Stratos Wealth Partners LTD. bought a new position in Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 16,409 shares of the company’s stock, valued at approximately $357,000.
Other large investors have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. purchased a new stake in Under Armour during the second quarter worth approximately $651,000. Webster Bank N. A. purchased a new stake in Under Armour during the second quarter worth approximately $282,000. Nepsis Capital Management Inc. purchased a new stake in Under Armour during the second quarter worth approximately $3,079,000. Jag Capital Management LLC purchased a new stake in Under Armour during the second quarter worth approximately $901,000. Finally, NEXT Financial Group Inc purchased a new stake in Under Armour during the second quarter worth approximately $204,000. 29.59% of the stock is owned by hedge funds and other institutional investors.
Under Armour, Inc. (NYSE UAA) traded down 3.87% during trading on Friday, reaching $17.12. The company had a trading volume of 7,989,307 shares. The company has a market capitalization of $7.55 billion, a P/E ratio of 34.66 and a beta of -0.07. The firm’s 50 day moving average is $19.65 and its 200-day moving average is $20.20. Under Armour, Inc. has a 12 month low of $16.94 and a 12 month high of $43.85.
UAA has been the subject of a number of analyst reports. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 price target for the company in a report on Monday, May 15th. Deutsche Bank AG downgraded Under Armour from a “hold” rating to a “sell” rating and decreased their price target for the company from $20.27 to $17.00 in a report on Tuesday, July 25th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, July 4th. Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Under Armour in a report on Tuesday, April 25th. Twelve equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.29.
Under Armour Company Profile
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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