Asset Management One Co. Ltd. boosted its stake in shares of Under Armour Inc (NYSE:UA) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 330,080 shares of the company’s stock after buying an additional 18,719 shares during the period. Asset Management One Co. Ltd. owned approximately 0.07% of Under Armour worth $4,959,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC purchased a new stake in Under Armour in the third quarter worth $103,000. Massey Quick Simon & CO. LLC bought a new position in shares of Under Armour during the 3rd quarter worth $139,000. First Mercantile Trust Co. bought a new position in shares of Under Armour during the 2nd quarter worth $141,000. Abbot Financial Management Inc. bought a new position in shares of Under Armour during the 3rd quarter worth $153,000. Finally, Ahrens Investment Partners LLC bought a new position in shares of Under Armour during the 3rd quarter worth $158,000. Institutional investors own 31.84% of the company’s stock.
Shares of Under Armour Inc (NYSE:UA) traded up $0.19 on Thursday, reaching $14.13. The company’s stock had a trading volume of 6,413,525 shares, compared to its average volume of 6,570,567. Under Armour Inc has a one year low of $10.36 and a one year high of $26.99. The firm has a market capitalization of $6,480.00 and a price-to-earnings ratio of 44.16.
A number of research firms have recently issued reports on UA. ValuEngine raised Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Piper Jaffray Companies set a $11.00 price objective on Under Armour and gave the company a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Under Armour in a research report on Friday, October 13th. Buckingham Research set a $14.00 price objective on Under Armour and gave the company a “sell” rating in a research report on Tuesday, October 31st. Finally, Susquehanna Bancshares reiterated a “sell” rating and issued a $11.00 price target on shares of Under Armour in a research note on Tuesday. Nine investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.14.
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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.
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