City Holding Director Buys 213 Shares at $115.88 as Institutions Shift Stakes
Director Robert D. Fisher acquired 213 City Holding shares at $115.88 each, boosting his stake to 46,978 shares and signaling confidence despite a 1.75% stock decline. Meanwhile, Citigroup cut its holdings by 23.2% to 15,379 shares while RBC and AQR raised stakes by 5.6% and 34.5% respectively.
1. Insider Purchase by Director Fisher
On March 9, director Robert D. Fisher purchased 213 City Holding shares at $115.88 each, raising his total ownership to approximately 46,978 shares. This transaction underscores his confidence in the company’s prospects despite a recent 1.75% decline in share price.
2. Citigroup Reduces Holdings
Citigroup reduced its stake in City Holding by 23.2%, selling 4,638 shares during the quarter. Its remaining 15,379 shares now represent a 0.11% ownership stake valued at roughly $1.9 million.
3. RBC and AQR Increase Stakes
Royal Bank of Canada boosted its position by 5.6%, acquiring 821 shares to hold 15,586 shares worth about $1.8 million. AQR Capital Management expanded its stake by 34.5%, purchasing 2,305 shares to own 8,977 shares valued at approximately $1.1 million.
4. Stock Price Movement and Market Capitalization
City Holding’s stock is trading around $115.93 with a market capitalization near $1.67 billion. Shares have fluctuated between $113.52 and $116.47 intraday, with a 52-week high of $133.59 and a low of $102.22.