Twin Capital Management Inc. decreased its stake in Under Armour Inc (NYSE:UAA) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,420 shares of the company’s stock after selling 13,460 shares during the period. Twin Capital Management Inc.’s holdings in Under Armour were worth $4,016,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of UAA. Artisan Partners Limited Partnership boosted its holdings in Under Armour by 25.0% in the first quarter. Artisan Partners Limited Partnership now owns 3,241,969 shares of the company’s stock valued at $68,535,000 after purchasing an additional 649,166 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Under Armour by 50.8% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,988,920 shares of the company’s stock valued at $63,185,000 after buying an additional 1,007,159 shares in the last quarter. Geode Capital Management LLC raised its stake in Under Armour by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 2,412,785 shares of the company’s stock valued at $42,551,000 after buying an additional 228,475 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Under Armour by 0.5% during the first quarter. Parametric Portfolio Associates LLC now owns 988,645 shares of the company’s stock valued at $20,900,000 after buying an additional 5,181 shares in the last quarter. Finally, Norges Bank acquired a new stake in Under Armour during the fourth quarter valued at approximately $13,859,000. 37.29% of the stock is owned by institutional investors.
UAA traded up $0.30 during trading hours on Friday, hitting $18.81. The company’s stock had a trading volume of 185,301 shares, compared to its average volume of 6,133,413. Under Armour Inc has a fifty-two week low of $16.52 and a fifty-two week high of $27.72. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $8.96 billion, a PE ratio of 69.37, a PEG ratio of 2.17 and a beta of 0.51. The company has a 50-day simple moving average of $24.62 and a 200 day simple moving average of $23.14.
Several brokerages have issued reports on UAA. Credit Suisse Group restated a “neutral” rating and set a $26.00 price objective on shares of Under Armour in a research note on Tuesday, April 30th. Pivotal Research restated a “hold” rating and set a $25.00 price objective (up previously from $23.00) on shares of Under Armour in a research note on Wednesday, July 24th. Wells Fargo & Co upped their price objective on Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, May 8th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $25.00 price objective (up previously from $22.00) on shares of Under Armour in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Under Armour currently has a consensus rating of “Hold” and an average price target of $24.47.
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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