Tuesday, December 12, 2017

Under Armour's second largest shareholder behind Kevin Plank ups its stake

Under Armour Inc.’s largest outside investor has taken a bigger piece of the pie. Mutual funds managed by financial giant Vanguard Group now hold a 10 percent stake in Baltimore-based Under Armour. The Malvern, Pennsylvania-based firm owns 18.5 million Under Armour shares as of Nov. 30, up from 16.9 million as of April 13, according to federal filings. Under Armour shares were down 1.4 percent in trading Monday afternoon to $13.44. At that price, Vanguard’s stake in the sportswear maker is worth…



from https://www.bizjournals.com/baltimore/news/2017/12/12/under-armours-second-largest-shareholderbehind.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/168464087287

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