BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of Under Armour, Inc. (NYSE:UA) by 39.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 57,855 shares of the company’s stock after selling 37,194 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Under Armour were worth $1,166,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. boosted its position in Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock worth $137,000 after buying an additional 220 shares in the last quarter. First Mercantile Trust Co. bought a new position in Under Armour during the second quarter worth about $141,000. Private Capital Management Inc. bought a new position in Under Armour during the first quarter worth about $158,000. Compton Capital Management Inc. RI boosted its position in Under Armour by 1.5% in the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock worth $201,000 after buying an additional 150 shares in the last quarter. Finally, First Financial Equity Corporation bought a new position in Under Armour during the first quarter worth about $225,000. Institutional investors own 57.08% of the company’s stock.
Under Armour, Inc. (NYSE:UA) opened at 15.94 on Friday. The firm has a market capitalization of $7.03 billion, a PE ratio of 32.27 and a beta of 0.78. Under Armour, Inc. has a 12 month low of $15.10 and a 12 month high of $38.46. The firm has a 50-day moving average of $17.36 and a 200 day moving average of $18.41.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $1.09 billion during the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Equities research analysts forecast that Under Armour, Inc. will post $0.38 earnings per share for the current year.
A number of equities analysts recently issued reports on UA shares. Vetr upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $18.88 price objective for the company in a research report on Tuesday, July 25th. Jefferies Group LLC set a $28.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Deutsche Bank AG cut shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group set a $17.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a research report on Wednesday, June 14th. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price 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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