As Under Armour (Put) (UA) Stock Price Declined, Holder Wolverine Asset Management Has Boosted Stake; Reynders Mcveigh Capital Management Continues to Hold Stake in Abbott Laboratories (ABT)

January 18, 2018 - By Marie Mckinney

Wolverine Asset Management Llc increased its stake in Under Armour Inc (Put) (UA) by 1474% based on its latest 2017Q3 regulatory filing with the SEC. Wolverine Asset Management Llc bought 147,400 shares as the company’s stock declined 9.57% while stock markets rallied. The hedge fund held 157,400 shares of the consumer non-durables company at the end of 2017Q3, valued at $2.59 million, up from 10,000 at the end of the previous reported quarter. Wolverine Asset Management Llc who had been investing in Under Armour Inc (Put) for a number of months, seems to be bullish on the $5.55 billion market cap company. The stock decreased 1.78% or $0.22 during the last trading session, reaching $12.17. About 1.28M shares traded. Under Armour, Inc. (NYSE:UA) has declined 48.39% since January 18, 2017 and is downtrending. It has underperformed by 65.09% the S&P500.

Reynders Mcveigh Capital Management Llc increased its stake in Abbott Laboratories (ABT) by 3.58% based on its latest 2017Q3 regulatory filing with the SEC. Reynders Mcveigh Capital Management Llc bought 9,169 shares as the company’s stock declined 3.42% while stock markets rallied. The institutional investor held 265,245 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $14.15M, up from 256,076 at the end of the previous reported quarter. Reynders Mcveigh Capital Management Llc who had been investing in Abbott Laboratories for a number of months, seems to be bullish on the $102.20 billion market cap company. The stock decreased 0.47% or $0.275 during the last trading session, reaching $58.715. About 805,767 shares traded. Abbott Laboratories (NYSE:ABT) has risen 15.90% since January 18, 2017 and is uptrending. It has underperformed by 0.80% the S&P500.

Wolverine Asset Management Llc, which manages about $6.60B and $9.03 billion US Long portfolio, decreased its stake in General Mtrs Co (Call) (NYSE:GM) by 26,300 shares to 32,900 shares, valued at $1.33M in 2017Q3, according to the filing. It also reduced its holding in Halliburton Co (Put) (NYSE:HAL) by 93,600 shares in the quarter, leaving it with 30,400 shares, and cut its stake in Hertz Global Hldgs Inc (Call).

Among 38 analysts covering Under Armour (NYSE:UA), 8 have Buy rating, 10 Sell and 20 Hold. Therefore 21% are positive. Under Armour had 107 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Under Armour, Inc. (NYSE:UA) has “Buy” rating given on Friday, December 18 by Mizuho. The rating was maintained by Telsey Advisory Group on Thursday, September 17 with “Outperform”. The rating was downgraded by Instinet on Monday, February 27 to “Reduce”. As per Wednesday, October 14, the company rating was downgraded by Piper Jaffray. The stock has “Hold” rating by Buckingham Research on Friday, January 5. The company was maintained on Friday, June 3 by DA Davidson. Forward View Consulting maintained Under Armour, Inc. (NYSE:UA) rating on Friday, August 11. Forward View Consulting has “Hold” rating and $1700 target. The stock of Under Armour, Inc. (NYSE:UA) earned “Buy” rating by KeyBanc Capital Markets on Monday, September 25. The rating was reinitiated by Wells Fargo with “Market Perform” on Tuesday, May 10. The firm has “Neutral” rating given on Tuesday, September 13 by Nomura.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.01, from 0.88 in 2017Q2. It dived, as 47 investors sold ABT shares while 563 reduced holdings. 111 funds opened positions while 421 raised stakes. 1.21 billion shares or 0.79% less from 1.22 billion shares in 2017Q2 were reported. Pictet Asset Mngmt Ltd holds 1.43 million shares or 0.22% of its portfolio. Freestone Cap Limited Liability Corp reported 44,849 shares. Ameritas Inv Prtnrs Incorporated has 0.26% invested in Abbott Laboratories (NYSE:ABT) for 104,845 shares. Massachusetts Financial Services Communications Ma reported 49.17M shares. Opus Cap Gp Ltd Liability Corporation holds 0.14% or 11,432 shares. Alphamark Advisors Ltd Liability Corp invested in 0% or 100 shares. Royal National Bank & Trust Of Scotland Group Public Ltd Co owns 13,044 shares or 0.17% of their US portfolio. Hartline Invest invested 0.17% of its portfolio in Abbott Laboratories (NYSE:ABT). Teachers Retirement System Of The State Of Kentucky has 0.21% invested in Abbott Laboratories (NYSE:ABT) for 325,480 shares. Bennicas & Associate Incorporated accumulated 18,668 shares. 87,871 were reported by Pineno Levin Ford Asset. Private Cap has 0.57% invested in Abbott Laboratories (NYSE:ABT) for 31,350 shares. Duncker Streett And Company Incorporated holds 0.95% or 59,035 shares in its portfolio. Barrett Asset Mngmt Limited Liability Corp has 115,621 shares for 0.45% of their portfolio. Trustmark Comml Bank Trust Department holds 19,940 shares.

Reynders Mcveigh Capital Management Llc, which manages about $978.23M and $766.91M US Long portfolio, decreased its stake in Rockwell Automation Inc (NYSE:ROK) by 3,127 shares to 162,042 shares, valued at $28.88M in 2017Q3, according to the filing. It also reduced its holding in Marketaxess Holdings Inc (NASDAQ:MKTX) by 1,656 shares in the quarter, leaving it with 54,572 shares, and cut its stake in Nvidia Corp (NASDAQ:NVDA).

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