As Columbia Sportswear (COLM) Share Value Rose, Holder Beddow Capital Management INC Lowered Stake by $7.16 Million

October 13, 2018 - By Louis Casey

Columbia Sportswear Company (NASDAQ:COLM) LogoInvestors sentiment decreased to 1.15 in Q2 2018. Its down 0.17, from 1.32 in 2018Q1. It worsened, as 23 investors sold COLM shares while 75 reduced holdings. 54 funds opened positions while 59 raised stakes. 26.19 million shares or 1.11% less from 26.48 million shares in 2018Q1 were reported. 385,629 were accumulated by Franklin Resource. 3,545 are owned by Sawgrass Asset Management Limited Liability. Cibc Inc holds 0% of its portfolio in Columbia Sportswear Company (NASDAQ:COLM) for 2,676 shares. Moreover, Farmers & Merchants Invests has 0% invested in Columbia Sportswear Company (NASDAQ:COLM). Eqis Mgmt accumulated 5,537 shares or 0.03% of the stock. Sterling Cap Mgmt holds 11,922 shares. The New York-based Silvercrest Asset Limited Liability Com has invested 0.01% in Columbia Sportswear Company (NASDAQ:COLM). Creative Planning stated it has 0% of its portfolio in Columbia Sportswear Company (NASDAQ:COLM). State Of Alaska Department Of Revenue has 3,220 shares for 0.01% of their portfolio. State Common Retirement Fund reported 0.01% of its portfolio in Columbia Sportswear Company (NASDAQ:COLM). Schwab Charles Inv invested in 218,646 shares. State Board Of Administration Of Florida Retirement Systems has 0% invested in Columbia Sportswear Company (NASDAQ:COLM) for 15,271 shares. 13,323 were reported by Bahl & Gaynor. Susquehanna Group Llp stated it has 0% of its portfolio in Columbia Sportswear Company (NASDAQ:COLM). Janney Montgomery Scott Limited Liability Corp owns 9,565 shares.

Since April 11, 2018, it had 0 insider purchases, and 6 selling transactions for $3.56 million activity. 5,030 shares were sold by GEORGE EDWARD S, worth $459,239. $688,298 worth of Columbia Sportswear Company (NASDAQ:COLM) was sold by Cusick Thomas B.. On Monday, August 20 the insider Morse Douglas H sold $62,608. $1.07M worth of Columbia Sportswear Company (NASDAQ:COLM) shares were sold by Bragdon Peter J. $131,300 worth of Columbia Sportswear Company (NASDAQ:COLM) was sold by Boyle Joseph P on Wednesday, August 29.

Beddow Capital Management Inc decreased its stake in Columbia Sportswear (COLM) by 94.59% based on its latest 2018Q2 regulatory filing with the SEC. Beddow Capital Management Inc sold 78,706 shares as the company’s stock rose 1.20% with the market. The hedge fund held 4,500 shares of the apparel company at the end of 2018Q2, valued at $412,000, down from 83,206 at the end of the previous reported quarter. Beddow Capital Management Inc who had been investing in Columbia Sportswear for a number of months, seems to be less bullish one the $6.09B market cap company. The stock increased 2.36% or $2.01 during the last trading session, reaching $87.11. About 234,116 shares traded. Columbia Sportswear Company (NASDAQ:COLM) has risen 57.51% since October 13, 2017 and is uptrending. It has outperformed by 41.89% the S&P500.

Beddow Capital Management Inc, which manages about $385.61M and $240.07M US Long portfolio, upped its stake in Cimarex Energy Company (NYSE:XEC) by 32,020 shares to 86,775 shares, valued at $8.83M in 2018Q2, according to the filing.

Analysts await Columbia Sportswear Company (NASDAQ:COLM) to report earnings on October, 25. They expect $1.27 EPS, up 1.60 % or $0.02 from last year’s $1.25 per share. COLM’s profit will be $88.85 million for 17.15 P/E if the $1.27 EPS becomes a reality. After $0.16 actual EPS reported by Columbia Sportswear Company for the previous quarter, Wall Street now forecasts 693.75 % EPS growth.

More news for Columbia Sportswear Company (NASDAQ:COLM) were recently published by: Seekingalpha.com, which released: “Athletic apparel stocks on watch after Nike earnings” on September 26, 2018. Seekingalpha.com‘s article titled: “Columbia Sportswear Is Crushing Nike And Under Armour” and published on September 25, 2018 is yet another important article.

Columbia Sportswear Company (NASDAQ:COLM) Ratings Coverage

Among 12 analysts covering Columbia Sportswear (NASDAQ:COLM), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Columbia Sportswear had 17 analyst reports since April 23, 2018 according to SRatingsIntel. As per Friday, July 27, the company rating was maintained by Wedbush. C.L. King downgraded the shares of COLM in report on Friday, April 27 to “Hold” rating. The stock of Columbia Sportswear Company (NASDAQ:COLM) earned “Buy” rating by Wedbush on Tuesday, June 26. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, July 24. The stock of Columbia Sportswear Company (NASDAQ:COLM) earned “Buy” rating by B. Riley & Co on Friday, April 27. DA Davidson maintained the stock with “Buy” rating in Friday, April 27 report. On Wednesday, July 18 the stock rating was downgraded by FBR Capital to “Neutral”. The stock of Columbia Sportswear Company (NASDAQ:COLM) has “Outperform” rating given on Wednesday, October 3 by Wedbush. The firm has “Neutral” rating given on Thursday, August 16 by Buckingham Research. The stock of Columbia Sportswear Company (NASDAQ:COLM) earned “Hold” rating by Pivotal Research on Wednesday, July 25.

Columbia Sportswear Company (NASDAQ:COLM) Institutional Positions Chart

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