – Anand Parekh: gains $2,513,975

3. Tiger Consumer Management – Patrick McCormack: gains $1,257,391

4. Renaissance Technologies – Jim Simons: gains $1,032,728

5. Royce & Associates – Chuck Royce: gains $339,010

6. Adage Capital Management – Phill Gross and Robert Atchinson: gains $316,632

7. David E Shaw – D. E. Shaw: gains $303,409

8. Millennium Management – Israel Englander: gains $214,692

9. SAC Capital Advisors – Steven Cohen: gains $203,909

10. Daruma Asset Management – Mariko Gordon: gains $203,089

DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in URBN since the end of September. We did not take into account their option positions.

Loading...