Under Armour, Inc. (UA) Shares Sold by BKS Advisors LLC
BKS Advisors LLC lowered its position in shares of Under Armour, Inc. (NYSE:UA) by 53.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,366 shares of the company’s stock after selling 56,246 shares during the period. BKS Advisors LLC’s holdings in Under Armour were worth $975,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. WCM Investment Management CA boosted its stake in 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. American Century Companies Inc. purchased a new stake in Under Armour during the second quarter valued at $19,429,000. Contrarius Investment Management Ltd purchased a new stake in Under Armour during the second quarter valued at $17,656,000. Great West Life Assurance Co. Can boosted its stake in 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. Finally, Quantitative Investment Management LLC purchased a new stake in Under Armour during the first quarter valued at $8,594,000. Institutional investors own 61.69% of the company’s stock.
Shares of Under Armour, Inc. (UA) opened at 15.18 on Thursday. Under Armour, Inc. has a 12 month low of $15.10 and a 12 month high of $38.53. The stock has a 50 day moving average price of $17.36 and a 200-day moving average price of $18.41. The company has a market capitalization of $6.69 billion, a PE ratio of 30.73 and a beta of 0.78.
Under Armour (NYSE:UA) last announced its quarterly earnings data 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 for the quarter. Analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current year.
UA has been the topic of several research reports. Vetr raised Under Armour from a “hold” rating to a “buy” rating and set a $18.88 price objective on the stock in a research report on Tuesday, July 25th. Jefferies Group LLC set a $28.00 price objective on Under Armour and gave the company a “buy” rating in a research report on Monday, July 31st. BidaskClub raised Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Deutsche Bank AG cut Under Armour from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group set a $17.00 price objective on Under Armour and gave the company a “sell” rating in a research report on Wednesday, June 14th. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Under Armour presently 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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