Norinchukin Bank The Boosts Stake in Under Armour Inc (UA)

Norinchukin Bank The grew its position in shares of Under Armour Inc (NYSE:UA) by 15.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,544 shares of the company’s stock after acquiring an additional 3,202 shares during the quarter. Norinchukin Bank The’s holdings in Under Armour were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UA. Bank of Montreal Can acquired a new position in shares of Under Armour during the second quarter valued at about $2,361,000. Nisa Investment Advisors LLC acquired a new position in Under Armour in the second quarter worth about $1,035,000. Cornerstone Wealth Management LLC acquired a new position in Under Armour in the second quarter worth about $1,318,000. Steward Partners Investment Advisory LLC raised its position in Under Armour by 629.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 10,317 shares of the company’s stock worth $217,000 after purchasing an additional 8,903 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Under Armour by 23.5% in the second quarter. Janney Montgomery Scott LLC now owns 42,583 shares of the company’s stock worth $898,000 after purchasing an additional 8,091 shares in the last quarter. Hedge funds and other institutional investors own 32.19% of the company’s stock.

In other news, CFO David Bergman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $21.30, for a total transaction of $106,500.00. Following the completion of the sale, the chief financial officer now owns 160,166 shares of the company’s stock, valued at $3,411,535.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 16.00% of the company’s stock.

NYSE UA opened at $20.08 on Monday. The company has a market cap of $9.00 billion, a PE ratio of 105.68 and a beta of -0.59. Under Armour Inc has a 1-year low of $11.25 and a 1-year high of $22.68.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.13. The firm had revenue of $1.44 billion for the quarter. Equities research analysts forecast that Under Armour Inc will post 0.17 EPS for the current year.

Several research firms recently issued reports on UA. Piper Jaffray Companies raised shares of Under Armour to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, November 5th. TheStreet raised shares of Under Armour from a “d+” rating to a “c-” rating in a research report on Tuesday, October 30th. Canaccord Genuity set a $13.00 price target on shares of Under Armour and gave the stock a “sell” rating in a research report on Thursday, November 1st. Cowen set a $21.00 price target on shares of Under Armour and gave the stock a “hold” rating in a research report on Tuesday, October 30th. Finally, Pivotal Research set a $20.00 price target on shares of Under Armour and gave the stock a “hold” rating in a research report on Friday, October 26th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.92.

WARNING: This article was originally published by WKRB News and is owned by of WKRB News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.wkrb13.com/2018/11/26/norinchukin-bank-the-boosts-stake-in-under-armour-inc-ua.html.

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.

Featured Article: What are defining characteristics of a correction?

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

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

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply