Under Armour: hedge fund Adage Capital discloses stake
(CercleFinance.com) - Adage Capital Partners has disclosed a stake in US sportswear maker Under Armour, a filing with the Securities and Exchange Commission showed on Friday.
The hedge fund now has a 5.88% interest in maker Under Armour, or 11,036,373 shares, according to the filing.
The announcement comes after Under Armour lost almost 30% of its market cap over the last two weeks, on the back of an "unconvincing" investor day held on 12 December.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The hedge fund now has a 5.88% interest in maker Under Armour, or 11,036,373 shares, according to the filing.
The announcement comes after Under Armour lost almost 30% of its market cap over the last two weeks, on the back of an "unconvincing" investor day held on 12 December.
Copyright (c) 2018 CercleFinance.com. All rights reserved.