Under Armour Inc (UA) Stake Decreased by Covenant Asset Management LLC

Covenant Asset Management LLC decreased its stake in Under Armour Inc (NYSE:UA) by 62.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,914 shares of the company’s stock after selling 64,409 shares during the period. Covenant Asset Management LLC’s holdings in Under Armour were worth $770,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. City Holding Co. raised its stake in Under Armour by 50.5% in the first quarter. City Holding Co. now owns 26,045 shares of the company’s stock valued at $515,000 after buying an additional 8,740 shares during the last quarter. Capital Impact Advisors LLC raised its stake in Under Armour by 58.6% in the first quarter. Capital Impact Advisors LLC now owns 60,501 shares of the company’s stock valued at $1,197,000 after buying an additional 22,364 shares during the last quarter. Bank of The West raised its stake in Under Armour by 4.2% in the first quarter. Bank of The West now owns 84,479 shares of the company’s stock valued at $1,671,000 after buying an additional 3,404 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Under Armour during the first quarter valued at about $627,000. Finally, Independent Advisor Alliance purchased a new stake in Under Armour during the fourth quarter valued at about $1,174,000.

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

Shares of Under Armour Inc (NYSE:UA) traded down 3.20% on Friday, reaching $17.53. 4,003,374 shares of the company were exchanged. Under Armour Inc has a 52-week low of $17.05 and a 52-week high of $46.18. The stock has a 50 day moving average of $18.10 and a 200-day moving average of $23.70. The company has a market capitalization of $7.69 billion and a P/E ratio of 39.39.

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Several equities research analysts have recently issued reports on the stock. Canaccord Genuity set a $20.00 target price on shares of Under Armour and gave the stock a “hold” rating in a research note on Thursday. Wedbush reissued an “outperform” rating and set a $25.00 target price on shares of Under Armour in a research note on Friday, April 14th. Robert W. Baird reissued an “outperform” rating and set a $25.00 target price on shares of Under Armour in a research note on Friday, April 14th. FBR & Co reissued a “neutral” rating and set a $18.00 target price on shares of Under Armour in a research note on Friday, April 14th. Finally, Piper Jaffray Companies set a $17.00 target price on shares of Under Armour and gave the stock a “hold” rating in a research note on Monday, April 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Under Armour has an average rating of “Hold” and an average price target of $20.25.

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.

5 Day Chart for NYSE:UA

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