Bank of Montreal Can Has $1.12 Million Stake in Under Armour, Inc. (UA)
Bank of Montreal Can decreased its stake in Under Armour, Inc. (NYSE:UA) by 76.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 55,375 shares of the company’s stock after selling 177,256 shares during the period. Bank of Montreal Can’s holdings in Under Armour were worth $1,116,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its position 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. Private Capital Management Inc. purchased a new position in Under Armour during the first quarter worth $158,000. Compton Capital Management Inc. RI boosted its position in 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 during the period. First Financial Equity Corporation purchased a new position in Under Armour during the first quarter worth $225,000. Finally, Two Sigma Securities LLC boosted its position in Under Armour by 60.6% in the first quarter. Two Sigma Securities LLC now owns 13,569 shares of the company’s stock worth $268,000 after buying an additional 5,119 shares during the period. Institutional investors and hedge funds own 57.08% of the company’s stock.
Shares of Under Armour, Inc. (UA) traded down 3.93% during mid-day trading on Friday, reaching $15.64. 5,382,648 shares of the company’s stock traded hands. Under Armour, Inc. has a 12-month low of $15.54 and a 12-month high of $42.94. The company has a market cap of $6.90 billion, a P/E ratio of 31.66 and a beta of 0.78. The company’s 50 day moving average is $17.92 and its 200 day moving average is $18.51.
Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion for the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. On average, analysts predict that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
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A number of research analysts recently weighed in on the stock. Vetr upgraded shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.82 target price on the stock in a research note on Wednesday. Forward View set a $17.00 target price on shares of Under Armour and gave the company a “hold” rating in a research note on Sunday, August 13th. Jefferies Group LLC restated a “buy” rating and set a $28.00 target price on shares of Under Armour in a research note on Friday, August 11th. Canaccord Genuity restated a “hold” rating and set a $18.00 target price (down previously from $21.00) on shares of Under Armour in a research note on Thursday, August 3rd. Finally, Buckingham Research set a $14.00 target price on shares of Under Armour and gave the company a “sell” rating in a research note on Thursday, August 3rd. Eight investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Under Armour has a consensus rating of “Hold” and an average 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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