FNY Investment Advisers LLC Takes Position in Under Armour Inc (UA)

FNY Investment Advisers LLC purchased a new stake in shares of Under Armour Inc (NYSE:UA) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,572 shares of the company’s stock, valued at approximately $331,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. PFG Advisors purchased a new position in shares of Under Armour in the 4th quarter valued at approximately $465,000. Contravisory Investment Management Inc. raised its position in shares of Under Armour by 4.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 23,212 shares of the company’s stock valued at $375,000 after purchasing an additional 998 shares during the last quarter. Vanguard Group Inc raised its position in shares of Under Armour by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 19,163,832 shares of the company’s stock valued at $372,929,000 after purchasing an additional 192,829 shares during the last quarter. Koshinski Asset Management Inc. raised its position in shares of Under Armour by 77.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 18,264 shares of the company’s stock valued at $355,000 after purchasing an additional 8,000 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Under Armour by 2.4% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 273,557 shares of the company’s stock valued at $4,423,000 after purchasing an additional 6,420 shares during the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. B. Riley set a $12.00 price objective on shares of Under Armour and gave the company a “sell” rating in a research report on Tuesday, April 9th. Pivotal Research reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Under Armour in a research report on Wednesday, February 13th. Canaccord Genuity set a $13.00 price objective on shares of Under Armour and gave the company a “sell” rating in a research report on Tuesday, March 19th. Piper Jaffray Companies set a $30.00 price objective on shares of Under Armour and gave the company a “buy” rating in a research report on Monday, December 31st. Finally, ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.00.

In related news, insider Paul Fipps sold 23,247 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $19.49, for a total value of $453,084.03. Following the transaction, the insider now owns 362,784 shares in the company, valued at approximately $7,070,660.16. The sale was disclosed in a filing with the SEC, which is available through this link. 15.90% of the stock is currently owned by corporate insiders.

Shares of NYSE:UA opened at $19.66 on Thursday. Under Armour Inc has a twelve month low of $13.90 and a twelve month high of $23.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.97. The company has a market capitalization of $8.82 billion, a P/E ratio of 76.04 and a beta of 0.93.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Under Armour had a negative net margin of 0.89% and a positive return on equity of 6.03%. The company had revenue of $1.39 billion for the quarter.

TRADEMARK VIOLATION NOTICE: “FNY Investment Advisers LLC Takes Position in Under Armour Inc (UA)” was originally posted by WKRB News and is owned by of WKRB News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.wkrb13.com/2019/04/18/fny-investment-advisers-llc-takes-position-in-under-armour-inc-ua.html.

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.

Featured Article: Outstanding Shares and The Effect on Share Price

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.