In a regulatory 13-D filing, Fund 1 Investment disclosed a 9.98% activist stake in Citi Trends. The firm “believes that there are both operational and strategic opportunities to maximize stockholder value at the Issuer, and may choose to engage in discussions with the Issuer’s management and Board of Directors, or others regarding matters related to the Issuer.” Shares of Citi Trends are up 4.9% afterhours at $22.00.
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