Under Armour (UA) Shares Sold by Bamco Inc. NY

Bamco Inc. NY trimmed its stake in Under Armour (NYSE:UA) by 24.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,000 shares of the company’s stock after selling 11,375 shares during the period. Bamco Inc. NY’s holdings in Under Armour were worth $517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky grew its position in Under Armour by 3.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 119,482 shares of the company’s stock worth $1,591,000 after purchasing an additional 3,524 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in Under Armour by 11.6% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 34,658 shares of the company’s stock worth $460,000 after purchasing an additional 3,616 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Under Armour by 16.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 29,500 shares of the company’s stock worth $393,000 after purchasing an additional 4,100 shares during the last quarter. LS Investment Advisors LLC grew its position in Under Armour by 44.0% in the 4th quarter. LS Investment Advisors LLC now owns 15,458 shares of the company’s stock worth $206,000 after purchasing an additional 4,722 shares during the last quarter. Finally, Fulton Bank N.A. grew its position in Under Armour by 10.3% in the 1st quarter. Fulton Bank N.A. now owns 51,772 shares of the company’s stock worth $743,000 after purchasing an additional 4,816 shares during the last quarter. Institutional investors own 34.41% of the company’s stock.

In related news, insider Kerry D. Chandler sold 19,643 shares of Under Armour stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.09, for a total transaction of $296,412.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey Sanders sold 6,372 shares of Under Armour stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $16.29, for a total transaction of $103,799.88. Following the transaction, the director now directly owns 257,439 shares of the company’s stock, valued at $4,193,681.31. The disclosure for this sale can be found here. Insiders have sold a total of 67,364 shares of company stock valued at $1,068,255 over the last three months. 16.00% of the stock is currently owned by insiders.

Several analysts have issued reports on the stock. B. Riley restated a “sell” rating and issued a $9.00 price target on shares of Under Armour in a research report on Wednesday, May 2nd. Stifel Nicolaus set a $18.00 target price on shares of Under Armour and gave the company a “buy” rating in a research report on Tuesday, April 24th. Canaccord Genuity reiterated a “sell” rating and set a $9.00 target price on shares of Under Armour in a research report on Monday, April 30th. Deutsche Bank upgraded shares of Under Armour to a “hold” rating and set a $16.00 target price on the stock in a research report on Monday, April 23rd. Finally, Pivotal Research reiterated a “hold” rating and set a $16.00 target price on shares of Under Armour in a research report on Friday, April 27th. Eleven research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $14.16.

Shares of Under Armour opened at $17.81 on Wednesday, MarketBeat.com reports. Under Armour has a 12-month low of $10.36 and a 12-month high of $21.81. The stock has a market cap of $8.00 billion, a P/E ratio of 94.74 and a beta of -0.76.

About Under Armour

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, cold, and in between the extremes.

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

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