New York State Common Retirement Fund reduced its stake in shares of Under Armour, Inc. (NYSE:UA) by 49.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 396,876 shares of the company’s stock after selling 390,902 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Under Armour worth $8,001,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of UA. Pacer Advisors Inc. grew its stake in shares of Under Armour by 3.3% during the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares during the last quarter. Menta Capital LLC bought a new position in shares of Under Armour during the first quarter valued at approximately $1,571,000. Mackenzie Financial Corp grew its stake in shares of Under Armour by 308.0% during the first quarter. Mackenzie Financial Corp now owns 169,642 shares of the company’s stock valued at $3,356,000 after buying an additional 128,063 shares during the last quarter. United Capital Financial Advisers LLC grew its stake in shares of Under Armour by 44.1% during the first quarter. United Capital Financial Advisers LLC now owns 52,298 shares of the company’s stock valued at $1,034,000 after buying an additional 16,017 shares during the last quarter. Finally, Two Sigma Securities LLC grew its stake in shares of Under Armour by 60.6% during the first quarter. Two Sigma Securities LLC now owns 13,569 shares of the company’s stock valued at $268,000 after buying an additional 5,119 shares during the last quarter. 30.23% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “New York State Common Retirement Fund Has $8 Million Holdings in Under Armour, Inc. (UA)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/11/new-york-state-common-retirement-fund-has-8-million-holdings-in-under-armour-inc-ua.html.

Shares of Under Armour, Inc. (UA) opened at 15.51 on Wednesday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 31.40 and a beta of 1.16. The stock’s 50 day moving average price is $15.57 and its 200 day moving average price is $17.73. Under Armour, Inc. has a one year low of $14.80 and a one year high of $34.20.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. Analysts forecast that Under Armour, Inc. will post $0.37 earnings per share for the current year.

UA has been the topic of a number of analyst reports. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 target price on the stock. in a research note on Wednesday, September 13th. Jefferies Group LLC set a $28.00 target price on Under Armour and gave the company a “buy” rating in a research note on Monday, July 31st. BidaskClub cut Under Armour from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Credit Suisse Group set a $17.00 target price on Under Armour and gave the company a “sell” rating in a research note on Wednesday, June 14th. Finally, Sanford C. Bernstein initiated coverage on Under Armour in a research note on Tuesday, September 12th. They set an “underperform” rating and a $14.00 target price on the stock. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Under Armour currently has an average rating of “Hold” and an average price target of $18.16.

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:UA)

Receive News & Stock Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related stocks with our FREE daily email newsletter.