Public Employees Retirement System of Ohio decreased its position in Under Armour, Inc. (NYSE:UA) by 48.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,320 shares of the company’s stock after selling 82,981 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Under Armour were worth $1,760,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of UA. First Mercantile Trust Co. bought a new position in shares of Under Armour in the second quarter worth about $141,000. Great Lakes Advisors LLC bought a new position in shares of Under Armour in the second quarter worth about $202,000. Delta Lloyd Asset Management N.V. bought a new position in shares of Under Armour in the second quarter worth about $218,000. Kessler Investment Group LLC bought a new position in shares of Under Armour in the second quarter worth about $252,000. Finally, Harbour Capital Advisors LLC raised its stake in shares of Under Armour by 665.0% in the second quarter. Harbour Capital Advisors LLC now owns 5,363 shares of the company’s stock worth $266,000 after buying an additional 4,662 shares during the period. 30.19% of the stock is currently owned by institutional investors.
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Shares of Under Armour, Inc. (NYSE UA) opened at $10.59 on Monday. The firm has a market capitalization of $4,669.34, a PE ratio of 25.83 and a beta of 0.70. Under Armour, Inc. has a one year low of $10.42 and a one year high of $29.53.
Several analysts recently issued reports on the company. Vetr upgraded Under Armour from a “hold” rating to a “buy” rating and set a $18.88 target price for the company in a research report on Tuesday, July 25th. Jefferies Group LLC set a $28.00 target price on Under Armour and gave the stock a “buy” rating in a research report on Monday, July 31st. Pivotal Research set a $17.00 target price on Under Armour and gave the stock a “hold” rating in a research report on Sunday, October 29th. Deutsche Bank AG cut Under Armour from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Wells Fargo & Company cut Under Armour from a “market perform” rating to a “sell” rating and cut their target price for the stock from $17.00 to $13.00 in a research report on Tuesday, September 19th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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.
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