A notoriously secretive hedge fund that regularly ranks near the top of financial rankings has taken a major stake in Under Armour Inc. Greenwich, Connecticut-based Lone Pine Capital LLC bought 12.7 million shares of Under Armour stock, or a 6.7% stake, according to a Jan. 13 filing with the U.S. Securities and Exchange Commission. The stake has a value of $256.9 million based on Under Armour’s closing stock price of $20.17 on Monday. Shares closed up 2%. For Baltimore-based Under Armour, the…
from https://www.bizjournals.com/baltimore/news/2020/01/13/top-ranked-hedge-fund-takes-big-stake-in-under.html?ana=RSS&s=article_search
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