5 Best Stocks to Invest in Today According to Billionaire Michael Hintze

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In this article, we discuss the 5 best stocks to invest in today according to billionaire Michael Hintze. If you wish to read our detailed analysis of Hintze’s history and hedge fund performance, go directly to 10 Best Stocks to Invest in Today According to Billionaire Michael Hintze.

5. Under Armour Inc (NYSE:UA)

Number of Hedge Fund Holders: 53

Percentage of CQS Cayman LP’s 13F holdings: 1.9%

CQS Cayman LP’s Stake Value: $30.34 million

Up next is Under Armour Inc (NYSE:UA), a Maryland-based firm offering sports and performance apparel, as well as footwear and sports equipment. Michael Hintze’s CQS Cayman LP owned 1.68 million shares of Under Armour Inc (NYSE:UA) at the end of the fourth quarter, with a combined value of $30.34 million which represented 1.9% of the fund’s total holdings.

Investors were seen loading up on Under Armour Inc (NYSE:UA) stock in the fourth quarter, where 53 hedge funds held $1.77 billion worth of positions in the company, as opposed to 48 hedge funds a quarter ago. Adage Capital Management was the top shareholder of Under Armour Inc (NYSE:UA) in the fourth quarter, holding a $355.95 million stake consisting of 19.73 million shares.

On March 9, JPMorgan analyst Matthew Boss reiterated an ‘Overweight’ rating on Under Armour Inc (NYSE:UA) shares, and lowered the price target to $23 from $28. The firm noted a “clear inflection in demand” for its products, and the analyst sees a good entry point at current price levels.

Revenue for Q4 stood at $1.53 billion for Under Armour Inc (NYSE:UA), which outperformed estimates by $58.35 million and saw an increase of 8.94% from the year-ago quarter.

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