Xact Kapitalforvaltning AB Boosts Holdings in Under Armour (UAA)

Xact Kapitalforvaltning AB boosted its position in Under Armour (NYSE:UAA) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,565 shares of the company’s stock after purchasing an additional 4,778 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Under Armour were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UAA. Nationwide Fund Advisors raised its holdings in Under Armour by 6.8% in the third quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after purchasing an additional 3,338 shares in the last quarter. First Trust Advisors LP bought a new position in Under Armour in the third quarter worth $196,000. Bank of New York Mellon Corp raised its holdings in Under Armour by 29.5% in the third quarter. Bank of New York Mellon Corp now owns 1,795,182 shares of the company’s stock worth $29,585,000 after purchasing an additional 408,578 shares in the last quarter. Legal & General Group Plc raised its holdings in Under Armour by 2.6% in the third quarter. Legal & General Group Plc now owns 842,188 shares of the company’s stock worth $13,880,000 after purchasing an additional 21,693 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Under Armour by 49.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,051,506 shares of the company’s stock worth $17,329,000 after purchasing an additional 347,264 shares in the last quarter. Institutional investors and hedge funds own 33.67% of the company’s stock.

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A number of equities analysts have issued reports on UAA shares. Stifel Nicolaus upgraded Under Armour from a “hold” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $17.00 in a report on Friday, December 15th. ValuEngine downgraded Under Armour from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Vetr downgraded Under Armour from a “strong-buy” rating to a “buy” rating and set a $17.98 price objective for the company. in a report on Wednesday, February 14th. Credit Suisse Group started coverage on Under Armour in a report on Monday, March 12th. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, DA Davidson increased their price objective on Under Armour from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Eighteen equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $14.92.

Under Armour stock opened at $16.98 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 2.20. Under Armour has a one year low of $11.40 and a one year high of $23.46. The firm has a market cap of $7,910.44, a P/E ratio of 89.37, a price-to-earnings-growth ratio of 5.05 and a beta of -0.23.

In related news, insider Kerry D. Chandler sold 2,534 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $16.79, for a total transaction of $42,545.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.40% of the company’s stock.

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Under Armour Company Profile

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:UAA)

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