Private Advisor Group LLC acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 44,695 shares of the company’s stock, valued at approximately $923,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aviva PLC purchased a new stake in shares of Under Armour during the 2nd quarter valued at $2,486,000. BKS Advisors LLC purchased a new stake in shares of Under Armour during the 2nd quarter valued at $1,224,000. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Under Armour during the 2nd quarter valued at $651,000. Chilton Investment Co. LLC purchased a new stake in shares of Under Armour during the 2nd quarter valued at $18,697,000. Finally, Tobam purchased a new stake in shares of Under Armour during the 2nd quarter valued at $5,966,000. 30.53% of the stock is owned by institutional investors.

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Shares of Under Armour, Inc. (NYSE UAA) opened at 17.42 on Tuesday. The company has a 50 day moving average of $18.00 and a 200 day moving average of $19.71. The stock has a market cap of $7.68 billion, a P/E ratio of 35.26 and a beta of -0.04. Under Armour, Inc. has a 12 month low of $15.92 and a 12 month high of $40.14.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts expect that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Vetr cut shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective for the company. in a research note on Monday, July 17th. Telsey Advisory Group lowered their price objective on shares of Under Armour from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, August 2nd. FBR & Co reissued an “underperform” rating and set a $14.00 price objective on shares of Under Armour in a research note on Wednesday, August 2nd. Canaccord Genuity lowered their price objective on shares of Under Armour from $21.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Finally, Buckingham Research lowered their price objective on shares of Under Armour from $15.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, August 2nd. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.65.

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.

Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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