Scotia Capital Inc. Has $290,000 Position in Under Armour, Inc. (NYSE:UA)

Scotia Capital Inc. decreased its stake in Under Armour, Inc. (NYSE:UA) by 31.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,365 shares of the company’s stock after selling 6,677 shares during the period. Scotia Capital Inc.’s holdings in Under Armour were worth $290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. United Capital Financial Advisers LLC boosted its holdings in Under Armour by 44.1% in the first quarter. United Capital Financial Advisers LLC now owns 52,298 shares of the company’s stock valued at $1,034,000 after purchasing an additional 16,017 shares during the last quarter. Two Sigma Securities LLC boosted its holdings in Under Armour by 60.6% in the first quarter. Two Sigma Securities LLC now owns 13,569 shares of the company’s stock valued at $268,000 after purchasing an additional 5,119 shares during the last quarter. Paloma Partners Management Co boosted its holdings in Under Armour by 100.1% in the first quarter. Paloma Partners Management Co now owns 59,524 shares of the company’s stock valued at $1,178,000 after purchasing an additional 29,772 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Under Armour by 160.4% in the first quarter. Tudor Investment Corp ET AL now owns 94,707 shares of the company’s stock valued at $1,873,000 after purchasing an additional 58,341 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC boosted its holdings in Under Armour by 2.8% in the first quarter. Grandeur Peak Global Advisors LLC now owns 47,250 shares of the company’s stock valued at $935,000 after purchasing an additional 1,300 shares during the last quarter. 30.24% of the stock is owned by institutional investors.

UA has been the subject of a number of analyst reports. BidaskClub raised Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Vetr raised Under Armour from a “sell” rating to a “hold” rating and set a $19.26 target price on the stock in a report on Thursday, June 29th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Under Armour in a report on Friday, July 7th. Deutsche Bank AG cut Under Armour from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Buckingham Research set a $15.00 price target on Under Armour and gave the stock a “sell” rating in a research report on Thursday, July 27th. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.05.

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Shares of Under Armour, Inc. (NYSE UA) opened at 14.53 on Friday. Under Armour, Inc. has a 1-year low of $14.29 and a 1-year high of $29.53. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 29.41 and a beta of 1.16. The stock’s 50 day moving average price is $15.44 and its 200 day moving average price is $17.47.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The business had revenue of $1.09 billion for the quarter. Analysts expect that Under Armour, Inc. will post $0.37 EPS for the current year.

About Under Armour

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.

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

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