Hedges bet on Columbia
Keybank National Association grew its holdings in Columbia Sportswear by 14.7% in the 4th quarter, according to the latest SEC filing. The firm owned 26,400 shares of the textile maker’s stock after purchasing an additional 3,375 shares during the quarter. Keybank National Association holdings in Columbia Sportswear were worth $1,898,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its stake by 10 per cent in the second quarter. Invictus RG purchased a new stake, as did Stifel Financial Corp and Bessemer Group and Fox Run Management. Some 37.67 per cent of the stock is owned by institutional investors and hedge funds.
The firm delivered record net sales, operating income and gross margin in 2017, making analysts optimistic about another year of top and bottom-line growth.