RPG Investment Advisory LLC Has $4.10 Million Holdings in Under Armour Inc (UAA)

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RPG Investment Advisory LLC cut its holdings in Under Armour Inc (NYSE:UAA) by 15.8% in the 1st quarter, Holdings Channel reports. The fund owned 194,117 shares of the company’s stock after selling 36,490 shares during the period. RPG Investment Advisory LLC’s holdings in Under Armour were worth $4,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UAA. Bremer Trust National Association acquired a new position in Under Armour in the 4th quarter valued at $32,000. Oregon Public Employees Retirement Fund raised its holdings in Under Armour by 3,672.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 762,920 shares of the company’s stock valued at $43,000 after acquiring an additional 742,694 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Under Armour by 235.9% in the 4th quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock valued at $80,000 after acquiring an additional 3,180 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Under Armour in the 4th quarter valued at $99,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Under Armour in the 4th quarter valued at $105,000. Institutional investors own 39.24% of the company’s stock.

In related news, insider Paul Fipps sold 3,106 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $21.55, for a total value of $66,934.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.40% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the company. UBS Group boosted their price target on Under Armour from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, February 13th. Citigroup upgraded Under Armour from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $29.00 in a report on Wednesday, April 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $22.00 price target on shares of Under Armour in a report on Tuesday, February 12th. Argus restated a “hold” rating on shares of Under Armour in a report on Friday, February 22nd. Finally, ValuEngine downgraded Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Under Armour has an average rating of “Hold” and a consensus price target of $23.13.

NYSE UAA traded up $0.05 during trading hours on Monday, hitting $21.91. The company had a trading volume of 3,007,031 shares, compared to its average volume of 4,746,596. Under Armour Inc has a fifty-two week low of $15.91 and a fifty-two week high of $24.96. The company has a market cap of $9.85 billion, a P/E ratio of 81.15, a P/E/G ratio of 2.82 and a beta of 0.42. The company has a current ratio of 1.97, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. Under Armour had a positive return on equity of 6.11% and a negative net margin of 0.89%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Under Armour’s quarterly revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Under Armour Inc will post 0.33 EPS for the current fiscal year.

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Under Armour 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 and cold.

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Want to see what other hedge funds are holding UAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Under Armour Inc (NYSE:UAA).

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

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