Bamco Inc. NY trimmed its position in shares of Under Armour Inc (NYSE:UA) by 98.7% in the 4th quarter, HoldingsChannel reports. The fund owned 47,375 shares of the company’s stock after selling 3,673,994 shares during the quarter. Bamco Inc. NY’s holdings in Under Armour were worth $631,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Under Armour during the fourth quarter worth $127,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Under Armour during the third quarter worth $139,000. CIBC World Markets Inc. purchased a new stake in shares of Under Armour during the fourth quarter worth $157,000. Boston Private Wealth LLC purchased a new stake in shares of Under Armour during the third quarter worth $159,000. Finally, Mengis Capital Management Inc. purchased a new stake in shares of Under Armour during the fourth quarter worth $170,000. Institutional investors and hedge funds own 32.38% of the company’s stock.
Several research firms have commented on UA. Stifel Nicolaus raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Friday, December 15th. Vetr raised shares of Under Armour from a “sell” rating to a “buy” rating and set a $14.91 target price on the stock in a research report on Wednesday, December 20th. Susquehanna Bancshares reissued a “sell” rating and set a $11.00 target price on shares of Under Armour in a research report on Tuesday, January 9th. Deutsche Bank set a $12.00 target price on shares of Under Armour and gave the stock a “sell” rating in a research report on Thursday, December 14th. Finally, Pivotal Research set a $14.00 target price on shares of Under Armour and gave the stock a “hold” rating in a research report on Monday, February 12th. Ten research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.67.
In other news, insider Kerry D. Chandler sold 19,643 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $15.09, for a total value of $296,412.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Under Armour Inc (NYSE UA) opened at $15.24 on Tuesday. The stock has a market capitalization of $7,150.00 and a PE ratio of -762.00. Under Armour Inc has a 1 year low of $10.36 and a 1 year high of $21.81.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $1.37 billion during the quarter. Under Armour had a negative net margin of 0.97% and a positive return on equity of 9.38%. During the same quarter in the prior year, the company posted $0.23 earnings per share.
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Under Armour Company Profile
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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