Nicholas Company Inc. lifted nike stock 33.3% in the fourth quarter by buying 30,890 additional shares, ending the period with 123,652 shares worth $7,878,000. For shareholders, the filing shows one institutional investor adding exposure while the stock traded near the lower end of its 52-week range.
Nicholas Company’s 123,652 shares
123,652 shares was the size of Nicholas Company’s Nike position after the purchase, according to its latest filing with the Securities and Exchange Commission. The added stake was not a token move: 30,890 shares took the firm’s holdings to a level that implied a $7,878,000 position at the time of filing.
33.3% was the size of the increase, a step that came as Nike drew fresh scrutiny from Wall Street. Wells Fargo downgraded the stock to Equal Weight from Overweight and cut its price target to $45 from $55, while reports said bets against the company had surged.
Brighton Jones, United Bank, NewEdge
388.5% was the increase reported for Brighton Jones LLC, which owned 202,411 shares worth $15,316,000 after buying 160,980 additional shares. That is the clearest sign in the filing set that some institutions were not trimming exposure; they were adding aggressively.
11.3% was the increase for United Bank, which held 17,067 shares worth $1,212,000 after buying 1,736 additional shares. NewEdge Advisors LLC raised its position by 0.3% to 64,161 shares worth $4,558,000 after buying 197 shares, while CIBC Asset Management Inc. increased its stake by 6.5% to 191,268 shares worth $13,588,000 after buying 11,646 shares.
Nike’s $44.10 open
$44.10 was where Nike stock opened on Monday, below the $50.16 fifty-day simple moving average and the $59.14 two-hundred-day simple moving average. The gap leaves the shares trading closer to the $42.09 twelve-month low than the $80.17 high, with a market capitalization of $65.31 billion and institutional investors owning 64.25% of the stock.
Nearly 1,400 job cuts tied to Nike’s “Win Now” overhaul add another pressure point, alongside a quarterly dividend of $0.41 per share. If the company keeps cutting costs while institutions keep adding, the next read on this name will come from whether the shares can hold above the recent trading range rather than from the filing alone.
