Under Armour, Inc. (UA) Shares Sold by Ray Gerald L & Associates Ltd.

Ray Gerald L & Associates Ltd. reduced its stake in shares of Under Armour, Inc. (NYSE:UA) by 35.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,909 shares of the company’s stock after selling 30,759 shares during the quarter. Ray Gerald L & Associates Ltd.’s holdings in Under Armour were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IHT Wealth Management LLC grew its holdings in Under Armour by 48.4% during the 2nd quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock valued at $286,000 after buying an additional 305 shares in the last quarter. CWM LLC grew its holdings in Under Armour by 1.4% during the 2nd quarter. CWM LLC now owns 29,107 shares of the company’s stock valued at $587,000 after buying an additional 392 shares in the last quarter. National Planning Corp grew its holdings in Under Armour by 3.2% during the 2nd quarter. National Planning Corp now owns 13,589 shares of the company’s stock valued at $279,000 after buying an additional 423 shares in the last quarter. Trust Investment Advisors grew its holdings in Under Armour by 11.2% during the 2nd quarter. Trust Investment Advisors now owns 18,701 shares of the company’s stock valued at $377,000 after buying an additional 1,883 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in Under Armour by 8.0% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 32,478 shares of the company’s stock valued at $642,000 after buying an additional 2,400 shares in the last quarter. 30.27% of the stock is owned by institutional investors and hedge funds.

Under Armour, Inc. (UA) traded down $0.25 during midday trading on Friday, reaching $10.59. 8,876,167 shares of the company’s stock traded hands, compared to its average volume of 7,384,087. The stock has a market capitalization of $4,669.34, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 6.05 and a beta of 0.70. Under Armour, Inc. has a 52 week low of $10.42 and a 52 week high of $29.53.

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A number of research analysts recently weighed in on the stock. Buckingham Research set a $14.00 target price on shares of Under Armour and gave the company a “sell” rating in a report on Thursday, August 3rd. Piper Jaffray Companies set a $11.00 target price on shares of Under Armour and gave the company a “hold” rating in a report on Tuesday, October 31st. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 target price on shares of Under Armour in a report on Friday, October 13th. Forward View set a $17.00 target price on shares of Under Armour and gave the company a “hold” rating in a report on Sunday, August 13th. Finally, FBR & Co reissued an “underperform” rating and issued a $14.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating and five 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 $16.69.

Under Armour 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.

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

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