Under Armour, Inc. (UA) Shares Bought by Engineers Gate Manager LP
Engineers Gate Manager LP lifted its holdings in Under Armour, Inc. (NYSE:UA) by 1,007.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,994 shares of the company’s stock after buying an additional 115,531 shares during the quarter. Engineers Gate Manager LP’s holdings in Under Armour were worth $1,907,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Under Armour in the third quarter valued at about $103,000. Massey Quick Simon & CO. LLC bought a new position in shares of Under Armour in the third quarter valued at about $139,000. First Mercantile Trust Co. bought a new position in shares of Under Armour in the second quarter valued at about $141,000. Abbot Financial Management Inc. bought a new position in shares of Under Armour in the third quarter valued at about $153,000. Finally, Ahrens Investment Partners LLC bought a new position in shares of Under Armour in the third quarter valued at about $158,000. 31.86% of the stock is owned by institutional investors and hedge funds.
UA has been the subject of a number of research analyst reports. Pivotal Research set a $17.00 price target on Under Armour and gave the company a “hold” rating in a report on Sunday, October 29th. Jefferies Group reissued a “buy” rating and set a $28.00 price objective on shares of Under Armour in a report on Friday, October 13th. Wells Fargo & Company cut Under Armour from a “market perform” rating to a “sell” rating and dropped their price objective for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Oppenheimer restated a “hold” rating on shares of Under Armour in a research report on Friday, September 22nd. Finally, Forward View set a $17.00 target price on Under Armour and gave the stock a “hold” rating in a research report on Sunday, August 13th. Eight research 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 has a consensus rating of “Hold” and a consensus price target of $16.14.
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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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