Swiss National Bank reduced its holdings in Under Armour Inc (NYSE:UA) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 626,112 shares of the company’s stock after selling 21,200 shares during the period. Swiss National Bank owned approximately 0.14% of Under Armour worth $13,900,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Under Armour by 11.1% during the 4th quarter. Geode Capital Management LLC now owns 2,454,709 shares of the company’s stock worth $39,629,000 after purchasing an additional 245,013 shares in the last quarter. GMT Capital Corp acquired a new stake in shares of Under Armour during the 1st quarter worth approximately $11,786,000. State of Wisconsin Investment Board grew its holdings in shares of Under Armour by 370.4% during the 1st quarter. State of Wisconsin Investment Board now owns 607,829 shares of the company’s stock worth $11,470,000 after purchasing an additional 478,620 shares in the last quarter. Norges Bank acquired a new stake in shares of Under Armour during the 4th quarter worth approximately $7,838,000. Finally, Segantii Capital Management Ltd grew its holdings in shares of Under Armour by 24.2% during the 2nd quarter. Segantii Capital Management Ltd now owns 453,137 shares of the company’s stock worth $10,060,000 after purchasing an additional 88,193 shares in the last quarter. 32.49% of the stock is currently owned by institutional investors.
Shares of UA stock opened at $16.15 on Friday. The stock’s fifty day simple moving average is $20.87 and its 200 day simple moving average is $20.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 59.81 and a beta of 0.96. Under Armour Inc has a one year low of $15.05 and a one year high of $24.55.
UA has been the topic of several recent analyst reports. ValuEngine lowered Under Armour from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Piper Jaffray Companies set a $30.00 price target on Under Armour and gave the company a “buy” rating in a research note on Monday, June 24th. Pivotal Research reaffirmed a “hold” rating and issued a $25.00 price target on shares of Under Armour in a research note on Wednesday, July 24th. Evercore ISI reaffirmed a “buy” rating and issued a $33.00 price target on shares of Under Armour in a research note on Sunday, August 11th. Finally, Stifel Nicolaus set a $30.00 price target on Under Armour and gave the company a “buy” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.91.
In other Under Armour news, insider Kevin Eskridge sold 56,500 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $17.69, for a total value of $999,485.00. Following the transaction, the insider now owns 196,374 shares of the company’s stock, valued at $3,473,856.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.90% of the stock is currently owned by insiders.
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 and cold.
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