3,457 Shares in Adidas AG (ADDYY) Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. bought a new stake in Adidas AG (OTCMKTS:ADDYY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,457 shares of the company’s stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky bought a new position in Adidas AG during the first quarter valued at approximately $3,474,000. Todd Asset Management LLC bought a new position in Adidas AG during the first quarter valued at approximately $3,474,000. Smith Asset Management Group LP grew its position in Adidas AG by 131.8% during the second quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock valued at $617,000 after acquiring an additional 3,656 shares during the last quarter. Finally, Cim Investment Mangement Inc. bought a new position in Adidas AG during the first quarter valued at approximately $215,000. 0.11% of the stock is currently owned by institutional investors and hedge funds.

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Adidas AG (OTCMKTS ADDYY) opened at 118.05 on Tuesday. Adidas AG has a one year low of $70.61 and a one year high of $118.72. The stock has a 50 day moving average of $112.30 and a 200 day moving average of $100.27. The company has a market cap of $47.83 billion, a PE ratio of 41.40 and a beta of 1.09.

A number of brokerages have commented on ADDYY. Deutsche Bank AG cut shares of Adidas AG from a “buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research report on Monday, August 7th. Raymond James Financial, Inc. upgraded shares of Adidas AG from an “underperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Finally, HSBC Holdings plc upgraded shares of Adidas AG from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $152.50.

Adidas AG Profile

Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.

Institutional Ownership by Quarter for Adidas AG (OTCMKTS:ADDYY)

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