Private Advisor Group LLC Lowers Holdings in Under Armour Inc (UAA)
Private Advisor Group LLC decreased its position in shares of Under Armour Inc (NYSE:UAA) by 15.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,770 shares of the company’s stock after selling 6,925 shares during the period. Private Advisor Group LLC’s holdings in Under Armour were worth $629,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aldebaran Financial Inc. raised its position in Under Armour by 8.3% during the second 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 in the last quarter. Nationwide Fund Advisors increased its holdings in shares of Under Armour by 6.8% in the third quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after buying an additional 3,338 shares during the period. Van Hulzen Asset Management LLC increased its holdings in shares of Under Armour by 42.5% in the third quarter. Van Hulzen Asset Management LLC now owns 17,100 shares of the company’s stock worth $282,000 after buying an additional 5,100 shares during the period. IFP Advisors Inc increased its holdings in shares of Under Armour by 5.6% in the third quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock worth $1,604,000 after buying an additional 5,148 shares during the period. Finally, D.A. Davidson & CO. purchased a new position in shares of Under Armour in the second quarter worth about $118,000. Institutional investors and hedge funds own 31.22% of the company’s stock.
Several analysts recently issued reports on the company. Vetr cut Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 target price on the stock. in a research note on Monday. Telsey Advisory Group cut their target price on Under Armour from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 1st. Cowen reissued a “market perform” rating and issued a $18.00 target price on shares of Under Armour in a research note on Sunday, October 1st. KeyCorp raised Under Armour from a “sector weight” rating to an “overweight” rating and raised their target price for the stock from $16.41 to $20.00 in a research note on Monday, September 25th. Finally, Wedbush reissued a “neutral” rating and issued a $11.00 target price (down from $17.00) on shares of Under Armour in a research note on Wednesday, November 1st. Eighteen equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.92.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. sell-side analysts expect that Under Armour Inc will post 0.2 earnings per share for the current fiscal year.
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Under Armour Company 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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