American International Group Inc. lessened its holdings in Under Armour Inc (NYSE:UAA) by 11.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 55,143 shares of the company’s stock after selling 7,257 shares during the period. American International Group Inc.’s holdings in Under Armour were worth $909,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Aldebaran Financial Inc. boosted its holdings in shares of Under Armour by 8.3% during the 2nd quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock valued at $594,000 after purchasing an additional 2,090 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Under Armour by 6.8% in the 3rd quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock valued at $864,000 after acquiring an additional 3,338 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Under Armour by 5.6% in the 3rd quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock valued at $1,604,000 after acquiring an additional 5,148 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Under Armour in the 2nd quarter valued at about $118,000. Finally, Biondo Investment Advisors LLC raised its position in Under Armour by 6.5% in the 3rd quarter. Biondo Investment Advisors LLC now owns 91,885 shares of the company’s stock worth $1,514,000 after purchasing an additional 5,580 shares during the period. Institutional investors and hedge funds own 30.98% of the company’s stock.
Under Armour Inc (UAA) traded down $0.18 on Friday, reaching $15.12. 4,627,816 shares of the company were exchanged, compared to its average volume of 5,710,000. The firm has a market capitalization of $6,410.00, a price-to-earnings ratio of 47.25, a PEG ratio of 4.15 and a beta of 0.04. Under Armour Inc has a 52-week low of $11.40 and a 52-week high of $30.59. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37.
A number of analysts recently weighed in on UAA shares. Zacks Investment Research raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. UBS Group raised shares of Under Armour to a “neutral” rating in a research report on Tuesday, November 7th. Stifel Nicolaus raised shares of Under Armour from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $17.00 in a research report on Friday, December 15th. Vetr raised shares of Under Armour from a “strong sell” rating to a “sell” rating and set a $13.23 price objective on the stock in a report on Friday, December 15th. Finally, Nomura lifted their price objective on shares of Under Armour from $9.00 to $13.00 and gave the company a “reduce” rating in a report on Friday, November 10th. Seventeen equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.09.
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Under Armour 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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