MERIAN GLOBAL INVESTORS UK Ltd grew its stake in Under Armour Inc (NYSE:UAA) by 50.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,988,920 shares of the company’s stock after purchasing an additional 1,007,159 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Under Armour were worth $63,185,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC acquired a new position in shares of Under Armour in the 1st quarter valued at about $25,000. Bremer Trust National Association acquired a new position in shares of Under Armour in the 4th quarter valued at about $32,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Under Armour by 3,672.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 762,920 shares of the company’s stock valued at $43,000 after buying an additional 742,694 shares during the period. Whittier Trust Co. lifted its holdings in shares of Under Armour by 687.2% in the 1st quarter. Whittier Trust Co. now owns 3,700 shares of the company’s stock valued at $78,000 after buying an additional 3,230 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in shares of Under Armour by 235.9% in the 4th quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock valued at $80,000 after buying an additional 3,180 shares during the period. 35.42% of the stock is owned by institutional investors and hedge funds.
In other Under Armour news, insider Paul Fipps sold 3,106 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $21.55, for a total transaction of $66,934.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is currently owned by insiders.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. Under Armour had a return on equity of 7.17% and a net margin of 0.12%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Under Armour’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts forecast that Under Armour Inc will post 0.35 earnings per share for the current year.
Several brokerages recently weighed in on UAA. Zacks Investment Research lowered Under Armour from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Credit Suisse Group restated a “neutral” rating and issued a $26.00 price target on shares of Under Armour in a research note on Tuesday, April 30th. UBS Group lifted their price target on Under Armour from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, February 13th. B. Riley restated a “sell” rating and issued a $12.00 price target on shares of Under Armour in a research note on Tuesday, February 5th. Finally, Pivotal Research restated a “hold” rating and issued a $22.00 price target (down previously from $24.00) on shares of Under Armour in a research note on Thursday, February 7th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Under Armour currently has an average rating of “Hold” and an average price target of $24.03.
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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 and cold.
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