Belpointe Asset Management LLC purchased a new stake in Under Armour Inc (NYSE:UAA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,064 shares of the company’s stock, valued at approximately $265,000.

Several other large investors have also recently made changes to their positions in UAA. Baillie Gifford & Co. acquired a new position in shares of Under Armour during the second quarter valued at approximately $532,573,000. Vanguard Group Inc. acquired a new position in shares of Under Armour during the second quarter valued at approximately $393,172,000. BlackRock Inc. acquired a new position in shares of Under Armour during the second quarter valued at approximately $238,861,000. Bamco Inc. NY increased its stake in shares of Under Armour by 10.8% during the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after acquiring an additional 750,325 shares during the period. Finally, State Street Corp acquired a new position in shares of Under Armour during the second quarter valued at approximately $157,325,000. Institutional investors own 31.22% of the company’s stock.

A number of research analysts recently commented on the stock. Stifel Nicolaus upgraded shares of Under Armour from a “hold” rating to a “buy” rating and raised their price objective for the company from $12.00 to $17.00 in a research note on Friday. Vetr upgraded shares of Under Armour from a “strong sell” rating to a “sell” rating and set a $13.23 target price for the company in a report on Friday. Zacks Investment Research cut shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Nomura raised their target price on shares of Under Armour from $9.00 to $13.00 and gave the stock a “reduce” rating in a report on Friday, November 10th. Finally, Forward View restated a “sell” rating on shares of Under Armour in a report on Saturday, November 4th. Nineteen research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. Under Armour presently has a consensus rating of “Hold” and an average price target of $16.92.

Under Armour Inc (NYSE:UAA) opened at $15.17 on Monday. The company has a market cap of $6,700.54, a PE ratio of 37.00, a price-to-earnings-growth ratio of 4.49 and a beta of -0.13. Under Armour Inc has a 12-month low of $11.40 and a 12-month high of $31.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. equities research analysts predict that Under Armour Inc will post 0.2 EPS for the current year.

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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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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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