Denver Investment Advisors LLC decreased its stake in Under Armour, Inc. (NYSE:UA) by 67.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,798 shares of the company’s stock after selling 22,340 shares during the period. Denver Investment Advisors LLC’s holdings in Under Armour were worth $218,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares during the last quarter. First Mercantile Trust Co. bought a new stake in shares of Under Armour during the second quarter valued at $141,000. Private Capital Management Inc. bought a new stake in shares of Under Armour during the first quarter valued at $158,000. Compton Capital Management Inc. RI boosted its stake in shares of Under Armour by 1.5% in the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock valued at $201,000 after buying an additional 150 shares during the last quarter. Finally, First Financial Equity Corporation bought a new stake in shares of Under Armour during the first quarter valued at $225,000. 57.08% of the stock is currently owned by institutional investors.
Under Armour, Inc. (NYSE UA) opened at 15.15 on Tuesday. Under Armour, Inc. has a 12 month low of $15.10 and a 12 month high of $39.50. The firm’s 50 day moving average price is $17.78 and its 200 day moving average price is $18.48. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 30.67 and a beta of 0.78.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. On average, equities research analysts predict that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
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Several equities research analysts have weighed in on the company. Buckingham Research set a $14.00 price objective on Under Armour and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Vetr raised Under Armour from a “sell” rating to a “hold” rating and set a $19.90 price objective on the stock in a research note on Thursday, June 15th. Forward View set a $17.00 price objective on Under Armour and gave the stock a “hold” rating in a research note on Sunday, August 13th. Finally, FBR & Co reissued an “underperform” rating and set a $14.00 price objective on shares of Under Armour in a research note on Wednesday, August 2nd. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.87.
About Under Armour
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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