ProShare Advisors LLC Sells 110,473 Shares of Under Armour, Inc. (UA)
ProShare Advisors LLC trimmed its stake in shares of Under Armour, Inc. (NYSE:UA) by 88.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,811 shares of the company’s stock after selling 110,473 shares during the quarter. ProShare Advisors LLC’s holdings in Under Armour were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UA. Pacer Advisors Inc. boosted its holdings in 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 purchasing an additional 220 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Under Armour during the second quarter valued at approximately $141,000. Great Lakes Advisors LLC acquired a new stake in Under Armour during the second quarter valued at approximately $202,000. Delta Lloyd Asset Management N.V. acquired a new stake in Under Armour during the second quarter valued at approximately $218,000. Finally, First Financial Equity Corporation acquired a new stake in Under Armour during the first quarter valued at approximately $225,000. 30.23% of the stock is currently owned by institutional investors.
Under Armour, Inc. (NYSE:UA) opened at 15.51 on Wednesday. Under Armour, Inc. has a 1-year low of $14.80 and a 1-year high of $34.20. The stock has a 50 day moving average of $15.57 and a 200-day moving average of $17.73. The company has a market cap of $6.84 billion, a PE ratio of 31.40 and a beta of 1.16.
Under Armour (NYSE:UA) last posted 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. 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, equities research analysts predict that Under Armour, Inc. will post $0.37 earnings per share for the current year.
A number of research firms have weighed in on UA. Jefferies Group LLC set a $28.00 price objective on Under Armour and gave the company a “buy” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Under Armour in a report on Tuesday, August 1st. Canaccord Genuity reaffirmed a “hold” rating and set a $18.00 price objective (down from $21.00) on shares of Under Armour in a report on Thursday, August 3rd. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.82 price objective on the stock in a report on Wednesday, August 16th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $17.00 price objective on shares of Under Armour in a report on Wednesday, August 2nd. Nine equities research analysts have rated the stock with a sell rating, nine have assigned 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 target price of $18.16.
Under Armour 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.
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