Rhumbline Advisers lowered its holdings in Under Armour, Inc. (NYSE:UA) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 317,923 shares of the company’s stock after selling 4,691 shares during the period. Rhumbline Advisers owned approximately 0.07% of Under Armour worth $4,775,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UA. NGAM Advisors L.P. boosted its holdings in Under Armour by 299.8% in the 2nd quarter. NGAM Advisors L.P. now owns 81,137 shares of the company’s stock valued at $1,635,000 after purchasing an additional 60,842 shares during the period. Harbour Capital Advisors LLC boosted 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 valued at $266,000 after purchasing an additional 4,662 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Under Armour by 127.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 544,203 shares of the company’s stock valued at $10,953,000 after purchasing an additional 304,826 shares during the period. Trust Investment Advisors boosted its holdings in Under Armour by 11.2% in the 2nd quarter. Trust Investment Advisors now owns 18,701 shares of the company’s stock valued at $377,000 after purchasing an additional 1,883 shares during the period. Finally, Hunting Hill Global Capital LLC boosted its holdings in Under Armour by 296.1% in the 2nd quarter. Hunting Hill Global Capital LLC now owns 215,383 shares of the company’s stock valued at $4,342,000 after purchasing an additional 161,004 shares during the period. 31.86% of the stock is owned by hedge funds and other institutional investors.

Under Armour, Inc. (NYSE:UA) traded down $0.20 during mid-day trading on Monday, reaching $11.73. 4,208,100 shares of the company were exchanged, compared to its average volume of 4,537,329. Under Armour, Inc. has a twelve month low of $10.36 and a twelve month high of $29.53. The firm has a market cap of $5,181.10, a PE ratio of 28.61 and a beta of 1.02.

A number of brokerages have recently weighed in on UA. ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies set a $11.00 price target on shares of Under Armour and gave the stock a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Under Armour in a report on Friday, October 13th. Forward View set a $17.00 price target on shares of Under Armour and gave the stock a “hold” rating in a report on Sunday, August 13th. Finally, Buckingham Research set a $14.00 price target on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, October 31st. 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. The company has an average rating of “Hold” and an average price target of $16.14.

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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.

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

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