Under Armour, Inc. (UA) Shares Sold by Blair William & Co. IL
Blair William & Co. IL decreased its stake in Under Armour, Inc. (NYSE:UA) by 67.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,969 shares of the company’s stock after selling 104,247 shares during the period. Blair William & Co. IL’s holdings in Under Armour were worth $1,007,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. WCM Investment Management CA boosted its stake in shares of Under Armour by 19.5% in the second quarter. WCM Investment Management CA now owns 1,368,431 shares of the company’s stock valued at $27,588,000 after buying an additional 223,415 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Under Armour by 127.3% in the second quarter. Great West Life Assurance Co. Can now owns 544,203 shares of the company’s stock valued at $10,953,000 after buying an additional 304,826 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Under Armour during the first quarter valued at approximately $8,594,000. Tobam acquired a new stake in shares of Under Armour during the first quarter valued at approximately $5,355,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of Under Armour during the second quarter valued at approximately $5,286,000. 61.69% of the stock is currently owned by institutional investors.
Under Armour, Inc. (NYSE:UA) opened at 15.34 on Wednesday. The firm has a market capitalization of $6.76 billion, a PE ratio of 31.05 and a beta of 0.78. The firm’s 50-day moving average is $17.36 and its 200-day moving average is $18.41. Under Armour, Inc. has a 52-week low of $15.05 and a 52-week high of $38.53.
Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. The company had revenue of $1.09 billion during the quarter. On average, analysts anticipate that Under Armour, Inc. will post $0.38 earnings per share for the current year.
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UA has been the subject of several research reports. Vetr upgraded shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price objective for the company in a research note on Monday, May 15th. BidaskClub cut shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Under Armour in a research note on Monday, June 26th. Wells Fargo & Company set a $19.00 price objective on shares of Under Armour and gave the company a “hold” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC set a $28.00 price objective on shares of Under Armour and gave the company a “buy” rating in a research note on Tuesday, June 20th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Under Armour presently has an average rating of “Hold” and a consensus price target 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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