Mutual of America Capital Management LLC increases stock position in Columbia Sportswear (NASDAQ:COLM)


Mutual of America Capital Management LLC increased its stake in Columbia Sportswear (NASDAQ:COLMGet a rating) by 1.9% during the first quarter, Holdings Channel.com reports. The company held 31,523 shares of the textile maker after buying an additional 600 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Columbia Sportswear were worth $2,854,000 when it last filed with the Securities and Exchange Commission.

A number of other institutional investors have also recently increased or reduced their stake in the company. O Shares Investment Advisers LLC increased its holdings in Columbia Sportswear by 2.3% in the fourth quarter. O Shares Investment Advisers LLC now owns 5,610 shares of the textile maker valued at $547,000 after buying 128 additional shares last quarter. Louisiana State Employees Retirement System raised its position in Columbia Sportswear shares by 2.2% in the first quarter. The Louisiana State Employees Retirement System now owns 9,100 shares of the textile maker valued at $817,000 after acquiring 200 additional shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Columbia Sportswear during Q1 worth approximately $31,000. Gotham Asset Management LLC increased its position in Columbia Sportswear shares by 6.1% during the fourth quarter. Gotham Asset Management LLC now owns 6,520 shares of the textile maker valued at $635,000 after acquiring 373 additional shares during the period. Finally, Greenwood Capital Associates LLC increased its position in Columbia Sportswear shares by 5.5% during the 4th quarter. Greenwood Capital Associates LLC now owns 7,493 shares of the textile maker valued at $730,000 after acquiring 390 additional shares during the period. Hedge funds and other institutional investors own 48.65% of the company’s shares.

Insider Buying and Selling at Columbia Sportswear

In other Columbia Sportswear news, Director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The stock was sold at an average price of $81.14, for a total value of $208,367.52. Following completion of the transaction, the administrator now directly owns 112,627 shares of the company, valued at approximately $9,138,554.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Separately, director Ronald E. Nelson sold 3,706 shares of the company in a trade on Thursday, May 5. The shares were sold at an average price of $80.16, for a total transaction of $297,072.96. Following the completion of the sale, the director now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total transaction of $208,367.52. Following the sale, the director now directly owns 112,627 shares of the company, valued at $9,138,554.78. Disclosure of this sale can be found here. 42.37% of the shares are currently held by insiders.

Analyst upgrades and downgrades

A number of research companies have recently published reports on COLM. Robert W. Baird cut his price target on Columbia Sportswear stock from $110.00 to $100.00 in a Friday, April 29 research report. Stifel Nicolaus cut his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research report. Cowen cut his price target on Columbia Sportswear stock to $95.00 in a research report on Monday. StockNews.com upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a Wednesday, July 6 research report. Finally, Bank of America downgraded Columbia Sportswear from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $108.00 to $80.00 in a research report Friday, April 29. One research analyst rated the stock with a sell rating, four gave the stock a hold rating, and four gave the stock a buy rating. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $98.43.

Columbia Sportswear Price Performance

Shares of Stock Columbia Sportswear opened at $74.69 on Thursday. The company has a 50-day moving average price of $74.63 and a 200-day moving average price of $84.27. The company has a market capitalization of $4.70 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.53 and a beta of 0.91. Columbia Sportswear has a 1-year minimum of $68.29 and a 1-year maximum of $107.50.

Columbia Sportswear (NASDAQ:COLMGet a rating) last released its quarterly results on Wednesday, July 27. The textile maker reported earnings per share of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. The company posted revenue of $578.06 million in the quarter, versus a consensus estimate of $592.35 million. Columbia Sportswear had a return on equity of 19.34% and a net margin of 11.19%. Columbia Sportswear’s revenue increased 2.1% year over year. During the same period a year earlier, the company posted EPS of $0.61. As a group, research analysts expect Columbia Sportswear to post EPS of 5.83 for the current fiscal year.

About Columbia Sportswear

(Get a rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia- Pacific, Europe, Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.

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Want to see which other hedge funds hold COLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Sportswear (NASDAQ:COLMGet a rating).

Institutional ownership by quarter for Columbia Sportswear (NASDAQ:COLM)



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