Legacy Bridge LLC purchased a new stake in shares of Under Armour Inc (NYSE:UA) during the third quarter, HoldingsChannel reports. The fund purchased 2,125 shares of the company’s stock, valued at approximately $39,000.

A number of other large investors have also bought and sold shares of the business. Valeo Financial Advisors LLC raised its holdings in Under Armour by 96.7% during the third quarter. Valeo Financial Advisors LLC now owns 2,016 shares of the company’s stock valued at $37,000 after acquiring an additional 991 shares during the period. Pacer Advisors Inc. raised its holdings in Under Armour by 10.1% during the third quarter. Pacer Advisors Inc. now owns 20,000 shares of the company’s stock valued at $363,000 after acquiring an additional 1,839 shares during the period. Cerebellum GP LLC raised its holdings in Under Armour by 17.0% during the third quarter. Cerebellum GP LLC now owns 17,882 shares of the company’s stock valued at $324,000 after acquiring an additional 2,598 shares during the period. North Star Investment Management Corp. bought a new stake in Under Armour during the third quarter valued at about $55,000. Finally, Macquarie Group Ltd. raised its holdings in Under Armour by 230.0% during the second quarter. Macquarie Group Ltd. now owns 3,300 shares of the company’s stock valued at $81,000 after acquiring an additional 2,300 shares during the period. 33.39% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on UA shares. ValuEngine raised Under Armour from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised Under Armour from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 3rd. Evercore ISI reissued a “buy” rating and set a $33.00 price target on shares of Under Armour in a report on Sunday, August 11th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a report on Thursday, October 10th. Finally, Piper Jaffray Companies set a $30.00 price target on Under Armour and gave the company a “buy” rating in a report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.91.

In other news, insider Kevin Eskridge sold 56,500 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $17.69, for a total transaction of $999,485.00. Following the completion of the transaction, the insider now owns 196,374 shares in the company, valued at $3,473,856.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 15.90% of the company’s stock.

Shares of Under Armour stock traded up $0.03 during trading on Wednesday, reaching $18.49. 37,860 shares of the stock traded hands, compared to its average volume of 1,490,433. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 52.17 and a beta of 1.05. The business has a fifty day simple moving average of $17.84 and a two-hundred day simple moving average of $20.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11. Under Armour Inc has a 52-week low of $15.05 and a 52-week high of $24.55.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $1.19 billion during the quarter. Under Armour had a return on equity of 7.83% and a net margin of 1.62%.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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

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