BNP Paribas Arbitrage SA Decreases Stake in Under Armour, Inc. (UA)
BNP Paribas Arbitrage SA lowered its stake in Under Armour, Inc. (NYSE:UA) by 86.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 119,752 shares of the company’s stock after selling 794,772 shares during the period. BNP Paribas Arbitrage SA’s holdings in Under Armour were worth $2,414,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Compton Capital Management Inc. RI increased 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 worth $201,000 after buying an additional 150 shares in the last quarter. Pacer Advisors Inc. increased its stake 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 during the period. CWM LLC increased its stake in Under Armour by 1.4% in the second quarter. CWM LLC now owns 29,107 shares of the company’s stock worth $587,000 after buying an additional 392 shares during the period. National Planning Corp increased its stake in Under Armour by 3.2% in the second quarter. National Planning Corp now owns 13,589 shares of the company’s stock worth $279,000 after buying an additional 423 shares during the period. Finally, Grandeur Peak Global Advisors LLC increased its stake in Under Armour by 2.8% in the first quarter. Grandeur Peak Global Advisors LLC now owns 47,250 shares of the company’s stock worth $935,000 after buying an additional 1,300 shares during the period. 61.69% of the stock is owned by hedge funds and other institutional investors.
Under Armour, Inc. (UA) opened at 15.18 on Thursday. The stock has a 50 day moving average of $17.36 and a 200-day moving average of $18.41. Under Armour, Inc. has a 1-year low of $15.10 and a 1-year high of $38.53. The company has a market cap of $6.69 billion, a PE ratio of 30.73 and a beta of 0.78.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The company had revenue of $1.09 billion during the quarter. On average, equities research analysts predict that Under Armour, Inc. will post $0.38 earnings per share for the current year.
A number of research analysts have commented on UA shares. Credit Suisse Group set a $17.00 price objective on Under Armour and gave the stock a “sell” rating in a research note on Wednesday, June 14th. Vetr upgraded Under Armour from a “sell” rating to a “hold” rating and set a $19.90 price target on the stock in a research note on Thursday, June 15th. BidaskClub upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Under Armour in a research note on Monday, June 26th. Finally, Wells Fargo & Company set a $19.00 price objective on Under Armour and gave the company a “hold” rating in a research note on Thursday, June 8th. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus 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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