Belpointe Asset Management LLC decreased its position in shares of Under Armour Inc (NYSE:UAA) by 35.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,376 shares of the company’s stock after selling 5,688 shares during the quarter. Belpointe Asset Management LLC’s holdings in Under Armour were worth $150,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Hexavest Inc. purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $39,368,000. ANTIPODES PARTNERS Ltd purchased a new stake in Under Armour in the 4th quarter valued at approximately $25,742,000. Mackenzie Financial Corp lifted its stake in Under Armour by 23.6% in the 3rd quarter. Mackenzie Financial Corp now owns 171,033 shares of the company’s stock valued at $2,819,000 after buying an additional 32,646 shares in the last quarter. California Public Employees Retirement System purchased a new stake in Under Armour in the 3rd quarter valued at approximately $2,695,000. Finally, Creative Planning lifted its stake in Under Armour by 15.2% in the 4th quarter. Creative Planning now owns 73,846 shares of the company’s stock valued at $1,066,000 after buying an additional 9,717 shares in the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on UAA shares. Vetr raised Under Armour from a “strong sell” rating to a “sell” rating and set a $13.90 target price on the stock in a research note on Thursday, December 28th. Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and upped their target price for the company from $12.00 to $17.00 in a research note on Friday, December 15th. Macquarie lowered Under Armour from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $10.00 to $8.00 in a research note on Tuesday, January 16th. ValuEngine lowered Under Armour from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. Eighteen research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.92.
In other news, insider Kerry D. Chandler sold 2,534 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $16.79, for a total transaction of $42,545.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.40% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Under Armour Inc (UAA) Shares Sold by Belpointe Asset Management LLC” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2018/03/20/under-armour-inc-uaa-shares-sold-by-belpointe-asset-management-llc.html.
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.
Want to see what other hedge funds are holding UAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour Inc (NYSE:UAA).
Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.