AMP Capital Investors Ltd Trims Position in Under Armour Inc (UA)

AMP Capital Investors Ltd trimmed its holdings in shares of Under Armour Inc (NYSE:UA) by 29.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,876 shares of the company’s stock after selling 17,073 shares during the period. AMP Capital Investors Ltd’s holdings in Under Armour were worth $628,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC grew its position in shares of Under Armour by 48.4% during the second quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock worth $286,000 after acquiring an additional 305 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in Under Armour in the 3rd quarter valued at about $103,000. First Mercantile Trust Co. bought a new position in Under Armour in the 2nd quarter valued at about $141,000. Massey Quick Simon & CO. LLC bought a new position in Under Armour in the 3rd quarter valued at about $139,000. Finally, Great Lakes Advisors LLC bought a new position in Under Armour in the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 31.84% of the company’s stock.

Shares of Under Armour Inc (NYSE:UA) traded up $0.02 during mid-day trading on Friday, reaching $14.14. The company’s stock had a trading volume of 4,570,000 shares, compared to its average volume of 5,570,000. 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 $6,500.00 and a P/E ratio of 44.19.

A number of brokerages recently issued reports on UA. DA Davidson lowered shares of Under Armour to a “hold” rating and set a $15.00 target price for the company. in a research report on Tuesday, October 31st. FBR & Co reissued a “sell” rating and issued a $10.00 price target on shares of Under Armour in a report on Tuesday, October 31st. Oppenheimer reissued a “hold” rating on shares of Under Armour in a report on Tuesday, October 31st. SunTrust Banks downgraded shares of Under Armour from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a report on Wednesday, November 1st. Finally, Wells Fargo & Co set a $11.00 price objective on shares of Under Armour and gave the company a “sell” rating in a research note on Tuesday, October 31st. Nine research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Under Armour has an average rating of “Hold” and a consensus target price of $16.14.

TRADEMARK VIOLATION WARNING: “AMP Capital Investors Ltd Trims Position in Under Armour Inc (UA)” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/01/13/amp-capital-investors-ltd-cuts-position-in-under-armour-inc-ua.html.

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)

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply