135,000 Shares in Under Armour, Inc. (NYSE:UAA) Acquired by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC acquired a new position in shares of Under Armour, Inc. (NYSE:UAA) during the second quarter, Holdings Channel reports. The firm acquired 135,000 shares of the company’s stock, valued at approximately $2,938,000.

Other hedge funds have also recently bought and sold shares of the company. Jag Capital Management LLC purchased a new stake in Under Armour during the second quarter worth approximately $901,000. Oxbow Advisors LLC purchased a new stake in Under Armour during the second quarter worth approximately $2,175,000. Private Capital Management Inc. purchased a new stake in Under Armour during the second quarter worth approximately $141,000. US Bancorp DE purchased a new stake in Under Armour during the second quarter worth approximately $396,000. Finally, State Treasurer State of Michigan purchased a new stake in Under Armour during the second quarter worth approximately $1,320,000. 29.45% of the stock is owned by institutional investors.

Under Armour, Inc. (NYSE:UAA) opened at 19.65 on Thursday. The company has a market capitalization of $8.65 billion, a PE ratio of 49.62 and a beta of -0.05. Under Armour, Inc. has a one year low of $18.34 and a one year high of $44.68. The firm’s 50 day moving average price is $21.03 and its 200-day moving average price is $21.42.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, April 27th. The company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Under Armour had a return on equity of 12.25% and a net margin of 4.84%. Under Armour’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts forecast that Under Armour, Inc. will post $0.43 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on UAA shares. Deutsche Bank AG lowered shares of Under Armour from a “hold” rating to a “sell” rating and reduced their price target for the stock from $20.27 to $17.00 in a research report on Tuesday. Needham & Company LLC started coverage on shares of Under Armour in a research report on Tuesday, July 18th. They issued a “hold” rating for the company. OTR Global reissued a “negative” rating on shares of Under Armour in a research report on Tuesday, July 18th. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price target for the company. in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Ten investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and seven have given a buy rating to the company’s stock. Under Armour has a consensus rating of “Hold” and an average price target of $24.88.

In related news, Director A B. Krongard sold 4,799 shares of Under Armour stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $21.33, for a total transaction of $102,362.67. Following the sale, the director now directly owns 116,297 shares in the company, valued at $2,480,615.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kerry D. Chandler sold 5,921 shares of Under Armour stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total value of $126,590.98. Following the sale, the insider now owns 12,803 shares in the company, valued at $273,728.14. The disclosure for this sale can be found here. Insiders have sold 15,519 shares of company stock worth $331,652 over the last quarter. 16.40% of the stock is currently owned by corporate insiders.

Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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