Fred Alger Management Inc. increased its stake in Five Below Inc (NASDAQ:FIVE) by 364.1% during the 4th quarter, Holdings Channel reports. The firm owned 223,651 shares of the specialty retailer’s stock after acquiring an additional 175,462 shares during the period. Fred Alger Management Inc.’s holdings in Five Below were worth $14,833,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Five Below by 53.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 943 shares during the period. M&T Bank Corp acquired a new stake in Five Below in the 4th quarter valued at approximately $211,000. Wedbush Securities Inc. acquired a new stake in Five Below in the 4th quarter valued at approximately $214,000. MML Investors Services LLC acquired a new stake in Five Below in the 4th quarter valued at approximately $238,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Five Below by 25.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 933 shares during the period.
Five Below Inc (FIVE) opened at $68.58 on Friday. Five Below Inc has a 1 year low of $37.21 and a 1 year high of $73.55. The stock has a market capitalization of $3,788.02, a price-to-earnings ratio of 44.82, a PEG ratio of 0.98 and a beta of 0.62.
In other news, insider Eric M. Specter sold 15,000 shares of Five Below stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the transaction, the insider now directly owns 13,883 shares in the company, valued at approximately $931,271.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.22% of the stock is currently owned by company insiders.
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Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.
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