Pacer Advisors Inc. lifted its position in adidas AG (OTCMKTS:ADDYY) by 37.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,751 shares of the company’s stock after buying an additional 1,294 shares during the quarter. Pacer Advisors Inc.’s holdings in adidas were worth $538,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in shares of adidas by 3.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock valued at $144,000 after buying an additional 54 shares in the last quarter. Wellington Shields Capital Management LLC bought a new stake in adidas during the third quarter worth approximately $226,000. Wellington Shields & Co. LLC bought a new stake in adidas during the third quarter worth approximately $232,000. Smith Asset Management Group LP boosted its position in adidas by 131.8% during the second quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock worth $617,000 after purchasing an additional 3,656 shares during the period. Finally, Bahl & Gaynor Inc. boosted its position in adidas by 36.0% during the second quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock worth $866,000 after purchasing an additional 2,920 shares during the period. 0.09% of the stock is owned by institutional investors and hedge funds.
adidas AG (OTCMKTS:ADDYY) traded down $3.01 on Monday, hitting $103.43. The stock had a trading volume of 31,917 shares, compared to its average volume of 36,609. adidas AG has a 12 month low of $74.48 and a 12 month high of $118.98. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $42,892.98, a PE ratio of 29.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.07.
A number of equities research analysts have issued reports on the company. Wedbush assumed coverage on adidas in a research report on Tuesday, October 24th. They set a “neutral” rating for the company. Robert W. Baird decreased their target price on adidas from $205.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Wells Fargo & Company assumed coverage on adidas in a research report on Tuesday, November 7th. They set an “outperform” rating and a $220.00 target price for the company. Zacks Investment Research cut adidas from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Pivotal Research reissued a “hold” rating on shares of adidas in a research report on Monday, November 6th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $189.00.
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Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.
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