Bray Capital Advisors trimmed its stake in Under Armour, Inc. (NYSE:UA) by 41.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 48,000 shares of the company’s stock after selling 33,405 shares during the quarter. Bray Capital Advisors’ holdings in Under Armour were worth $721,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. State of Wisconsin Investment Board bought a new stake in Under Armour in the third quarter valued at $612,000. Stevens Capital Management LP bought a new stake in Under Armour in the third quarter valued at $1,137,000. Baillie Gifford & Co. lifted its stake in Under Armour by 0.4% in the third quarter. Baillie Gifford & Co. now owns 2,766,112 shares of the company’s stock valued at $41,547,000 after buying an additional 12,110 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new stake in Under Armour in the third quarter valued at $103,000. Finally, Markel Corp lifted its stake in Under Armour by 83.3% in the third quarter. Markel Corp now owns 110,000 shares of the company’s stock valued at $1,652,000 after buying an additional 50,000 shares during the last quarter. Institutional investors own 30.19% of the company’s stock.
Shares of Under Armour, Inc. (UA) traded up $0.28 on Monday, reaching $10.87. The company had a trading volume of 4,136,904 shares, compared to its average volume of 6,240,000. Under Armour, Inc. has a 1 year low of $10.36 and a 1 year high of $29.53. The stock has a market cap of $4,820.00 and a PE ratio of 25.83.
A number of equities research analysts recently weighed in on the stock. BidaskClub cut shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Deutsche Bank AG cut shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Vetr upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $18.88 price objective on the stock in a research note on Tuesday, July 25th. Buckingham Research set a $15.00 price objective on shares of Under Armour and gave the company a “sell” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC set a $28.00 price target on shares of Under Armour and gave the stock a “buy” rating in a research report on Monday, July 31st. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Under Armour has an average rating of “Hold” and a consensus target price of $16.69.
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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.
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