Schwab Charles Investment Management Inc. Has $14.12 Million Holdings in Under Armour Inc (UA)

Schwab Charles Investment Management Inc. raised its stake in shares of Under Armour Inc (NYSE:UA) by 41.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 940,295 shares of the company’s stock after purchasing an additional 274,335 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.21% of Under Armour worth $14,124,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. IHT Wealth Management LLC boosted its stake 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 purchasing an additional 305 shares during the last quarter. Andra AP fonden lifted its position in shares of Under Armour by 5.6% during the 2nd quarter. Andra AP fonden now owns 64,200 shares of the company’s stock worth $1,294,000 after buying an additional 3,400 shares in the last quarter. Balyasny Asset Management LLC lifted its position in shares of Under Armour by 13.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 38,800 shares of the company’s stock worth $782,000 after buying an additional 4,644 shares in the last quarter. Kazazian Asset Management LLC lifted its position in shares of Under Armour by 33.3% during the 2nd quarter. Kazazian Asset Management LLC now owns 20,000 shares of the company’s stock worth $403,000 after buying an additional 5,000 shares in the last quarter. Finally, ING Groep NV lifted its position in shares of Under Armour by 58.3% during the 3rd quarter. ING Groep NV now owns 16,086 shares of the company’s stock worth $242,000 after buying an additional 5,924 shares in the last quarter. Institutional investors and hedge funds own 31.84% of the company’s stock.

Shares of Under Armour Inc (NYSE UA) opened at $13.80 on Monday. The company has a market cap of $6,430.00 and a P/E ratio of 43.13. Under Armour Inc has a 1-year low of $10.36 and a 1-year high of $27.64.

Several equities analysts have commented on the stock. DA Davidson cut shares of Under Armour to a “hold” rating and set a $15.00 target price on the stock. in a research report on Tuesday, October 31st. FBR & Co reissued a “sell” rating and set a $10.00 target price on shares of Under Armour in a research report on Tuesday, October 31st. Vetr cut shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 target price on the stock. in a research report on Wednesday, September 13th. Oppenheimer reissued a “hold” rating on shares of Under Armour in a research report on Tuesday, October 31st. Finally, SunTrust Banks cut shares of Under Armour from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research report on Wednesday, November 1st. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.00.

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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.

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

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