Sii Investments Inc. WI boosted its stake in shares of Under Armour, Inc. (NYSE:UA) by 11.4% during the first quarter, Holdings Channel reports. The fund owned 19,024 shares of the company’s stock after buying an additional 1,954 shares during the period. Sii Investments Inc. WI’s holdings in Under Armour were worth $375,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Thornburg Investment Management Inc. raised its stake in Under Armour by 10.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 336,946 shares of the company’s stock valued at $9,788,000 after buying an additional 30,722 shares during the last quarter. Folger Hill Asset Management LP purchased a new stake in Under Armour during the fourth quarter valued at approximately $463,000. Arbor Wealth Management LLC purchased a new stake in Under Armour during the fourth quarter valued at approximately $5,683,000. GSA Capital Partners LLP purchased a new stake in Under Armour during the fourth quarter valued at approximately $233,000. Finally, Tudor Investment Corp Et Al purchased a new stake in Under Armour during the fourth quarter valued at approximately $1,056,000. 56.29% of the stock is owned by institutional investors and hedge funds.
Shares of Under Armour, Inc. (UA) traded down 3.20% during trading on Friday, hitting $19.68. 4,406,629 shares of the company traded hands. The company has a 50-day moving average of $18.98 and a 200-day moving average of $20.92. The stock has a market capitalization of $8.67 billion, a PE ratio of 49.70 and a beta of 1.30. Under Armour, Inc. has a 52-week low of $17.05 and a 52-week high of $42.94.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, April 27th. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Under Armour had a return on equity of 12.43% and a net margin of 4.84%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Equities analysts expect that Under Armour, Inc. will post $0.42 EPS for the current year.
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UA has been the subject of several analyst reports. Zacks Investment Research lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. Wells Fargo & Company reissued a “market weight” rating and set a $17.00 price target on shares of Under Armour in a research report on Wednesday, March 8th. Susquehanna Bancshares Inc reissued a “reduce” rating and set a $14.00 price target on shares of Under Armour in a research report on Friday, March 10th. Jefferies Group LLC raised shares of Under Armour to a “buy” rating and set a $27.00 price target for the company in a research report on Saturday, March 25th. Finally, Vetr lowered shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $20.30 price target for the company. in a research report on Monday, March 27th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Under Armour currently has a consensus rating of “Hold” and an average target price of $20.06.
In other Under Armour news, Director William R. Mcdermott sold 4,717 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $19.85, for a total value of $93,632.45. Following the completion of the sale, the director now owns 66,270 shares in the company, valued at $1,315,459.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kerry D. Chandler sold 5,965 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $19.79, for a total value of $118,047.35. Following the completion of the sale, the insider now owns 114,108 shares of the company’s stock, valued at approximately $2,258,197.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,399 shares of company stock valued at $304,605. 16.50% of the stock is owned by company insiders.
About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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