ING Groep NV grew its holdings in Under Armour, Inc. (NYSE:UA) by 58.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,086 shares of the company’s stock after buying an additional 5,924 shares during the quarter. ING Groep NV’s holdings in Under Armour were worth $242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its holdings in Under Armour by 48.4% in the 2nd quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock worth $286,000 after buying an additional 305 shares during the period. Harbour Capital Advisors LLC lifted its holdings in Under Armour by 665.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 5,363 shares of the company’s stock worth $266,000 after buying an additional 4,662 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Under Armour in the 3rd quarter valued at approximately $103,000. First Mercantile Trust Co. purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $141,000. Finally, Massey Quick Simon & CO. LLC purchased a new position in shares of Under Armour in the 3rd quarter valued at approximately $139,000. Institutional investors and hedge funds own 31.87% of the company’s stock.

Under Armour, Inc. (UA) traded down $0.19 during mid-day trading on Friday, reaching $11.73. The company had a trading volume of 4,210,000 shares, compared to its average volume of 7,830,000. Under Armour, Inc. has a one year low of $10.36 and a one year high of $29.53. The company has a market cap of $5,470.00 and a price-to-earnings ratio of 29.07.

A number of research analysts have recently commented on the company. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 target price for the company. in a research note on Wednesday, September 13th. Forward View set a $17.00 target price on Under Armour and gave the company a “hold” rating in a research note on Sunday, August 13th. Jefferies Group restated a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research note on Friday, August 11th. Sanford C. Bernstein assumed coverage on Under Armour in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 target price for the company. Finally, Susquehanna Bancshares restated a “sell” rating and issued a $15.00 target price on shares of Under Armour in a research note on Monday, October 23rd. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.14.

WARNING: “Under Armour, Inc. (UA) Shares Bought by ING Groep NV” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/02/under-armour-inc-ua-shares-bought-by-ing-groep-nv.html.

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.

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.