Bank of Montreal Can Has $1.97 Million Position in Under Armour Inc (UA)

Bank of Montreal Can decreased its position in Under Armour Inc (NYSE:UA) by 16.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,453 shares of the company’s stock after selling 24,148 shares during the period. Bank of Montreal Can’s holdings in Under Armour were worth $1,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UA. Vanguard Group Inc lifted its stake in shares of Under Armour by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 19,163,832 shares of the company’s stock worth $372,929,000 after purchasing an additional 192,829 shares during the period. American Century Companies Inc. lifted its stake in shares of Under Armour by 24.2% in the 3rd quarter. American Century Companies Inc. now owns 3,751,475 shares of the company’s stock worth $73,004,000 after purchasing an additional 731,165 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Under Armour by 5.4% in the 3rd quarter. Baillie Gifford & Co. now owns 3,591,488 shares of the company’s stock worth $69,890,000 after purchasing an additional 182,691 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Under Armour by 187.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,445,502 shares of the company’s stock worth $28,129,000 after purchasing an additional 942,714 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Under Armour by 233.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the company’s stock worth $19,460,000 after purchasing an additional 700,000 shares during the period. Institutional investors own 32.96% of the company’s stock.

Several equities analysts have recently weighed in on UA shares. ValuEngine upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Pivotal Research set a $20.00 price objective on shares of Under Armour and gave the stock a “hold” rating in a research note on Friday, October 26th. B. Riley set a $9.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a research note on Wednesday, December 12th. Canaccord Genuity set a $12.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a research note on Friday, October 26th. Finally, Piper Jaffray Companies set a $30.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a research note on Monday, December 31st. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.78.



In related news, CFO David Bergman sold 2,500 shares of the stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $22.00, for a total value of $55,000.00. Following the completion of the sale, the chief financial officer now directly owns 157,666 shares of the company’s stock, valued at approximately $3,468,652. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.00% of the company’s stock.

Under Armour stock opened at $19.15 on Tuesday. The company has a market capitalization of $8.54 billion, a P/E ratio of 100.79 and a beta of 0.91. Under Armour Inc has a 12-month low of $12.60 and a 12-month high of $23.28.

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Under Armour Company 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, cold, and in between the extremes.

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

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